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For sale
  • $580,000

    1063 & 1085 1087 Craig Dr #1065, Milan, TN 38358

    --beds
    0baths
    4,479sqft
    : 
    $3,415/mo
    Get pre-qualified
    Duplex
    Built in 1985
    -- sqft lot
    $-- Zestimate®
    $129/sqft
    $-- HOA

    What's special

    Storage shedFresh paintRecent interior improvementsNew architectural shingle roofNew hvac systemStainless steel appliancesGranite countertops
    DUPLEX INVESTMENT OPPORTUNITY! This package includes two well-maintained duplexes totaling 4 units, offering an excellent opportunity for both seasoned investors looking to expand their portfolio and first-time investors looking to establish a strong foundation in rental real estate. The properties currently generate $5,950 in combined monthly rental income, or approximately $71,400 annually, with tenants responsible for their own utilities. The majority of the units have received recent interior improvements, including new LVP flooring, fresh paint, updated fixtures and faucets, providing clean and appealing rental spaces. The 1063-1065 duplex features a new architectural shingle roof, while Unit 1065 has received additional improvements including a new HVAC system, stainless steel appliances, and granite countertops. The 1085-1087 duplex has also received significant updates, including new LVP flooring, fresh paint, updated fixtures and faucets, and a new stove in 1087. Unit 1063 has received fresh paint and remains a solid opportunity for an investor who may want to add their own cosmetic improvements over time. Both duplexes feature separate gas and electric meters, allowing tenants to pay their own utilities. Each unit also offers private outdoor space and additional utility storage, with back decks at 1063-1065 and covered back patios at 1085-1087. The 1063-1065 duplex includes two one-car carports and a storage shed. Current leases are in place through 2027, providing an investor with established rental income from day one. With four income-producing units, strong current rental income, recent improvements throughout three of the four units, a new roof on 1063-1065, newer HVAC systems, and tenant-paid utilities, this package presents an attractive opportunity to add to an existing rental portfolio—or take the first step into real estate investing with an established income-producing property.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Adam Parker Arnold,

    L A Realty,LLC 731-686-9899

    Source: CWTAR,MLS#: 2604062MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Forced Air
      Cooling
      • Central Air
      Features
      • Flooring: Carpet, Luxury Vinyl
      • Windows: Aluminum Frames, Shutters
      Interior area
      • Total interior livable area: 4,479 sqft

      Property

      Parking
      • Total spaces: 8
      • Parking features: Attached, Carport
      • Has attached garage: Yes
      • Carport spaces: 2
      Features
      • Levels: One
      • Patio & porch: Covered, Deck, Patio
      • Exterior features: Rain Gutters
      Lot
      • Size: 0.64 Acres
      • Dimensions: 106.5 x 132/104 x 132
      Details
      • Additional structures: Shed(s)
      • Parcel number: 143D C 002.03/143D C 002.05
      • Zoning description: Duplex
      • Special conditions: Agent Owned

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Materials
      • Brick, Vinyl Siding
      • Foundation: Raised
      • Roof: Composition
      Condition
      • Year built: 1985

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Milan

      Financial & listing details

      • Price per square foot: $129/sqft
      • Annual tax amount: $4,451
      • Date on market: 8/26/2026
      • Total actual rent: 71040
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/26/2026Listed for sale$580,000$129/sqft
        Source: CWTAR #2604062 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 38358

        Getting around

        14 / 100
        Car-Dependent
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Milan School District

        Source: CWTAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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