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Active 124 days on market

11279 Nashville Hwy

Baxter, TN 38544 · Putnam County

$599,998

$46,000 price cut · Sep 30

Sq ft
6,400
Acres
1.2
Built
1988

Listing courtesy of Elevate Real Estate · MLS #1346108

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

Home

Type
Residential Income
Year built
1988
Living area
6,400 sq ft
Parking
Off Street

Interior

Flooring
Carpet, Vinyl, Luxury Vinyl Plank
Appliances
Dishwasher

Exterior

Construction
Frame, Vinyl Siding

Land

Lot size
1.2 acres
Deed restrictions
None

Utilities

Heating
Central, Electric

Listing

MLS #
1346108
Status
Active
On market
124 days
Listed
Jun 26, 2026
Finances
Property tax
County only
Outside city limits
HOA
None
No association dues
Price per sq ft
$94
6,400 sq ft

Price history

Sep 30, 2026
Price cut
$599,998 −$46,000
Before
Listed
$645,998

Accepted

  • Cash
  • Conventional

Instant pre-approval

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Call (865) 535-7119
Location
County
Putnam
ZIP
38544

Drive times

  • Cookeville 25 min
  • Crossville 60 min
Approximate, by road

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Listing courtesy of Elevate Real Estate. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1346108.