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!
Closed
$550,000
107 Penny Ln, Martin, TN 38237
8beds
4baths
8,766sqft
Multi Family
Built in 1996
-- sqft lot
$540,000 Zestimate®
$63/sqft
$1,191 Estimated rent
Home value
$540,000
$470,000 - $610,000
$1,191/mo
Zestimate® history
Owner options
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$1,191/mo
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$1,191/mo
Rent Zestimate®
Refinance and save
$3,171/mo
Est. payment
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$3,171/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Brian Truman 615-260-2121,
SVN Accel Commercial Real Estate,
Kunal Patel 731-613-5487,
SVN Accel Commercial Real Estate
Bought with:
Brian Truman, 338568
SVN Accel Commercial Real Estate
Kunal Patel, 364618
SVN Accel Commercial Real Estate
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2591291
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 8,766
- Total interior livable area: 8,766 sqft
- Finished area above ground: 8,766
Property
Features
- Levels: One
- Stories: 2
Details
- Parcel number: 072G A 00200 000
- Zoning: COM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
Condition
- New construction: No
- Year built: 1996
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & neighborhood
Location
- Region: Martin
- Subdivision: Ridge Top
HOA & financial
Other financial information
- Total actual rent: 2000
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2024 | Sold | $550,000-8.2%$63/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2591291 Report a problem | ||
| 2/9/2024 | Pending sale | $599,000$68/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2591291 Report a problem | ||
| 2/6/2024 | Listed for sale | $599,000$68/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2591291 Report a problem | ||
| 1/27/2024 | Pending sale | $599,000$68/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2591291 Report a problem | ||
| 12/21/2023 | Listed for sale | $599,000$68/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2591291 Report a problem | ||
| 11/21/2023 | Pending sale | $599,000$68/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2591291 Report a problem | ||
| 11/8/2023 | Listed for sale | $599,000+7886.7%$68/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2591291 Report a problem | ||
| 10/23/1995 | Sold | $7,500$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,464 +9.1% | $135,560 |
| 2024 | $4,091 | $135,560 |
| 2023 | $4,091 -15.2% | $135,560 +4.7% |
| 2022 | $4,827 | $129,520 |
| 2021 | $4,827 | $129,520 |
| 2020 | $4,827 +10.4% | $129,520 |
| 2019 | $4,374 | $129,520 |
| 2018 | $4,374 +0.1% | $129,520 +7.7% |
| 2017 | $4,368 | $120,280 |
| 2016 | $4,368 | $120,280 +0% |
| 2015 | $4,368 | $120,271 |
| 2014 | $4,368 -0.5% | $120,271 |
| 2012 | $4,390 +4.3% | $120,271 +1.1% |
| 2011 | $4,208 | $118,924 |
| 2010 | $4,208 | $118,924 |
| 2009 | $4,208 | $118,924 |
| 2008 | $4,208 -11.8% | $118,924 |
| 2007 | $4,769 +19.2% | $118,924 +13.2% |
| 2006 | $4,001 +0.8% | $105,014 +0.8% |
| 2005 | $3,969 +3.8% | $104,176 |
| 2002 | $3,823 | $104,176 |
| 2001 | -- | $104,176 -53.3% |
| 2000 | -- | $223,271 |
Find assessor info on the county website
Neighborhood: 38237
Nearby schools
GreatSchools rating
- NAMartin Primary SchoolGrades: PK-2Distance: 0.9 mi
- 7/10Martin Middle SchoolGrades: 6-8Distance: 3 mi
- 7/10Westview High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Martin Elementary
- Middle: Martin Middle School
- High: Westview High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Tennessee
- Weakley County
- Martin
- 38237
- 107 Penny Ln
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