Turnkey All-Brick
721 Kent Dr Lebanon, TN 37087
For Sale
Contact for pricing
Fully renovated all-brick duplex with two 2-bedroom, 1-bath units and individual utility meters.
Property Size1,682 SF
Price / SF$222.95
Days on Market130
Property Features for 721 Kent Dr
General Information
- Standard status
- Active
- Size
- 1,682 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1967
Listing Agency:
California Home Team
Listed By:
Wade Wright · License #371347
Source:
Crexi
Added: Mar 17
Changed: Jul 23
Last Checked: Jul 23 at 12:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of California Home Team
Investment Insights
Based on property information with market context.
Turnkey, income-producing all-brick duplex with two fully updated residential units. Each unit offers 2 bedrooms and 1 full bathroom, with interior updates that include wood and laminate flooring. The property has durable, low-maintenance finishes and includes shared washer and dryer hookups, along with individual utility meters for each unit.
Significant capital improvements have been completed by the current owner, including a new roof in 2020 and brand-new HVAC systems in 2024 and 2025. Tenants are responsible for all utilities, including electricity, water, sewer, and lawn care.
This is a self-contained rental setup designed for straightforward operations, with a fully renovated duplex configuration and separate metering for each unit.
Significant capital improvements have been completed by the current owner, including a new roof in 2020 and brand-new HVAC systems in 2024 and 2025. Tenants are responsible for all utilities, including electricity, water, sewer, and lawn care.
This is a self-contained rental setup designed for straightforward operations, with a fully renovated duplex configuration and separate metering for each unit.
Key Highlights
- All‑brick duplex built in 1967 with two 2‑bedroom, 1‑bath units
- Fully renovated interiors with updated flooring including wood and laminate
- New roof in 2020 plus brand‑new HVAC systems in 2024 and 2025
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.1k | $17.88 |
| − Vacancy | −$1.7k | −$1.04 |
| EGI | $28.3k | $16.84 |
| − OpEx | −$8.5k | −$5.05 |
| NOI | $19.8k | $11.79 |
1,682 SF · lease $17.88/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$283.3K
$247.9K – $330.5K
NOI $19,831 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$263.1K
$230.2K – $307.0K
NOI $18,417 @ 7.0% cap · market cap 4.91%
Theoretical Best
Warehouse
$2.21M
$1.93M – $2.57M
NOI $154,395 @ 7.0% cap · market cap 41.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully renovated all-brick duplex with two 2-bedroom, 1-bath units and individual utility meters.
Where is this duplex located?
The property is located at 721 Kent Dr Lebanon, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: All‑brick duplex built in 1967 with two 2‑bedroom, 1‑bath units; Fully renovated interiors with updated flooring including wood and laminate; New roof in 2020 plus brand‑new HVAC systems in 2024 and 2025
