$250,000
Oak Ridge, TN 37830
MLS# 1332532
Status: Coming Soon - No Showings
2042 sqft
1 / 27
Property Description
Investor opportunity in the heart of Oak Ridge. This duplex at 153 Wade Lane offers strong rental potential with two separate units and individual utility meters, making it an ideal addition to a long term rental portfolio. The property features a 3 bedroom 1 bath unit that previously rented for $1,275 per month and a 2 bedroom 1 bath unit that rented for $975 per month. With both units currently vacant, the next owner has the rare opportunity to place tenants at current market rents or house hack by living in one unit while renting the other. Recent improvements include a fully renovated kitchen in one of the units along with new water heaters, helping reduce immediate maintenance concerns and improving tenant appeal. Situated on a generous 0.47 acre lot, the property provides additional space and privacy that is uncommon for many duplexes. Located at the end of the community, the setting offers a quiet and private feel while still being just minutes from Oak Ridge shopping, restaurants, and convenient interstate access for commuting to Knoxville or surrounding employment centers. Separate electric and water meters allow for efficient property management and reduced owner utility expenses, a key advantage for investors focused on maximizing net operating income. Whether you are a seasoned investor looking to add another income producing property or a first time buyer seeking an entry point into real estate investing, this duplex offers strong fundamentals in a stable rental market. Priced at $250,000, this is an opportunity to secure a well located duplex with existing rental history and upside potential in one of East Tennessee's most consistent rental markets. Schedule your showing today and explore the potential this Oak Ridge investment property has to offer.
Details
Maps
Location, Tax & Legal Info
Area: Anderson County - 30
City/County Code: City Limits
Elementary School: Willow Brook
Middle School: Robertsville
Total Tax: 2301.49
High School: Oak Ridge
Contract Info
Auction Y/N: No
General Property Description
Lot Dimensions: 67 x 147 x IRR
Lot Size SqFt: 20473
# Units Leased: 0
Utilities/Mo Avg: 250
Property Status: N/A
Driveway: Parking Lot
Remarks & Misc
Directions: Pellissppi Parkway to Oak Ridge. Turn right onto Hillside Rd. Turn left onto Highland Ave. Turn right onto W Outer Dr. Turn right onto Wabash Ln. Turn left onto Wade Ln. Home is on the left. Sign on property.
Public Remarks: Investor opportunity in the heart of Oak Ridge. This duplex at 153 Wade Lane offers strong rental potential with two separate units and individual utility meters, making it an ideal addition to a long term rental portfolio. The property features a 3 bedroom 1 bath unit that previously rented for $1,275 per month and a 2 bedroom 1 bath unit that rented for $975 per month. With both units currently vacant, the next owner has the rare opportunity to place tenants at current market rents or house hack by living in one unit while renting the other. Recent improvements include a fully renovated kitchen in one of the units along with new water heaters, helping reduce immediate maintenance concerns and improving tenant appeal. Situated on a generous 0.47 acre lot, the property provides additional space and privacy that is uncommon for many duplexes. Located at the end of the community, the setting offers a quiet and private feel while still being just minutes from Oak Ridge shopping, restaurants, and convenient interstate access for commuting to Knoxville or surrounding employment centers. Separate electric and water meters allow for efficient property management and reduced owner utility expenses, a key advantage for investors focused on maximizing net operating income. Whether you are a seasoned investor looking to add another income producing property or a first time buyer seeking an entry point into real estate investing, this duplex offers strong fundamentals in a stable rental market. Priced at $250,000, this is an opportunity to secure a well located duplex with existing rental history and upside potential in one of East Tennessee's most consistent rental markets. Schedule your showing today and explore the potential this Oak Ridge investment property has to offer.
Property Sub-Type
Duplex: 1
Construction
Frame: 1
Type of Units
2 Bedroom Unit: 1
3 or more Bdrm Units: 1
Siding
Vinyl: 1
Sale Includes
Building and Land: 1
Miscellaneous
Porch: 1
Washer/Dryer Cnctns: 1
Cooling
Ceiling Fan(s): 1
Central Cooling: 1
Window Unit(s): 1
Floors
Hardwood: 1
Luxury Vinyl Plank: 1
Tile: 1
Garage/Parking
Off-Street Parking: 1
On Premise Parking: 1
Fuel
Electric: 1
Heat
Central: 1
Appliances
Range: 1
Smoke Detector: 1
Other Rooms
Family Room: 1
Roof
Shingle: 1
Exterior Features
Porch - Covered: 1
Windows - Insulated: 1
Misc Features
Internet Available: 1
Washer/Dryer Connect: 1
New Financing
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Property Features
IDX
Listing Office: Keller Williams Realty
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