2323 N Jackson St, Normandy, TN 37360

$950,000

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List Price
$950,000
Status
ACTIVE
MLS#
3510850
Days on Market
32
Lot Size
123,274
Acres
2.83
County
Coffee County

Property Description

Excellent investment opportunity just on the outskirts of Tullahoma approximately 1/2 mile from Lowe’s. This clean, well-maintained motel is currently operating at full capacity with zero vacancy and strong income potential. Property features 17 units, each offering a little over 300± sq ft, plus a spacious main office/residence approximately 1,932± sq ft complete with kitchen and bath. Recent updates include a new roof, new vinyl siding, updated flooring, remodeled bathroom tubs, newer refrigerators and microwaves, updated septic system, and additional improvements throughout. Each unit currently generates approximately $300–$400 per week in rental income. Additional upside potential available with room to add up to 8 camper/RV spaces for expanded revenue opportunities. Turnkey income-producing property in a growing area with convenient access to shopping, restaurants, and major employers. Great opportunity for investors seeking immediate cash flow and future expansion potential.

Additional Information

Roofing Material
Shingle
Subtype
Mixed Use
Year Built
1956
Zoning
Commercial
Type
Commercial

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Calculator source: Real Geeks

Listing courtesy of Real Broker.

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