1202 McDonald St Active Save Request In-Person Tour Request Virtual Tour
Fayetteville,TN 37334
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,826 sqft
Price per Sqft $0
Subdivision Lincoln Addn
MLS Listing ID 2925895
Year Built 2024
Annual Tax Amount $446
Property Description
FINAL CALL!!! Seller says bring your highest and best written offer by Thursday, September 25th at 12:00pm CST. Listing price does not reflect a guaranteed sales price, and is being used for marketing purposes only. Pre-Listing inspection report can be found in the documents section; all items have been addressed. Do not miss your chance at affordable home ownership.
This is an excellent investment opportunity, which allows you to live in one unit while renting out the other (potentially rent the other unit for $1,250/month)—helping offset mortgage costs, and build equity faster. Enjoy the benefits of homeownership with additional rental income, making this property ideal for first-time buyers, down sizers, or investors looking for a smart financial move.
Investors - this has the chance to be a packaged deal with the SFH located just behind duplex at 1200 McDonald St. (MLS - 2925885) boasting a gross CAP Rate around 11%, and brand new, long term rental use investment. This also fits within the 1% investment rule strategy too ($2,5000/month at $225K PP).
Location
State TN
County Lincoln County
Zoning Res
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Carpet,Laminate
Exterior
Utilities Available Electricity Available,Water Available
View Y/N false
Roof Type Asphalt
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction true
Schools
Elementary Schools Ralph Askins School
Middle Schools Fayetteville Middle School
High Schools Fayetteville High School
Others
Special Listing Condition Standard