3031 Adkisson Dr NW #3031, Cleveland, TN 37312

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 Pm Contingency 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!