587 Baker Rd, Martin, TN 38237
- $3,899,500
- 870
- SqFt
- List Price
- $3,899,500
- MLS#
- 3276724
- Days on Market
- 14
- Property Type
- Multifamily
- Sqft. of Residence
- 870
- County
- Weakley County
- Status
- ACTIVE
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.
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Additional Information
- Construction Type
- Aluminum Siding, Brick
- Cooling System
- Central Air
- Elementary School
- Martin Elementary
- Floor Types
- Carpet, Laminate
- Heating System
- Central
- High School
- Westview High School
- Junior High School
- Martin Middle School
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 870
- Number Of Stories
- 2
- Sewer System
- Public Sewer
- Subdivision
- N/A
- Tax Amount
- $20,517
- Water Source
- Public
- Year Built
- 1995
- Zoning
- Commercial
- Type
- Multifamily
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Listing courtesy of Tennessee Property Group.
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