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Listed by Ann Blackburn • Real Broker
$ 425,000
Est. payment /mo
Active
114 Wix Ave Portland, TN 37148
1,980 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $214
MLS Listing ID 3137971
HOA Y/N No
Year Built 2022
Annual Tax Amount $3,601
Lot Dimensions 62X72 M
Property Description
Turnkey Duplex in Portland, TN! Whether you're an investor seeking a 7% CAP rate or a homeowner looking to live in one side and offset your mortgage with rent from the other unit, this well-maintained 2022-built duplex checks every box. Each unit features a functional layout with 2 bedrooms, 1.5 baths, and modern kitchens equipped with stainless steel appliances, including a refrigerator, stove, microwave, and dishwasher. The property is designed for efficiency with individual meters for all utilities—paid by tenants—and is connected to city water and sewer with no HOA fees. Landlord does currently pay to have the small yard maintainted. Units have washer and dryer connections, concrete parking pad and their own entrances. Please respect tenant privacy and DO NOT DISTURB TENANTS.
Both sides are currently occupied by tenants who wish to remain, generating a steady **$3,000 in monthly rental income** ($1,500 per unit) through April 30, 2026. Property is Section 8 approved. The property is being sold as-is — inspections welcome.
Showings are available with proof of funds and 24 hr notice. This turnkey opportunity offers a rare blend of modern construction and immediate cash flow.
Note that photos provided are from 2023 prior to leasing.
Both sides are currently occupied by tenants who wish to remain, generating a steady **$3,000 in monthly rental income** ($1,500 per unit) through April 30, 2026. Property is Section 8 approved. The property is being sold as-is — inspections welcome.
Showings are available with proof of funds and 24 hr notice. This turnkey opportunity offers a rare blend of modern construction and immediate cash flow.
Note that photos provided are from 2023 prior to leasing.
Location
State TN
County Sumner County
Zoning RES
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Luxury Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Hardboard Siding
New Construction false
Schools
Elementary Schools J W Wiseman Elementary
Middle Schools Portland East Middle School
High Schools Portland High School
Others
Senior Community false
Special Listing Condition Standard
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