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191 Welworth Street, Madison, TN 37115

191 Welworth Street

Property Type:
Duplex
|
Tags:
Madison
Bed:
4
Bath:
2
Living Area:
1324 Sqft
ARV:
$240,000+
Price

$189,999

No items found.
  • Side A
  • 2 Bedrooms/1 Bathroom
  • Tenants month-to-month
  • Side B
  • 2 Bedrooms/1 Bathroom
  • Tenants month-to-month
  • Utilities: Tenant pays, Separate Water and Electric
  • Zoned RS7
  • Located in the Economic Opportunity Zone
  • Exit Strategy: BRRRR Method
  • Full renovation, $25K per side, would allow for rents between $1,100-$1,200/unit
  • With an ARV of $240K, this small renovation would easily put you at the 1% rule

  • Foundation: No known issues
  • Roof: Less than 2 years old
  • Windows: Need replacing
  • HVAC: Baseboard heat and window units
  • Kitchen: Needs updating
  • Bathrooms: Need updating
  • Floors: Mix of tile, hardwood, and laminate

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