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3031 Adkisson Dr , #3031

Cleveland, TN 37312
  • $305,000
  • STATUS: Closed
  • ON SITE: 50 Days
  • MLS #: 1387726
Sold - 04/01/2024
$305,000
SOLD - 04/01/2024
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,016
    SQFT
  • $151
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2003
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Attention Investors! Duplex with Strong Rental Potential. Welcome to 3031 Adkisson Dr, a lucrative investment opportunity in Cleveland This meticulously maintained duplex at 3031 & 3033 Adkisson Dr NW, Cleveland, built in 2003, presents a promising investment opportunity with current rental income of $1,300 and the potential for an impressive $3,000 in total income. Key Features:Current Rental Income: The property currently generates $1,300 in monthly rent, with unit 3031 leased at $1,300. However, there is untapped potential for increased rent, positioning this duplex as a lucrative investment.Property Details: Each unit, spanning two stories, offers a spacious layout with over 1,000 sqft, featuring 2 bedrooms and 1.5 bathrooms. Built in 2003, these modern residences provide comfortable living spaces with well-designed floor plans. It has a really big parking space for both units.Prime Location: Conveniently situated in Cleveland near major routes, this property offers a peaceful residential setting with quick access to downtown and the thriving areas of the city. This prime location enhances the property's appeal to potential tenants.Occupancy and Maintenance: Unit 3031 is currently leased, ensuring a steady income stream for the investor until August. The property has been well-maintained, requiring minimal upkeep and providing a hassle-free investment opportunity. Unit 3033 is currently vacant but it is ready to be leased.Affordable Rental Rates: The current rental rates are positioned competitively within the neighborhood, allowing for potential increases in alignment with market trends, providing flexibility for optimizing returns.Positive Growth Outlook: With the community experiencing growth, there's a positive outlook for continued appreciation of property values, adding to the long-term investment potential of the property.Seller is asking for highest and best for Tuesday 3/5/2024 until 3:00 PmContingency for Viewing: As unit 3031 is tenant-occupied, the seller requires an accepted offer with a contingency to view, ensuring tenant privacy while facilitating a smooth transaction process. Personal Items Negotiation: The owner is open to negotiating the inclusion of personal items within the property, such as furniture and maintenance equipment Rental Breakdown for 3031 Adkisson Dr NW: 3031: Leased until August, generating $1,300 monthly rent. 3033: Currently vacant but can be rented for $1,500 monthly. Seize this outstanding investment opportunity! Secure your future income with 3031 Adkisson Dr NW today!

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www.robinsonteam.com/homes/148178093
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3031 Adkisson Dr , #3031 Cleveland, TN 37312

  • Price: $309,900
  • Status: Closed
  • On Site: 50 Days
  • MLS #: 1387726
0
Beds
0
Baths
0
½ Baths
0.23
Acres
2,016
SQFT
$151
$/SQFT
2003
Built
Neighborhood:
None
County:
Bradley
Area:
Cleveland
Elementary School:
Candies Creek Cherokee
Middle School:
Cleveland Middle
High School:
Cleveland High
Property Description
Attention Investors! Duplex with Strong Rental Potential. Welcome to 3031 Adkisson Dr, a lucrative investment opportunity in Cleveland This meticulously maintained duplex at 3031 & 3033 Adkisson Dr NW, Cleveland, built in 2003, presents a promising investment opportunity with current rental income of $1,300 and the potential for an impressive $3,000 in total income. Key Features:Current Rental Income: The property currently generates $1,300 in monthly rent, with unit 3031 leased at $1,300. However, there is untapped potential for increased rent, positioning this duplex as a lucrative investment.Property Details: Each unit, spanning two stories, offers a spacious layout with over 1,000 sqft, featuring 2 bedrooms and 1.5 bathrooms. Built in 2003, these modern residences provide comfortable living spaces with well-designed floor plans. It has a really big parking space for both units.Prime Location: Conveniently situated in Cleveland near major routes, this property offers a peaceful residential setting with quick access to downtown and the thriving areas of the city. This prime location enhances the property's appeal to potential tenants.Occupancy and Maintenance: Unit 3031 is currently leased, ensuring a steady income stream for the investor until August. The property has been well-maintained, requiring minimal upkeep and providing a hassle-free investment opportunity. Unit 3033 is currently vacant but it is ready to be leased.Affordable Rental Rates: The current rental rates are positioned competitively within the neighborhood, allowing for potential increases in alignment with market trends, providing flexibility for optimizing returns.Positive Growth Outlook: With the community experiencing growth, there's a positive outlook for continued appreciation of property values, adding to the long-term investment potential of the property.Seller is asking for highest and best for Tuesday 3/5/2024 until 3:00 PmContingency for Viewing: As unit 3031 is tenant-occupied, the seller requires an accepted offer with a contingency to view, ensuring tenant privacy while facilitating a smooth transaction process. Personal Items Negotiation: The owner is open to negotiating the inclusion of personal items within the property, such as furniture and maintenance equipment Rental Breakdown for 3031 Adkisson Dr NW: 3031: Leased until August, generating $1,300 monthly rent. 3033: Currently vacant but can be rented for $1,500 monthly. Seize this outstanding investment opportunity! Secure your future income with 3031 Adkisson Dr NW today!
Exterior Features

Exterior BrickSiding Garage Parking Off Street Parking Lot Description Level Lot Size Dimensions 81' - 100' - 158' - 100' Roof Shingle

Interior Features

Basement Slab Cooling CentralElectric Description 2 Level Heating CentralElectric Unit One Bedrooms 2 Unit One Features 1 Bath1.5 Baths2 BedroomsDeck/PatioEat-In KitchenLiving RoomMicrowaveOven/RangeRefrigeratorStorage Unit One Full Baths 1 Unit One Half Baths 1 Unit Two Bedrooms 2 Unit Two Features 1 Bath1.5 Baths2 BedroomsDeck/PatioEat-in KitchenMicrowaveOven/RangeRefrigerator Unit Two Full Baths 1 Unit Two Half Baths 1

Property Features

Community Features None Existing Financing None Financing CashConventionalFHAVA Gross Monthly Rent 1300.00 Home Warranty No Owner Pays All Utilities Possession Day of Closing Property Sub Type Duplex Senior Community YN No Taxes 1210.44 Tenant Pays All Utilities Type Of Sale Home Owner Unit One Unit Number 3301 Unit Two Unit Number 3303 Water Sewer On SewerPublic Water

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Listing courtesy of EXP Realty LLC: (888) 519-5113.



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