Multi-Family $ 425,000

114 Wix Ave

Portland, TN 37148

  • 1,980 SqFt
  • 2022 Year Built
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.
Listed by Ann Blackburn of Real Broker

PROPERTY DETAIL

  • 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

  • Location

    State TN

    County Sumner County

    Zoning RES

  • Building

    Story 2

    Sewer Public Sewer

    Water Public

    Structure Type Hardboard Siding

    New Construction false

  • Interior

    Heating Central

    Cooling Central Air

    Flooring Concrete, Luxury Vinyl

    Fireplace N

  • Exterior

    Utilities Available Water Available

    View Y/N false

    Private Pool 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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CONTACT

Ann Blackburn

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