1063 - 1065 & 1085 - 1087 Craig Drive, Milan, TN 38358
Active $580,000
No Baths
-- Beds
0 SqFt
0.64 Acres
- DUPLEX INVESTMENT OPPORTUNITY! This package includes two well-maintained duplexes totaling 4 units, offering an excellent opportunity for both seasoned investors looking to expand their portfolio and first-time investors looking to establish a strong foundation in rental real estate. The properties currently generate $5,950 in combined monthly rental income, or approximately $71,400 annually, with tenants responsible for their own utilities. The majority of the units have received recent interior improvements, including new LVP flooring, fresh paint, updated fixtures and faucets, providing clean and appealing rental spaces. The 1063-1065 duplex features a new architectural shingle roof, while Unit 1065 has received additional improvements including a new HVAC system, stainless steel appliances, and granite countertops. The 1085-1087 duplex has also received significant updates, including new LVP flooring, fresh paint, updated fixtures and faucets, and a new stove in 1087. Unit 1063 has received fresh paint and remains a solid opportunity for an investor who may want to add their own cosmetic improvements over time. Both duplexes feature separate gas and electric meters, allowing tenants to pay their own utilities. Each unit also offers private outdoor space and additional utility storage, with back decks at 1063-1065 and covered back patios at 1085-1087. The 1063-1065 duplex includes two one-car carports and a storage shed. Current leases are in place through 2027, providing an investor with established rental income from day one. With four income-producing units, strong current rental income, recent improvements throughout three of the four units, a new roof on 1063-1065, newer HVAC systems, and tenant-paid utilities, this package presents an attractive opportunity to add to an existing rental portfolio—or take the first step into real estate investing with an established income-producing property.
- Year Built: 1985
- Air: Central Air
- Heat: Forced Air
- Water: Public
- Sewer: Public Sewer
MLS#: 2604062
Could this be the one?
Susan Bradberry, REALTOR®, GRI
Principal Broker, PARIS
731-415-3321
Susan Bradberry has spent her career doing one thing well: helping people in West Tennessee make sound real estate decisions at the moments that matter most. She entered the profession in 2005 and mad...
What if this was home?