114 Wix Ave, Portland, TN 37148

Property Description

Motivated Seller! Turnkey Duplex in Portland, TN that has been meticulously maintained! 6% CAP rate. 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. One side is currently occupied by tenants for $1500/month rent and the other side is currently vacant. Property is Section 8 approved. The property is being sold as-is — inspections welcome. This turnkey opportunity offers a rare blend of modern construction and immediate cash flow. Note that photos provided are from 2023 prior to leasing.