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Listed by Chris Ball • Keller Williams Realty
$250,000
Est. payment /mo
2,042 SqFt
Active Under Contract
153 Wade Lane Oak Ridge, TN 37830
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Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,042 sqft
Price per Sqft $122
MLS Listing ID 3148432
Year Built 1943
Annual Tax Amount $2,301
Lot Dimensions 67 x 147 x IRR
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.
Location
State TN
County Anderson County
Interior
Heating Central, Electric
Cooling Wall/Window Unit(s), Central Air, Ceiling Fan(s)
Flooring Wood, Tile
Fireplace N
Exterior
Utilities Available Electricity Available
View Y/N false
Roof Type Other
Building
Structure Type Frame,Vinyl Siding
New Construction false
Schools
Elementary Schools Willow Brook Elementary
Middle Schools Robertsville Middle School
High Schools Oak Ridge High School
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