405 College St, Portland, TN 37148

Prime Portland, TN Investment Opportunity - 9+ Acres | Approved for 18 Duplexes | $900,000nnIntroducing a rare development opportunity in the heart of Downtown Portland, Tennessee-over 9 level, cleared acres across two combined lots, already approved for an 18-duplex build. At just $50,000 per lot, this is one of the most competitively priced multifamily development sites in Middle Tennessee.nn403 COLLEGE STREETnTAX MAPn033A, GROUP AnPARCELnPARCEL 005.01nnnWhy Investors & Builders Will Love Itntt18-Duplex Build ApprovednEngineering and concept approval already in place-dramatically reducing your timeline to break ground.nttLevel & Cleared LandnNo major clearing costs. The topography is ideal for efficient construction, maximizing your ROI.nttImmediate Income StreamnThe property includes an existing home currently rented for $2,000/month, providing turnkey income from day one.nttFlexible Development OptionsnKeep the rental income while you design your project, or move forward with a full build-out.nNote: To achieve the full 18-duplex layout, the existing home will need to be removed or relocated.nttUnbeatable Price PointnOnly $900,000 total - an exceptional value for a ready-to-develop multifamily site in a booming area.nnLocation HighlightsnttSituated in downtown Portland, a growing and highly desirable investment market.nttEasy access to local employers, schools, shops, and Highway 109.nttStrong rental demand in the region, making duplex builds exceptionally profitable.nnnnP