Active · MLS#: RTC3244968
$439,900
15030 Highway 49
Vanleer, TN 37181
About this home
INCOME-PRODUCING INVESTMENT OPPORTUNITY! Sale includes a QUADPLEX, DUPLEX, AND AN ADDITIONAL LOT located at 15030 and 15076 Highway 49 W. Offering a total of 6 RENTAL UNITS, this property presents an excellent opportunity for investors looking to expand their portfolio. The quadplex consists of four 1 BEDROOM, 1 BATHROOM units and is ZONED COMMERCIAL. The duplex includes one 2 BEDROOM, 1 BATHROOM unit and one 1 BEDROOM, 1 BATHROOM unit and is ZONED RESIDENTIAL. Recent improvements include Unit 2 in the quadplex with NEW FLOORING, NEW CABINETS, NEW COUNTERTOPS, AND NEW REFRIGERATOR. Unit 4 features NEW FLOORING and a NEWER REFRIGERATOR. The quadplex roof is approximately 5 YEARS OLD. All units are currently occupied. Tenants have completed their initial lease terms and are currently MONTH-TO-MONTH. SECURITY DEPOSITS ARE IN PLACE, and each unit has its own SEPARATE ELECTRIC METER. Current rental income totals approximately $5,450 PER MONTH, with the duplex generating $1,850 PER MONTH and the quadplex generating $3,600 PER MONTH ($900 per unit). SELLER CURRENTLY PAYS UTILITIES, which are reported to be reasonable. Conveniently located LESS THAN 20 MINUTES FROM DOWNTOWN ERIN, this fully occupied property offers immediate cash flow and is ready for its new owner. Opportunities to purchase 6 INCOME-PRODUCING UNITS, AN ADDITIONAL LOT, AND BOTH COMMERCIAL AND RESIDENTIAL ZONING in one package are hard to find. Whether you’re looking to grow your portfolio or add a strong-performing asset to your investment holdings, this property checks all the boxes.
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Property facts
- Units
- 6 units
- Square feet
- 3,780
- Lot acres
- —
- Year built
- 1999
- Garage spaces
- —
- Property type
- Residential Income
- County
- Houston County, TN
Location
Homes nearby
Listed by Parker Peery Properties · MLS#: RTC3244968 · Status: Active
Listings courtesy of RealTracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 8/10/2026, 4:39:00 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID.
