For Sale
$169,900

404 Johnson StNewbern, TN 38059

Three-unit apartment building, excellent return.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a three-unit apartment building located at 404 E Johnson Street in Newbern, Tennessee. Built in 2005, this single-story property boasts a total of 2,856 square feet and sits on a lot with unspecified dimensions. Each of the three units features two bedrooms and two bathrooms, complete with furnished stoves and refrigerators, providing immediate rental income potential. The property benefits from a recently installed architectural roof, less than two years old, minimizing future maintenance concerns. The asking price for this turnkey multifamily investment is $169,900. Situated in Dyer County, Tennessee, with the zip code 38059, this property offers a compelling opportunity for investors seeking a stable and profitable addition to their portfolio. The property's location provides convenient access to local amenities and services, making it an attractive option for tenants. This well-maintained triplex presents a rare chance to acquire a profitable rental property in a desirable location. The solid construction and recent roof replacement contribute to the property's long-term value and potential for appreciation. Serious inquiries are encouraged to explore this promising investment opportunity further.

Highlights

  • Three-unit apartment building in Newbern, TN.
  • 2,856 square feet, single-story construction, built in 2005.
  • Each unit features two bedrooms and two bathrooms with furnished appliances.
  • Recently installed architectural roof (less than two years old).
  • Asking price: $169,900.

Property Details for 404 Johnson St

Property type
Apartment buildings, Small apartment buildings
Square Feet
2,856 SF
Year Built
2005
Stories
1
Units
3

Location Insight

City
Newbern
County
Dyer
State
Tennessee
Latitude
36.1150443
Longitude
-89.2578344
404 Johnson St, Newbern, Tennessee

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404 Johnson St
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