116 Summer St, Martin, TN 38237
116 Summer St, Martin, TN 38237
116 Summer St, Martin, TN 38237
116 Summer St, Martin, TN 38237
116 Summer St, Martin, TN 38237
116 Summer St, Martin, TN 38237
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Jeff Lucas

Jeff Lucas

+1(615) 207-5602
Listed by Dessie Hardee • RE/MAX Realty Source
$ 425,000
Est. payment | /mo

2,710 SqFt

Save
$ 425,000
Est. payment | /mo
Save

2,710 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,710 sqft

Price per Sqft $156

MLS Listing ID 3179490

HOA Y/N No

Year Built 1947

Annual Tax Amount $1,461

Lot Dimensions 88X59.0

Property Description

Quadplex investment opportunity in Martin, TN just minutes from UT Martin and conveniently located near shopping, dining, and everyday amenities. This fully renovated property features four units, including two spacious 2 bed 1 bath units and two 1 bed 1 bath units, offering a versatile unit mix that appeals to a wide tenant base. Extensive renovations have been completed throughout all four units, making this a true turnkey opportunity. Exterior improvements include vinyl siding, replacement windows, updated lighting, fresh paint, and enhanced landscaping for strong curb appeal. Interior updates feature new paint, updated trim and doors, modern light fixtures, new mini blinds, and a combination of refinished hardwood floors and durable vinyl plank flooring in kitchens, bathrooms, and hallways. Kitchens have been upgraded with new cabinetry, butcher block countertops in select units, and appliances including stoves and refrigerators. Bathrooms have been refreshed with new vanities, fixtures, commodes, and tub surrounds. Major system updates include HVAC in all units, updated electrical with new panels and meters, and plumbing improvements including new water heaters and updated lines where needed. The property also includes a finished shared laundry room with two washer hookups and two dryer hookups, adding convenience for tenants. Units 1 and 2 offer larger layouts with living rooms, dining areas, and additional space, while Units 3 and 4 provide efficient upper-level living with finished interiors. One unit is currently tenant-occupied (24-hour notice required), providing immediate income potential. With strong rental demand driven by proximity to UT Martin, this property is well-positioned for consistent occupancy and long-term returns. Large units, quality renovations, and a prime in-town location make this a standout addition to any investor's portfolio.

Location

State TN

County Weakley County

Zoning Commercial

Interior

Heating Other

Cooling Wall/Window Unit(s)

Flooring Luxury Vinyl

Fireplace N

Exterior

Utilities Available Water Available

View Y/N false

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick,Vinyl Siding

New Construction false

Schools

Elementary Schools Martin Elementary

Middle Schools Martin Middle School

High Schools Westview High School

Others

Senior Community false

Special Listing Condition Standard

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NEARBY SCHOOLS & PROPERTIES

Jeff Lucas

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(615) 207-5602

jeff@thelucasgrouptn.com

131 Saundersville Rd, Suite 130, Hendersonville, TN 37075, United States

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116 Summer St