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Home For Sale Tennessee Martin 2305
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Multiplex For Sale By Owner

8 Units Adjacent to College - 100% Leased




501 Lee Street , Martin, Tennessee 38237 United States
Description

Unique income streaming opportunity in college town. These units are in high demand with a waiting list. Units are 100% leased out. Owner is ready to retire. Current rental income is $54,000 per year. Total investment is only $504,000. 6 units on one property are only 5 years old and two units on a separate property are only 3 years old so there are no major upcoming maintenance issues that are known. There is also a seperate lot adjacent to the 2 units zoned and approved for multifamily housing that is also for sale if you are ready for expansion.

Price: $504,000
Property Sub-Type: Multiplex
Year Built : 2007
Listing ID: 2305

Map of: 501 Lee Street , Martin, Tennessee 38237 United States

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