Building Details

Year Built 1978

Listing Agency: RE/MAX Realty Source

Listed By: Clear Choice Realty Show Phone

Source: Clearchoicerealtytn

Added: Oct 9 Changed: Oct 15 Last Checked: Oct 14 at 10:42PM

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Investment Insights

Based on property information with market context.

This duplex contains 1,711 square feet across two units and was built in 1978. Both units are currently rented, providing an existing residential income setup.

The property is located at 1061 Phelps Ln in Milan, Tennessee. Tenant privacy is requested; property access should be arranged with an agent present.

Key Highlights

• Two units, both currently rented
• 1,711 square feet of residential space
• Built in 1978

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Plumbing Service Bakery HVAC Service Spa & Massage Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

154

Businesses Nearby

Explore this area Business Placement

Demographics for 38358, TN

12,153

Population

5,113

Households

2.4

Avg Household Size

40

Median Age

18%

College-Educated

89%

High-School Grad

82.7 sq mi

ZIP Area

147

Density / Sq Mi

$65,537

Median Household Income

$39,429

Median Earnings

$808

Median Rent

$157,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - The two-unit property offers 1,711 square feet of residential space in Milan.

Where is this duplex located?

The property is located at 1061 Phelps Ln Milan, TN.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Two units, both currently rented; 1,711 square feet of residential space; Built in 1978