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    OFF-MARKET
    Small apartment buildings

    404 Johnson St, Newbern, TN 38059

    2,856 SF Built 2005
    Property ID
    US80-0767455
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 2005
    Total area 2,856 SF
    UPID US80-0767455
    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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