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114 Wix Ave, Portland, TN, 37148

4beds
4baths
1,980sqft
$425,000
$215price/sqft
$2,701/moest. monthly cost
$108,040/yrincome needed

About This Home

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.

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

6/10
6/10
4/10
Portland High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 2022

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: Individual,Electric Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4

Features

  • Flooring: Concrete
  • Finished area above ground: 1,980

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,980
  • Total interior livable area: 1,980 sqft

Property

Details

  • Parcel number: 033J F 01100 000
  • Attached to another structure: Yes
  • Zoning: RES
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,464 sqft
  • Lot size dimensions: 62 x 72 M

Parking

  • Total spaces: 4
  • Parking features: Concrete
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4