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629-299-2386
SimpliHŌM
587 Baker Rd, Martin, TN 38237
- $3,599,997
- 870
- SqFt
- List Price
- $3,599,997
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 113
- Price Change
- ▼ $199,903 1790991857
- MLS#
- 3276724
- Subtype
- Residential Income
- Year Built
- 1995
- Living Area
- 870
- Subdivision
- N/A
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.
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Additional Information
- Taxes
- $20,517
- Zoning
- Commercial
- Flooring
- Carpet, Laminate
- Heating
- Central
- Air Conditioning
- Central Air
- Stories
- 2
- Levels
- Two
- School District
- Westview High School
- Elementary School
- Martin Elementary
- Middle School
- Martin Middle School
- High School
- Westview High School
Courtesy of Tennessee Property Group. 9312092819
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.