233 Martin Ridge Ln Gainesboro, TN 38562
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.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.