502 Johnson St Newbern, TN 38059
- Apartment buildings
- 4,704 SF
Current Use by Public Records
- Apartment buildings
Property Details for 502 Johnson St
- Year built
- 1986
- Property size
- 4,704 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a six-unit apartment building located at 502 E Johnson Street in Newbern, Tennessee. Built in 1986, this single-story property boasts a substantial 4,704 square feet of living space, spread across six units. Each unit offers a comfortable layout featuring two bedrooms and one bathroom, complete with a kitchen equipped with a stove and refrigerator. The units are furnished, providing immediate rental income potential. The property benefits from a durable metal roof, ensuring long-term protection and minimizing maintenance costs. Adding to its appeal is a detached garage/shop situated at the rear of the property, offering additional storage or potential for workshop use. The lot size is not specified. This six-plex is priced at $288,900 and presents a strong value proposition for investors seeking a multifamily property in the Dyer County, Tennessee market. The property's existing tenant base and furnished units contribute to a potentially streamlined transition for new ownership. The property's location in Newbern, TN, zip code 38059, offers convenient access to local amenities and services. Further details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newbern
- County
- Dyer
- State
- Tennessee
- Longitude
- -89.2657
- Latitude
- 36.1088
