Baxter, TN 38544 · Putnam County
Listed today · MLS# 1346108
Home Facts
—
Beds
—
Baths
6,400
Sqft
1.20 ac
Lot
About This Property
FANTASTIC 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!
Property Details
Construction
frame, vinyl siding, other
Heating
central, electric
Cooling
central air
Flooring
carpet, vinyl, other, luxury vinyl plank
Appliances
dishwasher
Parking
off street
Market Snapshot
30-Yr Fixed Rate
6.49%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$3,687
20% down · 30-yr fixed · principal & interest only
Location
11279 Nashville Hwy, Baxter, TN 38544
Baxter, TN 38544
36.18606, -85.70665
$114 per sqft
Schools
School information isn’t available for this listing right now.
Walkability
5
Walk
Almost All Errands Require a Car
—
Transit
N/A
2
Bike
Minimal Biking Infrastructure