4585 Highway 70 Cedar Grove, TN 38321

Property Details for 4585 Highway 70

Year built

1975

Property size

4,650 SF

Property type

Small apartment buildings

Description

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.