Property Description

Income-producing duplex in a prime Murfreesboro location near Middle Tennessee State University offering strong rental income and multiple investment strategies. Property previously appraised for over $500,000 on a prior appraisal. Ideal for investors or buyers looking to house hack by living in one unit while renting the other.The 1408 unit features a spacious 3 bed, 1.5 bath layout with a large bonus room that can serve as a bedroom, office, or flex space. The 1406 unit is a 2 bed, 1 bath and comes fully furnished with approx. $12,000 in furnishings. It previously operated as a successful Airbnb, generating approx. $2,800-$3,000/month. Furnishings are negotiable and may convey, offering a potential turnkey short-term rental opportunity.HVAC systems for both units were replaced in 2022, the main sewer line was replaced approx. 2 years ago, and the roof is less than 11 years old.The 1408 unit is leased at $1,900/month through October 2026. The 1406 unit was leased at $1,750/month with that lease ending at the end of May and is now being transitioned back to a full-time Airbnb, creating upside potential.Great opportunity for investors seeking immediate cash flow with value-add potential, or for an owner-occupant to offset their mortgage.Conveniently located near MTSU, downtown Murfreesboro, shopping, dining, and major roadways, making it a highly desirable rental location.Located in a flood zone; flood insurance may be required. Seller states no known history of flooding.Assumable loan in place at approx. 5.063% offers qualified buyers potential access to a below-market interest rate.

Property Features

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