404 Johnson St, Newbern, TN 38059
This exceptional investment opportunity presents a three-unit apartment building located at 404 E Johnson Street in Newbern, Tennessee. Built in 2005, this single-story property boasts a total of 2,856 square feet and sits on a lot with unspecified dimensions. Each of the three units features two bedrooms and two bathrooms, complete with furnished stoves and refrigerators, providing immediate rental income potential. The property benefits from a recently installed architectural roof, less than two years old, minimizing future maintenance concerns. The asking price for this turnkey multifamily investment is $169,900. Situated in Dyer County, Tennessee, with the zip code 38059, this property offers a compelling opportunity for investors seeking a stable and profitable addition to their portfolio. The property's location provides convenient access to local amenities and services, making it an attractive option for tenants. This well-maintained triplex presents a rare chance to acquire a profitable rental property in a desirable location. The solid construction and recent roof replacement contribute to the property's long-term value and potential for appreciation. Serious inquiries are encouraged to explore this promising investment opportunity further.
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.