107 Penny Ln, Martin, TN 38237

SVN | Accel Commercial Real Estate is pleased to bring to market this 9 unit portfolio with 2 additional lots to develop more units in Martin, TN. Consisting of 107 & 108 Penny and 203 Hillsboro Rd. These units are townhome style with 2 bedrooms/1 and a half bathrooms. The property is 100% occupied with month to month leases in place well below market rent at $500. Market rent for this unit type in this area ranges from $900-$1000 giving an investor immediate upside. In addition, a potential investor has the opportunity to implement a light value-add strategy in order to achieve rents of $1100-$1250. Nothing has delivered over the past three years, and new supply will remain minimal in the near-term as no new construction is currently underway meaning limited competition. Please contact advisors for more information. Do not disturb tenants at any time!