$700,000
Baxter, TN 38544
MLS# 1346105
11 beds | 6400 sqft
1 / 58
Property Description
FANTASTIC INVESTMENT OPPORTUNITY with immediate income potential & room to grow! Situated on approximately 1.2 acres, this unique property features 5 apartment units plus a detached storage building with endless possibilities. Apartments include (3) 800 sqft 2BR/1BA units, (1) spacious 1300 sqft 3BR/1BA unit, & (1) 1100 sqft 2BR/1BA unit currently under renovation. A former 1600 sqft store has been converted into one large storage unit & could easily be divided into multiple units for additional rental income. Major updates already completed including PEX plumbing & new 50-gallon water heaters in all apartments. Property is currently on well water with city water available at the road. Conveniently located just 20 minutes to Cummins Falls State Park or Downtown Cookeville & only an hour to BNA. Excellent location for long-term rental demand. 48-hour notice required for all showings. Schedule your tour today!
Details
Maps
Contract Info
Auction Y/N: No
Listing Price: 700000
Current Price: $700,000
Status: Active
Listing Date: 2026-06-26
Location, Tax & Legal Info
Area: Putnam County - 53
Property Sub-Type: Residential
City/County Code: County
Total Tax: 1065.33
General Property Description
Type: 2 Story
# Bedrooms: 11
Lot Dimensions: Approx 1.2 Acres
Lot Size SqFt: 52272
Acres: 1.2
Acre Source: Tax Records
# of Rooms: 15
Restrictions: No
Site Built: Yes
Fireplace: No
Property Status: N/A
SqFt - Main Lvl: 4000
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 2400
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: No
Basement: No
Bonus Room: No
SqFt - Total (Aprox): 6400
Baths - Full: 5
Year Built: 1988
Remarks & Misc
Directions: From PCCH: go W on E Spring St / US-70N W, go straight to stay on US-70N W, drive about 11 miles, property will be on your R, see sign! (If you pass Cole's Country Store on your L, you've gone too far).
Public Remarks: FANTASTIC INVESTMENT OPPORTUNITY with immediate income potential & room to grow! Situated on approximately 1.2 acres, this unique property features 5 apartment units plus a detached storage building with endless possibilities. Apartments include (3) 800 sqft 2BR/1BA units, (1) spacious 1300 sqft 3BR/1BA unit, & (1) 1100 sqft 2BR/1BA unit currently under renovation. A former 1600 sqft store has been converted into one large storage unit & could easily be divided into multiple units for additional rental income. Major updates already completed including PEX plumbing & new 50-gallon water heaters in all apartments. Property is currently on well water with city water available at the road. Conveniently located just 20 minutes to Cummins Falls State Park or Downtown Cookeville & only an hour to BNA. Excellent location for long-term rental demand. 48-hour notice required for all showings. Schedule your tour today!
Atchd/Dtchd Type
Detached: 1
Style
Contemporary: 1
Construction
Frame: 1
Siding
Vinyl: 1
Other: 1
Fireplace
None: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Luxury Vinyl Plank: 1
Vinyl: 1
Other: 1
Garage/Parking
Off-Street Parking: 1
Basement
Slab: 1
Lot Description
Corner Lot: 1
Irregular Lot: 1
Fuel
Electric: 1
View
Country Setting: 1
Heat
Central: 1
Other: 1
Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Smoke Detector: 1
Exterior Features
Deck: 1
Misc Features
Internet Available: 1
Washer/Dryer Connect: 1
Sewer
Septic Tank: 1
Water
Well: 1
New Financing
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 11279
Street Name: Nashville
St Suffix: Hwy
State/Province: TN
Zip Code: 38544
PIN #: 036 00801 000
Geo Lat: 36.186045
Geo Lon: -85.706643
Status Change Info
Status Change Date: 2026-06-26
Property Features
Style: Contemporary
Construction: Frame
Siding: Vinyl; Other
Basement: Slab
Lot Description: Corner Lot; Irregular Lot
View: Country Setting
Fireplace: None
Floors: Carpet; Luxury Vinyl Plank; Vinyl; Other
Fuel: Electric
Heat: Central; Other
Cooling: Central Cooling
Appliances: Dishwasher; Range; Refrigerator; Smoke Detector
Sewer: Septic Tank
Water: Well
Misc Features: Internet Available; Washer/Dryer Connect
Exterior Features: Deck
Showing: See Agent Instructns
New Financing: Cash; Conventional
IDX
Listing Office: Elevate Real Estate
Last Updated: July - 23 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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