825 Verles Road, Medon, TN 38356
- Added:
- Nov 10, 2025
- Days on Market:
- 235
- Last Refresh:
- Jul 3 at 9:06 am
Property Features for 825 Verles Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 10
- Parking features
- Open
- Patio and Porch features
- Porch
- Interior features
- Laminate Counters, Tub Shower Combo
- Exterior features
- Dog Run
- Appliances
- Electric Range, Electric Water Heater
- Standard status
- Active
- APN
- 019 021.01
- Size
- 5,000 SF
- Lot size
- 21.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 529
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating)
- Cooling system
- Ceiling Fan(s), Central Air, Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1990
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Vinyl, Laminate, Carpet
- Building materials
- Metal Siding
- Roof type
- Metal
- Additional Structures
- Kennel/Dog Run
Listing agent Jennifer Keats License #348298 (731) 733-3656
Listing office RE/MAX Realty Source 200 B. Stonebridge Blvd., Jackson, TN (731) 668-7500
Listing date Nov 10, 2025
Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 21.04‑acre income‑producing property in Medon, TN with five mobile homes
- Up to $4,000/month in rental income; four homes currently leased and one is move‑in ready
- Each home is updated/refreshed (details not specified) for new tenant or owner occupancy
- Metal siding construction and metal roof
- Utilities include well water and septic tank sewer
- Homes include electric range and electric water heater, plus central air and heating by electric
Overview
Located at 825 Verles Road in Medon, TN 38356, the site is in Hardeman County. The listing notes convenient access to Jackson and Henderson, which can be relevant for tenants, visitors, and day-to-day property management.
For investors and buyers seeking an income-producing residential asset, the configuration allows for multiple rental streams within one property. The current leasing position plus the availability of a move-in ready unit may appeal to operators looking to stabilize occupancy while preparing for future tenanting. For an owner-occupant, the ability to live in one of the homes while maintaining rental income from the other leased units may offer practical flexibility, subject to the terms and conditions of the existing tenancies.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $10.08 |
| − Vacancy | −$3.4k | −$0.69 |
| EGI | $47.0k | $9.39 |
| − OpEx | −$21.1k | −$4.23 |
| NOI | $25.8k | $5.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Medon
- County
- Madison
- State
- Tennessee
- Longitude
- -88.905689
- Latitude
- 35.402295
