Property Description

Income-producing duplex in a prime Murfreesboro location near MTSU offering strong rental income and multiple investment strategies. This property is ideal for investors or buyers looking for a house hack opportunity by living in one unit while renting the other.The 1408 unit features a spacious 3 bedroom, 1.5 bath layout with a large bonus room that could function as an additional bedroom, office, or flex space. The 1406 unit is a 2 bedroom, 1 bath and comes fully furnished with about $12,000 worth of furniture and furnishings. This unit was previously operating as a successful Airbnb and generated strong short-term rental income. All furnishings are negotiable and may convey with the sale, offering a potential turnkey opportunity for buyers interested in resuming short-term rental use.HVAC systems for both units were replaced in 2022 and the roof is less than 11 years old.Both units are currently leased and producing income. The 1408 unit rents for $1,900 per month with a lease through October 2026. The 1406 unit rents for $1,750 per month with the lease ending in May 2026. Total current rental income is $3,650 per month or $43,800 annually.This property provides a great opportunity for investors seeking immediate cash flow, or for a buyer interested in house hacking by occupying one side and offsetting the mortgage with rental income from the other unit.Conveniently located near MTSU, downtown Murfreesboro, shopping, restaurants, and major roadways, making it an attractive rental location with strong demand.The property is located in a designated flood zone and flood insurance may be required by most lenders. Seller states the property has not experienced flooding during ownership or the owner before. An additional opportunity for buyers is the seller's assumable loan currently in place at approximately 5.063%, which may allow qualified buyers to take advantage of a below-market interest rate!!!!

Property Features

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