605 Highway 64 Waynesboro, TN 38485
This exceptional mixed-use property located at 605 Highway 64 W, Waynesboro, TN 38485, presents a prime investment opportunity in Wayne County. Offered at $750,000, this 0.72-acre lot boasts a newly remodeled six-unit apartment complex, ideal for both seasoned and novice investors seeking immediate income generation. The property features six units, each offering 750 square feet of living space, complete with two bedrooms and one bathroom. Extensive renovations have been completed throughout, encompassing new wiring, plumbing, roofing, siding, and fresh concrete on the rear patios. A significant portion of the complex is a completely new build, ensuring modern construction and efficiency. All units include existing appliances, including washers and dryers, providing immediate tenant occupancy. The property's prime location and move-in ready condition promise strong rental demand and a high return on investment. This turn-key opportunity is ready for immediate income generation. Don't miss this chance to acquire a profitable and well-maintained multi-unit property in a desirable Tennessee location.
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.