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0 Baths
4,479 sqft

$580,000

1063 - 1065 & 1085 - 1087 Craig Drive, Milan TN, 38358

Price per sqft$129.49
Built in1985
Property size4,479 sqft
Property typeMulti-family

Overview

Active

Listed Aug 26, 2026

Updated Sep 3

DUPLEX INVESTMENT OPPORTUNITY! This package includes two well-maintained duplexes totaling 4 units, offering an excellent opportunity for both seasoned investors looking to expand their portfolio and first-time investors looking to establish a strong foundation in rental real estate. The properties currently generate $5,950 in combined monthly rental income, or approximately $71,400 annually, with tenants responsible for their own utilities. The majority of the units have received recent interior improvements, including new LVP flooring, fresh paint, updated fixtures and faucets, providing clean and appealing rental spaces. The 1063-1065 duplex features a new architectural shingle roof, while Unit 1065 has received additional improvements including a new HVAC system, stainless steel appliances, and granite countertops. The 1085-1087 duplex has also received significant updates, including new LVP flooring, fresh paint, updated fixtures and faucets, and a new stove in 1087. Unit 1063 has received fresh paint and remains a solid opportunity for an investor who may want to add their own cosmetic improvements over time. Both duplexes feature separate gas and electric meters, allowing tenants to pay their own utilities. Each unit also offers private outdoor space and additional utility storage, with back decks at 1063-1065 and covered back patios at 1085-1087. The 1063-1065 duplex includes two one-car carports and a storage shed. Current leases are in place through 2027, providing an investor with established rental income from day one. With four income-producing units, strong current rental income, recent improvements throughout three of the four units, a new roof on 1063-1065, newer HVAC systems, and tenant-paid utilities, this package presents an attractive opportunity to add to an existing rental portfolio—or take the first step into real estate investing with an established income-producing property.

$3,859/mo

Est. mortgage payment based on a $580,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2604062

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.64 Acres

Other Property Details

Taxes
$4,452
Tax Frequency
Annually
MLS provider logo

Listed by Adam Parker Arnold with L A Realty,LLC
Listing Contact: 731-695-0708 

The IDX display contains information sourced from the Central West Tennessee Association of REALTORS® as of 9/3/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Central West Tennessee Association of REALTORS® all rights reserved.

Data last updated on 9/3/2026 at 4:42 AM UTC

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