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.
| MLS # | 3276724 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1995 |
| Days On Site | 104 |
| Listing Provided By | Tennessee Property Group | Jessica Stanfield |
| SQ Feet | 870 |
|---|---|
| Story(s) | 2 |
| Units | 36 |
| Zoning | Commercial |
| Garage Yes / No | No |
|---|
| Property | 20517 |
|---|
| State | TN |
|---|---|
| County | Weakley County |
| City | Martin |
| Zip Code | 38237 |
| Area | Weakley County | TN |
| Community Name | n/a |
| School District | Westview High School |
| Elementary School | Martin Elementary |
| High School | Westview High School |
| Listing VS Median (in n/a) | |
Price: $3,599,997 low | high Med: $365,000 sqft: 870 low | high Med: 1,802 $ / sqft: $4,138 low | high Med: $203 On site: 104 low | high Med: 3 | |
| State | TN |
|---|---|
| County | Weakley County |
| City | Martin |
| Zip Code | 38237 |
| Area | Weakley County | TN |
| Community Name | n/a |
| School District | Westview High School |
| Elementary School | Martin Elementary |
| High School | Westview High School |
| Listing VS Median (in n/a) | |
Price: $3,599,997 low | high Med: $365,000 sqft: 870 low | high Med: 1,802 $ / sqft: $4,138 low | high Med: $203 On site: 104 low | high Med: 3 | |