For Sale
$2,800,000

1299 Wood StParis, TN 38242

8-unit apartment complex, developable land

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity in Paris, Tennessee, presents a unique multi-parcel offering. The property includes an eight-unit apartment building currently operating at 88% occupancy, built in 1993 and 1950, encompassing a total of 6,297 square feet across two one-story buildings. The complex offers 12 parking spaces. In addition to the apartment building, the sale includes 9.705 acres of developable land, zoned for commercial use, providing significant potential for future expansion or development. A 1,100 square foot house, also commercially zoned, is included in this sale. The entire property sits on 12.73 acres and is designated by APN numbers 095N F 049.1; 095 F 044.00; 095N F 025.01. The asking price for this fee-simple ownership is $2,800,000. This mixed-use property presents a compelling value-add opportunity for investors seeking a diverse portfolio in a growing area. The property is located at 1299 E Wood St, Paris, TN 38242. Professional photos will be available soon.

Highlights

  • $2,800,000 asking price for a value-add investment opportunity.
  • Multi-parcel sale encompassing an eight-unit apartment complex, 9.705 acres of developable land, and a 1,100 square foot commercially-zoned house.
  • 8-unit apartment building with 88% occupancy, totaling 6,297 square feet.
  • Property includes 12 parking spaces across two buildings built in 1950 and 1993.
  • 12.73-acre lot with commercial zoning in Paris, TN.

Property Details for 1299 Wood St

Property type
Mixed-use properties, Land
Square Feet
6,297 SF
Class
C
Buildings
2
Stories
1
Lot Size (sq. ft)
554,519 SF
Units
8

Location Insight

City
Paris
County
Henry
State
Tennessee
Latitude
36.3052084
Longitude
-88.2992272
1299 Wood St, Paris, Tennessee

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1299 Wood St
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