Duplex Package: 3109, 3113, 3116 Wildwood Dr. Nashville, Tn 37217 USA - Available Opportunity
Updated: 4 days ago
Duplex - Investment Property
$1,250,000
Owner Financing Options Available. Contact Eric Brinson for more details:
Property Details:
Duplex 1 - 3109 Wildwood Dr
Size: 2214 SF
Bedrooms: 4
Bathrooms: 4
Year Built: 1983
Current Rent: Vacant
Duplex 2 - 3113 Wildwood Dr
Size: 2214 SF
Bedrooms: 4
Bathrooms: 4
Year Built: 1983
Current Rent: $1,600/Unit
NO PHOTOS
Duplex 3 - 3116 Wildwood Dr
Size: 2214 SF
Bedrooms: 4
Bathrooms: 4
Year Built: 1983
Current Rent: $1,600/Unit
NO PHOTOS
Property Highlights:
Status: 4/6 units are rented at $1,600/month.
Tenancy: All tenants are currently on month-to-month agreements.
Potential Market Rent: $1,750/month per unit.
Single Family ARV: $390,000.
Condition: Fair.
Investment Considerations:
Consistent Rental Income: With all units currently rented at $1,600 each, this package offers a stable and consistent rental income.
Potential Upside in Rents: Given the potential market rent of $1,750 per unit, there's room for rental increment, enhancing revenue streams.
Month-to-Month Tenancy: The current month-to-month status of all tenants provides flexibility for potential rent adjustments or property strategies.
Solid ARV Potential: With the single-family ARV standing at $390,000, there's a potential upside in property value appreciation.
Simple Returns
Based on Assumptions of 35% towards expenses
Returns at Current Rents
Annual Income Per Duplex: $38,400
Total Annual Rental Income (for all 3 duplexes): $115,200
Net Operating Income (NOI): $86,400
Cap Rate: 6.912%
Returns at Market Rents
Potential Annual Income Per Duplex: $42,000
Total Potential Annual Rental Income (for all 3 duplexes): $126,000
Potential Net Operating Income (NOI): $94,500
Potential Cap Rate: 7.56%
Rental Comps
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For Sale Comps
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Single Family Comps
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Rental Comps
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A&R Development & Acquisitions
Eric Brinson, REALTOR and General Contractor
Mobile: 615-987-7897
ericb@andersonandryan.com
www.andersonandryan.com
*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact ericb@andersonandryan.com directly to discuss. This is an off market investment opportunity.