Paul Carter
BEDS0
BATHS
SQUARE FEET870
MLS#3276724
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Stories: 2.0
Taxes: $20,517
Year Built: 1995
Feature Descriptions
Days on Site: 1
Exterior: Aluminum Siding, Brick
Flooring: Carpet, Laminate
Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Parcel#: 078 03910 000
Sewer: Public Sewer
Units: 36
Utilities: Water Available
Water: Public
Local Schools
High School: Westview High School
Middle School: Martin Middle School
Elementary School: Martin Elementary
Listed By / Shown By
Listed By
Agency Name: Tennessee Property Group
Agency Phone: 9312648219
Shown By
Agent Name: Paul Carter
Agent Phone: (727) 455-6409
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 1,709.75 per month $0.00 Principal & Interest $1,709.75 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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587 Baker Rd | MLS# 3276724
This multi-family property located at 587 Baker Rd, Martin, TN 38237 is currently listed for sale with an asking price of call for price. Search Martin real estate on paulcarter.crye-leike.com today.