4585 Highway 70 Cedar Grove, TN 38321

This exceptional investment opportunity presents a 1-story, 4,650 square foot apartment building situated on a spacious 65,340 square foot lot at 4585 Highway 70 in Cedar Grove, Tennessee (zip code 38321). Built in 1975, the property boasts 15 bedrooms and 6.5 bathrooms, featuring a large kitchen and eating area with built-in cabinetry, a laundry room, and ample living areas. While requiring some renovations, the property presents significant upside potential. Its previous use as a successful group home living center suggests diverse redevelopment possibilities. The property's location offers convenient access to both Huntingdon and Jackson, with a straightforward route to the interstate. A key advantage is the absence of city taxes. Furthermore, this property is available as a package deal with an adjacent residential property (sold separately), offering a unique opportunity for a larger-scale investment. Rezoning is a possibility, further enhancing its investment appeal. The asking price for this multifamily property is $275,000.