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Listed by Jessica Stanfield • Tennessee Property Group
$ 4,250,000
Est. payment /mo
Active
587 Baker Rd Martin, TN 38237
870 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 870 sqft
Price per Sqft $4,885
MLS Listing ID 3059099
HOA Y/N No
Year Built 1995
Annual Tax Amount $18,803
Property Description
**Income-Producing Property:** This 36-unit apartment complex is situated in the heart of Martin, TN, just 1.2 miles from the University of Tennessee at Martin. This property presents an excellent opportunity to enhance your rental portfolio. Martin is a vibrant university town with various amenities that attract residents to the area. All units are 2-bedroom, 1-bathroom units that feature washer and dryer hookups. Some of the improvements made over the last 12 months include a new roof on buildings A, D, E, H, and J, as well as renovations to 16 units. Additionally, the back deck has been replaced for all 36 units. The current property manager is local and is willing to continue managing the property, facilitating a smooth transition for the new owner.
Location
State TN
County Weakley County
Zoning Commercial
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Vinyl
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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