$445,000
$490,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/24/2025
Key Details
Sold Price $445,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2501987
Sold Date 09/24/25
Year Built 1900
Annual Tax Amount $2,247
Lot Dimensions 150X120M
Property Sub-Type Apartment
Source Central West Tennessee Association of REALTORS®
Property Description
Welcome to 109 K St., Martin, TN - a unique 6-unit apartment complex just minutes from the University of Tennessee at Martin. Once a local church, this property has been thoughtfully transformed into a thriving multifamily residence with strong rental history and modern updates throughout.
Each of the six units features 2 bedrooms, 1 bathroom, and convenient in-unit laundry, offering comfort and functionality for tenants. Major renovations include new plumbing, updated flooring, stylish fixtures, and numerous additional improvements that have revitalized the property from top to bottom.
All units are currently leased, generating a total monthly income of $7,030. With utilities included in the rent and paid by the seller, this turn-key investment is not only fully occupied but also highly desirable among renters. The property also offers open parking and a large lot, providing ample space for residents.
Whether you're looking to grow your investment portfolio or step into multifamily real estate ownership, 109 K St. is a rare opportunity in a high-demand rental market near a major university.
Don't miss your chance to own this one-of-a-kind income-producing property—schedule your showing today!
Location
State TN
County Weakley
Zoning R-2 with Exemption
Interior
Heating Central, Forced Air, Natural Gas
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Luxury Vinyl, Vinyl
Appliance Electric Oven, Electric Water Heater, Range, Range Hood, Refrigerator
Heat Source Central, Forced Air, Natural Gas
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Concrete, Open
Utilities Available Sewer Connected, Water Connected
Roof Type Shingle
Street Surface Asphalt
Porch Covered, Front Porch
Road Frontage City Street
Building
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories 1
Structure Type Brick
Schools
Elementary Schools Weakley County
High Schools Weakley County
Others
Tax ID 072I H 002.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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