2 White St Athens, TN 37303-3547
This exceptional mixed-use property at 2 N White Street in Athens, Tennessee presents a lucrative investment opportunity. The 3,780 square foot building sits on a 0.05-acre lot at a prime corner location at the intersection of Jackson Street and Courthouse Square. The property boasts a strong rental history with immediate income potential for the new owner. The main level features a street-level storefront currently leased to a children's clothing store for $1,500 per month. Upstairs, the building includes two renovated two-bedroom apartments, each generating $1,200 in monthly rent. Additionally, a newly renovated one-bedroom apartment on the ground floor provides an additional $800 in monthly rental income. This translates to a substantial total monthly rental income of $4,100. The previous owner completed significant renovations, updating the storefront space and the apartments to a high standard. The property's excellent location and strong tenant occupancy make this a rare find in the Athens market. Serious inquiries should provide adequate notice to allow for tenant scheduling. This is a turnkey investment ready to generate immediate returns.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.