611 Glenoaks Drive
Property Description
ONLINE ONLY REAL ESTATE AUCTION | Two Homes on One Parcel - Immediate Income-Producing Investment Opportunity | BIDDING BEGINS TO CLOSE: Friday, October 9th at 12:00PM - Noon (ET) | OPEN HOUSE: Wednesday, October 7th at 12:00PM - Noon (ET)| This exceptional investment property offers two separate dwellings on a single parcel, currently generating $2,250.00 per month in rental income on a month-to-month basis -- making it a truly turnkey income-producing opportunity from day one. With a main home, a detached secondary dwelling, and a detached garage, this property delivers outstanding flexibility and value for investors and owner-occupants alike. Main Home - $1,500/Month: The main home features 3 bedrooms and 1 bathroom with beautiful oak flooring throughout most of the home. The comfortable and well-laid-out floor plan includes a living room open to the dining room, additional room that could easily serve as a 4th bedroom if desired, covered front porch, and detached garage. Rented for $1,500.00 per month (month-to-month). Detached Secondary Dwelling - $750/Month: The detached secondary dwelling offers a wonderfully private and self-contained living space situated at the rear of the property, accessed via a separate driveway off the back alley. Featuring 2 bedrooms and 1 bathroom, this charming unit includes a living room, and covered front porch. Rented for $750.00 per month (month-to-month). Two-home parcels generating immediate rental income with separate access, detached garage, and month-to-month tenancy offering flexibility for the new owner are increasingly rare. Whether you're an experienced investor looking to add a solid income-producing asset to your portfolio or a buyer seeking to live in one unit while generating rental income from the other, this property delivers the value, flexibility, and immediate cash flow to make it an outstanding acquisition. Buyer to verify all information. 10% Buyer's Premium added to the high bid to establish the total sales contract price. Kenny Phillips, Auctioneer | TN Lic #2385 - Phillip Hopper, Auctioneer | TN Lic #6709
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| No. of Units: | 2 |
| Year Built: | 1930 |
| Lot Size: | 1,988.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-KAARMLSTN-1356489
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout