Listing provided by: Elijah Castelli · Elevate Real Estate
Source: East Tennessee REALTORS® MLS · MLS# 1346105
Listing last updated
About this home
FANTASTIC INVESTMENT OPPORTUNITY with immediate income potential & room to grow! Situated on approximately 1.2 acres, this unique property features 5 apartment units plus a detached storage building with endless possibilities. Apartments include (3) 800 sqft 2BR/1BA units, (1) spacious 1300 sqft 3BR/1BA unit, & (1) 1100 sqft 2BR/1BA unit currently under renovation. A former 1600 sqft store has been converted into one large storage unit & could easily be divided into multiple units for additional rental income. Major updates already completed including PEX plumbing & new 50-gallon water heaters in all apartments. Property is currently on well water with city water available at the road. Conveniently located just 20 minutes to Cummins Falls State Park or Downtown Cookeville & only an hour to BNA. Excellent location for long-term rental demand. 48-hour notice required for all showings. Schedule your tour today!
Facts & features
- Bedrooms: 11
- Bathrooms: 5
- Full bathrooms: 5
- Half bathrooms: 0
- Heating: Central, Other, Electric
- Cooling: Central Cooling
- Included: Dishwasher, Range, Refrigerator
- Flooring: Other, Carpet, Vinyl
- Basement: Slab
- Total rooms: 15
- Total interior livable area: 6,400 sqft
- Parking features: Off-Street Parking
- Attached garage: No
- Size: 1.2 acres · 52,272 sqft
- Dimensions: Approx 1.2 Acres
- Features: Corner Lot, Irregular Lot
- Patio & porch: Deck
- View: Country Setting
- Parcel number: 036 00801 000
- Home type: Single Family
- Property subtype: Single Family Residence
- Structure: 2 Story
- Architectural style: Contemporary
- Materials: Vinyl, Frame, Other
- Year built: 1988
- Sewer: Septic Tank
- Water: Well
- Security: Smoke Detector
- County: Putnam County - 53
- MLS area: Putnam County - 53
- Region: Baxter
- Price: $729,998
- Price per square foot: $114/sqft
- Annual tax: $1,065.33
- Listing terms: Cash, Conventional
- Date on market: Jun 26, 2026
- Days on market: 10
- Status: Active
- MLS #: 1346105
Location
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