1299 Wood St Paris, TN 38242
This exceptional investment opportunity in Paris, Tennessee, presents a unique multi-parcel offering. The property includes an eight-unit apartment building currently operating at 88% occupancy, built in 1993 and 1950, encompassing a total of 6,297 square feet across two one-story buildings. The complex offers 12 parking spaces. In addition to the apartment building, the sale includes 9.705 acres of developable land, zoned for commercial use, providing significant potential for future expansion or development. A 1,100 square foot house, also commercially zoned, is included in this sale. The entire property sits on 12.73 acres and is designated by APN numbers 095N F 049.1; 095 F 044.00; 095N F 025.01. The asking price for this fee-simple ownership is $2,800,000. This mixed-use property presents a compelling value-add opportunity for investors seeking a diverse portfolio in a growing area. The property is located at 1299 E Wood St, Paris, TN 38242. Professional photos will be available soon.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.