Rare and Exceptional 4-Unit Investment Property

Asking $ 639,000
  • Welcome to an exceptional investment opportunity in Middle Tennessee!
  • These 4 units have high rental potential, located near MTSU and downtown Murfreesboro.
  • Newly painted, fully occupied with long-term lessees, new landscaping, ample open parking.
  • New windows, Luxury LVP Flooring, and Granite Countertops, all units come with kitchen appliances.
  • 4 two-story apartments, each with 2 large bedrooms, 1 full bath upstairs, and 1 half bath downstairs.
  • Central Heat & Air, Most units were renovated in 2024.
  • They are low maintenance, each unit has its own water and electricity meters independent from one another.
  • Great happy tenants in place. All units are sold together AS-IS.
  • Please DO NOT disrupt the tenants in place.
  • One unit is available for viewing.
  • These properties are a rare opportunity in Murfreesboro and they offer an excellent blend of convenience and income potential.

 

    • Updated On:
    • August 31, 2024
    • 8 Bedrooms
    • 4 Bathrooms
    • 3,840.00 ft2
    • Year Built:2000
    Property Id : 67721
    Price: Asking $ 639,000
    Property Size: 3,840.00 ft2
    Property Lot Size: 14,810.00 ft2
    Rooms: 20
    Bedrooms: 8
    Bathrooms: 4
    Year Built: 2000
    External Construction: Vinyl Siding
    Roofing: Asphalt
    Rent (mo): 5200
    ROI (ann): 21.2%
    Cashflow (mo): 1133
    Property Taxes (mo): 339
    Insurance (mo): 220
    Repairs (mo): 75
    Management Fee (mo): 408
    Leasing Fee (ann): 1275
    HOA (mo): 0
    Vacancy Rate (ann): 48
    Transport
    Supermarkets
    Schools
    Restaurants
    Pharmacies
    Hospitals
    $ 3,827.94
    per month
    • Principal and Interest
    • Property Tax
    • HOA fee
    $ 3,029.19

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    Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice. The analysis is provided "As Is". All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.

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