15030 Highway 49, Vanleer, TN 37181
- $450,000
- 3,780
- SqFt
- List Price
- $450,000
- MLS#
- 3244968
- Days on Market
- 39
- Property Type
- Multifamily
- Sqft. of Residence
- 3,780
- County
- Houston County
- Status
- ACTIVE
Property Description
INCOME-PRODUCING INVESTMENT OPPORTUNITY! Sale includes a QUADPLEX, DUPLEX, AND AN ADDITIONAL LOT located at 15030 and 15076 Highway 49 W. Offering a total of 6 RENTAL UNITS, this property presents an excellent opportunity for investors looking to expand their portfolio. The quadplex consists of four 1 BEDROOM, 1 BATHROOM units and is ZONED COMMERCIAL. The duplex includes one 2 BEDROOM, 1 BATHROOM unit and one 1 BEDROOM, 1 BATHROOM unit and is ZONED RESIDENTIAL. Recent improvements include Unit 2 in the quadplex with NEW FLOORING, NEW CABINETS, NEW COUNTERTOPS, AND NEW REFRIGERATOR. Unit 4 features NEW FLOORING and a NEWER REFRIGERATOR. The quadplex roof is approximately 5 YEARS OLD. All units are currently occupied. Tenants have completed their initial lease terms and are currently MONTH-TO-MONTH. SECURITY DEPOSITS ARE IN PLACE, and each unit has its own SEPARATE ELECTRIC METER. Current rental income totals approximately $5,450 PER MONTH, with the duplex generating $1,850 PER MONTH and the quadplex generating $3,600 PER MONTH ($900 per unit). SELLER CURRENTLY PAYS UTILITIES, which are reported to be reasonable. Conveniently located LESS THAN 20 MINUTES FROM DOWNTOWN ERIN, this fully occupied property offers immediate cash flow and is ready for its new owner. Opportunities to purchase 6 INCOME-PRODUCING UNITS, AN ADDITIONAL LOT, AND BOTH COMMERCIAL AND RESIDENTIAL ZONING in one package are hard to find. Whether you’re looking to grow your portfolio or add a strong-performing asset to your investment holdings, this property checks all the boxes.
/u.realgeeks.media/simerlyhomes/WGRE_logo-color-horizontal_sm.png){kind=logo}
Additional Information
- Construction Type
- Vinyl Siding
- Cooling System
- Electric, Wall/Window Unit(s)
- Elementary School
- Erin Elementary
- Floor Types
- Laminate
- Heating System
- Electric
- High School
- Houston Co High School
- Junior High School
- Houston Co Middle School
- Living Area
- 3,780
- Lot Dimensions
- 104X281X83X245
- Number Of Stories
- 2
- Sewer System
- Septic Tank
- Tax Amount
- $1,384
- Water Source
- Public
- Year Built
- 1999
- Zoning
- Commercial
- Type
- Multifamily
Mortgage Calculator
Listing courtesy of Parker Peery Properties.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.