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Listed by: Adam Parker Arnold L A Realty,LLC

$580,000

Est. payment - /mo

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4,479 SqFt

New

1063 - 1065 & 1085 - 1087 Craig DR Milan, TN 38358

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Clay Fowler

cfowler@prosperrealtytn.com +1(731) 467-0036

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,479 sqft

Price per Sqft $129

MLS Listing ID 2604062

Year Built 1985

Annual Tax Amount $4,451

Lot Size 0.640 Acres

Acres 0.64

Lot Dimensions 106.5 X 132/104 X 132

Property Sub-Type Duplex

Source Central West Tennessee Association of REALTORS®

Property Description

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.

Location

State TN

County Gibson

Area 0.64

Zoning Duplex

Rooms

Other Rooms Shed(s)

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Luxury Vinyl

Window Features Aluminum Frames,Shutters

Heat Source Forced Air

Exterior

Exterior Feature Rain Gutters

Parking Features Attached, Carport

Carport Spaces 2

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Street Surface Asphalt

Porch Covered, Deck, Patio

Road Frontage City Street

Building

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories 1

Structure Type Brick,Vinyl Siding

Schools

Elementary Schools Milan School District

High Schools Milan School District

Others

Tax ID 143D C 002.03/143D C 002.05

Special Listing Condition Agent Owned

Nearby Locations

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Clay Fowler

Broker License ID: 330963

+1(731) 467-0036

1063 - 1065 & 1085 - 1087 Craig DR Milan, TN 38358

Clay Fowler

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1063 - 1065 & 1085 - 1087 Craig DR