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587 Baker Rd, Martin, TN, 38237

4beds
--baths
870sqft
$4,150,000
$4,770price/sqft
$26,270/moest. monthly cost
$1,050,800/yrincome needed

About This Home

**Income-Producing Property:** This 36-unit apartment complex is situated in the heart of Martin, TN, just 1.2 miles from the University of Tennessee at Martin. This property presents an excellent opportunity to enhance your rental portfolio. Martin is a vibrant university town with various amenities that attract residents to the area. All units are 2-bedroom, 1-bathroom units that feature washer and dryer hookups. Some of the improvements made over the last 12 months include a new roof on buildings A, D, E, H, and J, as well as renovations to 16 units. Additionally, the back deck has been replaced for all 36 units. The current property manager is local and is willing to continue managing the property, facilitating a smooth transition for the new owner.

Getting Around

17
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

--
Martin Primary SchoolGrades PK-21.6 mi
7/10
Martin Middle SchoolGrades 6-81.1 mi
7/10
Westview High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1995

Materials

  • Construction materials: Aluminum Siding,Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: Individual,Electric Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 4

Features

  • Flooring: Carpet,Laminate,Vinyl
  • Finished area above ground: 870

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 870
  • Total interior livable area: 870 sqft

Property

Details

  • Parcel number: 078 03910 000
  • Attached to another structure: Yes
  • Zoning: Commercial
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 2