ADD TO YOUR RENTAL PORTFOLIO OR FLIP FOR MAX PROFIT!

ASKING PRICE: $88,700 OBO

*NR-EMD: $2.500

**Cash Or Hard Money To Close!!!**

*EXIT STRATEGIES:

• Fix and Rent: Rehab and hold units for long-term wealth!

Details

4 BD 2BA 1,800 sqft

Awesome duplex located in opportunity zone, directly in front of the Hawkins county airport in Surgoinsville, Each unit has 2 bed 1 bath. Property has been vacant since August. Unit 1 (on the right) was mostly renovated by the seller. Unit 2 (on the left) is currently under construction and in need of cosmetic updates to be finished out. This one's an easy no-brainer, get it quick!

Highlights

Fantastic opportunity with this duplex, you won't be worried about having to evict tenants as both sides of the duplex are currently vacant, reducing headaches and downtime. Big ticket items have been completed on this duplex, including.

• Roof [metal, 3.5 y/o]
• HVAC's [replaced within the last 3 years, Two 4/ton units]
• Opportunity Zone (YES)
• Crawlspace
• City Water
• City Gas Available
• W/D hookups
• Septic [works fine, last service unknown by current owner]
• Brick and vinyl siding [great condition]
• Updates made to one unit include vinal flooring, painted kitchen cabinets, trim and duct vents.
• Paved driveway

Updates Needed:

Right hand unit 1 needs

• Touch up paint

Cosmetic rehab is still needed to get Unit 2 (Left-hand side unit) rent ready.

• Flooring
• Full bath
• Fixtures
• Paint
• One window is broken

Income

• Unit 1 - Mostly remodeled, Vacant, 2BD 1BA
• Unit 2 - Vacant, 2BD 1BA

Expenses

Utilities were payed by tenants

Tax Amount

• Taxes $1,611 [yr/2022]
• power - n/a
• water - n/a
• trash - n/a

Disclosure

• Small storage shed to the rear of the property will be removed prior to close.

WIN IT NOW & LOCK IT UP!

ARV COMPS

• (MFR) 1602 Hwy 93 | 4/2 | Listing Price: $425,000 | Listing Date: 07/04/2023 | P/U: $212,500
• (MFR) 308 W Broadway St | 4/1 | Sold Price: $123,000 | Sold Date: 08/10/2023 | P/U: $61,500
• (MFR) 111 Independence Ave | 3/2 | Sold Price: $115,000 | Sold Date: 03/10/2023 | P/U : $57,500

* MORE INFO

👉 CALL OR TEXT BLAINE

📞 (423) 374-3691