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Duplex Package: 3109, 3113, 3116 Wildwood Dr. Nashville, Tn 37217 USA - No Longer Available

Updated: Dec 14, 2023

Duplex - Investment Property


$1,250,000


Owner Financing Options Available. Contact Eric Brinson for more details:


Property Details:

Duplex 1 - 3109 Wildwood Dr

  • Size: 2214 SF

  • Bedrooms: 4

  • Bathrooms: 4

  • Year Built: 1983

  • Current Rent: Vacant




Duplex 2 - 3113 Wildwood Dr

  • Size: 2214 SF

  • Bedrooms: 4

  • Bathrooms: 4

  • Year Built: 1983

  • Current Rent: $1,600/Unit

  • NO PHOTOS

Duplex 3 - 3116 Wildwood Dr

  • Size: 2214 SF

  • Bedrooms: 4

  • Bathrooms: 4

  • Year Built: 1983

  • Current Rent: $1,600/Unit

  • NO PHOTOS

Property Highlights:

  • Status: 4/6 units are rented at $1,600/month.

  • Tenancy: All tenants are currently on month-to-month agreements.

  • Potential Market Rent: $1,750/month per unit.

  • Single Family ARV: $390,000.

  • Condition: Fair.

Investment Considerations:

  1. Consistent Rental Income: With all units currently rented at $1,600 each, this package offers a stable and consistent rental income.

  2. Potential Upside in Rents: Given the potential market rent of $1,750 per unit, there's room for rental increment, enhancing revenue streams.

  3. Month-to-Month Tenancy: The current month-to-month status of all tenants provides flexibility for potential rent adjustments or property strategies.

  4. Solid ARV Potential: With the single-family ARV standing at $390,000, there's a potential upside in property value appreciation.


Simple Returns

Based on Assumptions of 35% towards expenses


Returns at Current Rents

  1. Annual Income Per Duplex: $38,400

  2. Total Annual Rental Income (for all 3 duplexes): $115,200

  3. Net Operating Income (NOI): $86,400

  4. Cap Rate: 6.912%


Returns at Market Rents

  1. Potential Annual Income Per Duplex: $42,000

  2. Total Potential Annual Rental Income (for all 3 duplexes): $126,000

  3. Potential Net Operating Income (NOI): $94,500

  4. Potential Cap Rate: 7.56%



Rental Comps



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Rent Comps
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For Sale Comps


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Single Family Comps
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Rental Comps



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A&R Development & Acquisitions

Eric Brinson, REALTOR and General Contractor

Mobile: 615-987-7897

ericb@andersonandryan.com

www.andersonandryan.com


*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact ericb@andersonandryan.com directly to discuss. This is an off market investment opportunity.

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