587 Baker Road
1 MILE FROM UT MARTIN CAMPUS
Marketing 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.
Investment highlights
Owning an apartment building in a college town can provide steady rental demand, consistent cash flow, and strong long-term investment potential. With a recurring pool of students, faculty, and university staff seeking housing, vacancies are often lower, while the property's value can appreciate over time in a stable, growing market!!
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