Listed by California Home Team
$415,000
Fully Occupied Duplex | $22.7K NOI | 6.5% Cap | Lebanon, TN
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,400
Net Rentable (SqFt) 2,400
Units 2
Cap Rate 5.48%
NOI $22,750
Occupancy 100%
Price per SqFt $173
Class B
Year Built 1985
Buildings 1
Stories 2
Zoning Residential (Duplex)
Investment Type Stabilized
Ownership 100%
Fully Occupied Duplex | $22.7K NOI | 6.5% Cap | Lebanon, TN
Marketing description
This fully occupied duplex in Lebanon, TN offers a stable, income-producing opportunity with immediate cash flow and upside potential. Featuring two spacious 2 bed / 1.5 bath units, the property generates $22,750 in NOI with tenants paying all utilities, keeping expenses low.
Located in the growing Wilson County market just minutes from I-40 and a short commute to Nashville, this asset benefits from strong rental demand and long-term appreciation trends. With both units on month-to-month leases, investors have the flexibility to increase rents to market rates and further enhance returns.
Listing Contacts
Listed by California Home Team
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$22,750.00
$1,895.83/mo
Valuation Metrics
0
DSCR
5.48%
Cap Rate
5.48%
ROI
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