909 Smith St Murfreesboro, TN 37129

Listing details for 909 Smith St, Murfreesboro, TN 37129 : Incredible Investment Opportunity: 909 & 911 Smith St, Murfreesboro, TN Capitalize on the explosive growth of Middle Tennessee with this high-potential duplex. Situated on a generous 0.34-acre lot, this property is a prime "value-add" play for investors looking to secure high-yield assets in a high-demand rental market. Selling Points: Large 0.34-Acre Lot: Ample space for parking and tenant privacy [1]. Massive Equity Ceiling: Recent area sales support high valuations for renovated products. Strong Rental Demand: High-density area near MTSU with historically low vacancy rates [2]. Flexible Strategy: Ideal for a long-term hold, portfolio expansion, or a "house-hack." Don’t miss this chance to acquire a rare multi-family asset in one of the fastest-growing cities in the country. The Location Advantage Perfectly positioned in the heart of Murfreesboro, this property offers unmatched convenience. It is located minutes from Middle Tennessee State University (MTSU) and the historic Murfreesboro Square [2]. Its proximity to major transit routes ensures a consistent tenant pool of students, professionals, and families. Projected Performance (Post-Renovation) With modern updates, this duplex is positioned to command top-of-market rates: Projected Monthly Rent: $1,700 – $1,900 per unit ($3,400 – $3,800 total). Annual Gross Income: Up to $45,600. Market Comparables - New construction duplexes in the immediate Murfreesboro area are currently setting new benchmarks for value. Recent sales for new-build duplexes have ranged from $485,000 to $540,000. Renovating this property allows investors to capture significant equity while staying well below the cost of new construction.