138 S Main St Cornersville, TN 37047
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,074 sqft
Price per Sqft $115
MLS Listing ID 3183393
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,616
Lot Dimensions 70X258
Property Description
The property features three units: one 2-bedroom, 1.5-bath apartment and two 1-bedroom, 1-bath units. The one-bedroom apartments are currently tenant-occupied, generating $1,100/month and $1,000/month, and 2 bedroom leased for 1300/mo. With landlord-paid utilities, the property produces over $40,000 in annual gross rental income, and $30,000 net annual income.
Full of character and history, this older home comes with its share of quirks—making it an ideal fit for investors or buyers who appreciate charm and see the potential in a one-of-a-kind property. Live in the larger unit while collecting rental income from the others, or lease all three for a strong income-producing asset.
Positioned on a deep lot, the property may offer the opportunity to build an additional tri-plex or income-producing structure at the rear (buyer to verify zoning, setbacks, and feasibility), creating even more upside and long-term value.
If you're looking for something beyond the typical cookie-cutter rental, this is a rare opportunity to own a truly interesting property with income in place and room to grow.
Location
State TN
County Marshall County
Zoning Commercial
Interior
Heating Radiant
Cooling Wall/Window Unit(s)
Flooring Wood, Laminate
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 3
Sewer Private Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Cornersville Elementary
Middle Schools Cornersville School
High Schools Cornersville School
Others
Senior Community false
Special Listing Condition Standard
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