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Property profile & analytics
OFF-MARKET
Commercial real estate

233 Martin Ridge Ln Gainesboro, TN 38562

3,600 SF 4.5 ac lot Built 1990
Property ID
US80-1267803
Property summary
AI-generated overview

This exceptional Gainesboro, Tennessee property, located at 233 Martin Ridge Ln, 38562, presents a unique investment opportunity. The 3,600 square foot apartment building, constructed in 1990, sits on a generous 4.5-acre lot (APN: 076 070.02) and offers two fully equipped living quarters, each with its own kitchen. The property boasts a finished basement with a separate living area, ideal for multi-generational living or generating rental income via the convenient exterior basement access. Enjoy the benefits of unrestricted land, perfect for various uses. The expansive outdoor space includes a wooded backyard ideal for birdwatching and a spacious front yard suitable for gardening and recreation. The property also features five-car storage options including a carport, detached carport, garage, and RV access/parking. Utilities include natural gas heating, central air conditioning, utility district water, and a septic tank. Electric service is provided by circuit breakers, and water heating is electric. Conveniently located just 10 minutes from Gainesboro and under 20 minutes from Cookeville, this property offers a prime location, affordability, and ample space, making it an attractive investment with significant potential. The asking price is $325,000.

Property profile
Verified
Property type Commercial real estate
Year built 1990
Total area 3,600 SF
Lot 4.5 ac (196,020 SF)
APN 076 070.02
UPID US80-1267803
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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