404 Johnson StNewbern, TN 38059

Property Details for 404 Johnson St

Year built

2005

Property size (Sq ft)

2,856 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Newbern

County

Dyer

State

Tennessee

Latitude

36.115

Longitude

-89.2578

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