Courtesy of: Tim Hensley, Arbella Properties JC, tim@arbellatn.com
Courtesy of: Tim Hensley, Arbella Properties JC, tim@arbellatn.com
$295,000
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4 bed
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2,016 square feet
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4.00 Bath (4 Full)
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Lot: 0.49 Acres
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Other
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$295,000
503 Leonard Street 1-4 Excellent investment opportunity featuring four well-maintained 1-bedroom, 1-bath units, each approximately 500+/- SF. All units are in good condition and fully occupied, providing immediate rental income. Current gross monthly rents total $2, 075, with all leases on a month-to-month basis, offering the opportunity to increase rents to current market rates. The property has been exceptionally maintained, including a new architectural roof and complete exterior repaint, both completed last year. Tenants pay their own electric, while the owner covers water/sewer (averaging approximately $60 per month), lawn care, and city-provided trash service. Each unit features in-wall A/C, baseboard heat, and an individual water heater. Two units also include washer hookups. This is a low-maintenance, value-add investment with strong upside potential.
Courtesy of: Tim Hensley, Arbella Properties JC, tim@arbellatn.com
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