311 Market StSomerville, TN 38068
16-Unit Multifamily Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- 16-unit apartment complex in Somerville, TN with 100% occupancy.
- Three renovated one-story buildings, each with a mix of one-bedroom, one-bathroom units.
- Completely renovated in 2023 with modern amenities including laminate flooring and updated appliances.
- 32 assigned parking spaces (two per unit).
- Strong NOI of $74,400 and 8.80% cap rate; asking price $845,900 ($52,869 per unit).
- Prime location near Highways 64 & 76, offering easy access to Memphis and Jackson; includes a one-acre lot.
Property Details for 311 Market St
- Property type
- Apartment buildings
- Square Feet
- 750 SF
- Class
- C
- Year Built/Renovated
- 1980/2023
- Buildings
- 3
- Stories
- 1
- Units
- 16
Location Insight
- City
- Somerville
- County
- Fayette
- State
- Tennessee
- Latitude
- 35.244328221596
- Longitude
- -89.353434042663
Nearby Similar for Sale
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