Cap Rate
7.18%
GRM
7.71
Price Per SF
$141
Price Per Unit
$138,830
Units
47
Year Built
1975
Leasable Area
46,213 SF
Term Remaining
± YRS
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- 47-Units, Built in 1975
- Gross Building Square Footage of 46,213
- Average Unit: 983 SF
- Consists of: (12) One Bedroom/One Bathrooms (17) Two Bedrooms/Two Bathrooms, and (18) Three Bedrooms/Two Bathrooms
- Current Avg Rents: $1,330 | Market Avg Rents: $1,414
- Lot Size: 5.34 Acres
- Density: 9 Units/AC
- APN: Multiple
- Utilities included in HOA
- HOA Fees (Budget Below)
- Granite Counter Tops, LTV Flooring, Upgraded Fixtures including Soft Close Cabinets.
- Stainless Steel Appliances – Stove, Microwave, Dishwasher & Refrigerator
- Central HVAC
- Ample Closet Space & Walk-In Pantry
- Cable Ready Units
- Outside Patio Porches & Balconies
- 24-units out of the 47 have been renovated
Broker of Record
- Bill Pedersen
- License No. 80041 (GA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203