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Listed by David D Greene • Crye-Leike, Inc., REALTORS
$200,000
Est. payment /mo
3 Beds
1 Bath
1,080 SqFt
Hold
1826 Palmyra Rd Palmyra, TN 37142
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Hold
Purchase Type For Sale
Square Footage 1,080 sqft
Price per Sqft $185
MLS Listing ID 3000987
Bedrooms 3
Full Baths 1
HOA Y/N false
Year Built 1961
Annual Tax Amount $935
Lot Size 2.930 Acres
Property Sub-Type Single Family Residence
Property Description
Fantastic investment opportunity in Palmyra! This property at 1826 Palmyra Rd., Palmyra, TN 37142 offers nearly 3 acres of land with a 1,080 sq. ft. home featuring 3 bedrooms and 1 bath. The home is full of potential—whether you choose to renovate and modernize, expand for additional bedrooms and baths, or start fresh with your own design.
A complete renovation without adding square footage could potentially net $250 per square foot, pushing the after-repair value to $300,000 or more. For investors, the options don't stop there—consider subdividing the land for an additional home, adding a garage, or developing a shop house. The acreage provides flexibility for multiple exit strategies, making this a versatile investment.
The location also boosts long-term value. With quick access to downtown Clarksville, Austin Peay State University, the Cumberland River, and Kentucky Lake, the area offers strong appeal for both rental and resale markets.
Whether your focus is fix-and-flip, rental portfolio growth, or redevelopment, this property delivers the kind of potential investors look for. Opportunities like this move quickly—don't wait to explore the upside here. This property is subject to court approval, and this language would need to be in any offers with an extended timeline. Also, this property will not accept any government-backed loans such as FHA, VA or USDA.
A complete renovation without adding square footage could potentially net $250 per square foot, pushing the after-repair value to $300,000 or more. For investors, the options don't stop there—consider subdividing the land for an additional home, adding a garage, or developing a shop house. The acreage provides flexibility for multiple exit strategies, making this a versatile investment.
The location also boosts long-term value. With quick access to downtown Clarksville, Austin Peay State University, the Cumberland River, and Kentucky Lake, the area offers strong appeal for both rental and resale markets.
Whether your focus is fix-and-flip, rental portfolio growth, or redevelopment, this property delivers the kind of potential investors look for. Opportunities like this move quickly—don't wait to explore the upside here. This property is subject to court approval, and this language would need to be in any offers with an extended timeline. Also, this property will not accept any government-backed loans such as FHA, VA or USDA.
Location
State TN
County Montgomery County
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace N
Appliance Oven, Range, Dishwasher, Refrigerator
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Private
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Cumberland Heights Elementary
Middle Schools Montgomery Central Middle
High Schools Montgomery Central High
Nearby Locations
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