716 E Oak St

You must see this remodeled duplex in one of the most transforming areas of East Downtown. Shelby Park is projected to grow 13% over the next year. Current tenant paying $675/ month for 1 bedroom 1 bath unit downstairs (leased through 1/2021). 2nd unit occupying 2nd and 3rd levels average $1980 +/- monthly in Airbnb rental income. New construction, newly remodeled homes combined with a resurgence in commercial, restaurants, and parks offer room for growth. Minutes from the Highlands. This property was gutted, taken down to the studs, and almost completely redone in 2010 with new drywall, new electrical, new spacious kitchens and gorgeous cabinetry, along with new heating, central air, and roof (2009). This great property also has a mix of refinished, glistening wood floors paired with modern flooring. New, utility efficient replacement windows were added, and the third level was finished out as well. Nice size refurbished garage in back creates a fenced courtyard with patios. The downstairs unit has one bedroom and one full bath. The upstairs unit has potentially three bedrooms, with two full baths, including an upgraded owner's suite with a remodeled full bath. Separately metered. Perfect opportunity to own a great home, and let someone else help pay your mortgage, or for an investor to buy in at the right time with an improving rental base. This Duplex could also be easily converted back to a single home residence and would offer a family the chance to have a four-bedroom, three full bath home including owner suite. Electric and Gas metered seperately.