Price Reduced ListingFANTASTIC INVESTMENT OPPORTUNITY with immediate income potential & room to grow! Situated on approximately 1.2 acres, this unique property features 5 apartment units plus a detached storage building with endless possibilities. Apartments include (3) 800 sqft 2BR/1BA units, (1) spacious 1300 sqft 3BR/1BA unit, & (1) 1100 sqft 2BR/1BA unit currently under renovation. A former 1600 sqft store has been converted into one large storage unit & could easily be divided into multiple units for additional rental income. Major updates already completed including PEX plumbing & new 50-gallon water heaters in all apartments. Property is currently on well water with city water available at the road. Conveniently located just 20 minutes to Cummins Falls State Park or Downtown Cookeville & only an hour to BNA. Excellent location for long-term rental demand. 48-hour notice required for all showings. Schedule your tour today!
| MLS # | 3250882 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1988 |
| Days On Site | 131 |
| Listing Provided By | Elevate Real Estate | Elijah Castelli |
| SQ Feet | 6,400 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Zoning | Res |
| Acreage | 52272.00 |
| Garage Yes / No | No |
|---|
| Property | 1065 |
|---|
| State | TN |
|---|---|
| County | Putnam County |
| City | Baxter |
| Zip Code | 38544 |
| Area | Putnam County | TN |
| School District | Upperman High School |
| Elementary School | Baxter Primary |
| High School | Upperman High School |
| Listing VS Median (in NA) | |
Price: $575,000 low | high Med: $359,900 sqft: 6,400 low | high Med: 1,650 $ / sqft: $90 low | high Med: $218 On site: 131 low | high Med: 25 | |
| State | TN |
|---|---|
| County | Putnam County |
| City | Baxter |
| Zip Code | 38544 |
| Area | Putnam County | TN |
| School District | Upperman High School |
| Elementary School | Baxter Primary |
| High School | Upperman High School |
| Listing VS Median (in NA) | |
Price: $575,000 low | high Med: $359,900 sqft: 6,400 low | high Med: 1,650 $ / sqft: $90 low | high Med: $218 On site: 131 low | high Med: 25 | |