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Listed by Jessica Stanfield • Tennessee Property Group
$3,899,500
Est. payment /mo
870 SqFt
New
587 Baker Rd Martin, TN 38237
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 870 sqft
Price per Sqft $4,482
MLS Listing ID 3276724
HOA Y/N No
Year Built 1995
Annual Tax Amount $20,517
Property Description
Exceptional Income-Producing Investment Opportunity! This well-maintained 36-unit apartment community is ideally located in the heart of Martin, Tennessee, just 1.2 miles from the University of Tennessee at Martin. Positioned in a thriving college town with strong, consistent rental demand, this property offers an outstanding opportunity to expand or strengthen your investment portfolio.
The complex features thirty-six 2-bedroom, 1-bathroom units, each equipped with convenient washer and dryer hookups. Significant capital improvements have been completed within the past 12 months, including new roofs on Buildings A, D, E, H, and J, renovations to 16 units, and the replacement of all rear decks across the property.
With a local, experienced property manager who is willing to remain in place after the sale, the new owner can benefit from a seamless transition and continued professional management. Whether you're seeking stable cash flow, long-term appreciation, or a value-add investment in a desirable university market, this property is an opportunity you won't want to miss.
The complex features thirty-six 2-bedroom, 1-bathroom units, each equipped with convenient washer and dryer hookups. Significant capital improvements have been completed within the past 12 months, including new roofs on Buildings A, D, E, H, and J, renovations to 16 units, and the replacement of all rear decks across the property.
With a local, experienced property manager who is willing to remain in place after the sale, the new owner can benefit from a seamless transition and continued professional management. Whether you're seeking stable cash flow, long-term appreciation, or a value-add investment in a desirable university market, this property is an opportunity you won't want to miss.
Location
State TN
County Weakley County
Zoning Commercial
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Brick
New Construction false
Schools
Elementary Schools Martin Elementary
Middle Schools Martin Middle School
High Schools Westview High School
Others
Senior Community false
Special Listing Condition Standard
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