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Property profile & analytics
OFF-MARKET
Small apartment buildings

546 Morgan Creek Rd Sugar Tree, TN 38380

Property ID
US80-1344350
Property summary
AI-generated overview

This exceptional 23,522.4 square foot property located at 546 N Morgan Creek Road in Sugar Tree, Tennessee, presents a unique investment opportunity. Situated in Decatur County, zip code 38380 (latitude 35.8396919, longitude -88.0203133), this mixed-use land offers versatility for various development projects. Currently classified as farm, apartment building, and residential land, the property's zoning allows for multiple uses, including residential, multifamily, and potentially recreational purposes. The substantial lot size provides ample space for a variety of development scenarios, from expanding an existing residential structure to constructing new multifamily units. The asking price is $69,999. Given its size and location, this property represents a compelling opportunity for investors seeking a multi-faceted investment in a desirable Tennessee location. The property's classification as a duplex/triplex/quadruplex further highlights its potential for rental income generation. Serious inquiries are encouraged to explore the full potential of this unique land parcel. Further due diligence is recommended to confirm zoning regulations and development possibilities.

Property profile
Verified
Property type Small apartment buildings
UPID US80-1344350
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
Current use
Occupant on record · Public records
  • The Ducks Nest Homestead Housing Development
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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