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Multi Family Duplex Home – Great Investment Opportunity in Hermitage

Asking $ 325,000
Tulip Grove Road, ,
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SOLD

Overview

  • Updated On:
  • August 26, 2021
  • 4 Bedrooms
  • 2 Bathrooms
  • 1,650.00 ft2
  • Year Built: 1983

Property Description

  • Market rents for duplexes in Hermitage are around $1,250 a month.
  • What could you do with an additional $30,000 a year in revenue?
  • Property needs some TLC to maximize rents.
  • Both sides have had long term tenants who would prefer to stay.
  • This is a fully leased duplex.
Address: Tulip Grove Road
City:
Area:
State/County:
Zip: 37076
Country: United States
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Property Id : 36658
Price: Asking $ 325,000
Property Size: 1,650.00 ft2
Property Lot Size: 11,325.00 ft2
Rooms: 8
Bedrooms: 4
Bathrooms: 2
House Number: 608
Year Built: 1983
External Construction: Brick
Roofing: Asphalt
Rent (mo): 2600
ROI (ann): 31.5
Cashflow (mo): 817
Property Taxes (mo): 168
Insurance (mo): 95
Repairs (mo): 100
Management Fee (mo): 204
Leasing Fee (ann): 53.1
HOA (mo): 0
Vacancy Rate (ann): 4
Other Features
back yard
deck
walkscore1 / Car-Dependent more details here

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