BEDS3
BATHS1 full
SQUARE FEET1,080
MLS#3000987
STATUSActive
PROPERTY TYPEResidential - Single Family
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.
Listing Video
Property Features
Property Type: Residential - Single Family
Basement: Crawl Space
Cooling: Central Air
Heating: Central
Lot Size: 2.93 Acres
Stories: 1.0
Taxes: $935
Year Built: 1961
Feature Descriptions
Appliances: Oven, Range, Dishwasher, Refrigerator
Days on Site: 172
Exterior: Vinyl Siding
Flooring: Vinyl
Parcel#: 063114 03000 00018114
Sewer: Septic Tank
Utilities: Water Available
Water: Private
Local Schools
High School: Montgomery Central High
Middle School: Montgomery Central Middle
Elementary School: Cumberland Heights Elementary
Listed By / Shown By
Listed By
Agency Name: Crye-Leike, Inc., REALTORS
Agency Phone: (931) 801-8556
Agent Name: David Greene
Source: Nashville MLS
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Estimated Payment
$ 581.36 per month $445.11 Principal & Interest $77.92 Property Tax $58.33 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 3,200+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1826 Palmyra Rd | MLS# 3000987
This single family home located at 1826 Palmyra Rd, Palmyra, TN 37142 is currently listed for sale by Crye-Leike, Inc., REALTORS, with an asking price of $200,000. This property was built in 1961 and has 3 bedrooms and 1 full baths with 1080 sq. ft. Search Palmyra real estate on www.clhomes.com today.