Overview

18 unit apartment complex w/ 4000 sq. ft. commercial office building. Both buildings are all brick w/ low maintenance vinyl sophets...roof less than 24 months old / seperately metered w/ tenants paying all utilities. Apartment complex is 100% occupied w/ waiting list...additional acreage @ rear of apartments suitable for expansion...20-30 extra units possible.

Commercial office building is under a three year lease @ $3,000 per month w/ (3) year newable option @ $3,500 per month w/ RE/MAX Real Estate...NOTE: RE/MAX has been the same tenant for many years, and has no desire to relocate.

Fronting Memorial Blvd. w/ 40,000 plus traffic count. These units are within walking distance of major retail shops and resturants...Kroger, TSC, Wal-Mart, Wal Greens, Rite Aid, Applebee's, McDonalds, Krystals, O'Charley's, Lowe's, Belk, Goody's, U.S. Bank, just to name a few.


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Map Location Sale Price: $1,350,000
Similar Active Listings No. Units 18
Email Listing Cap Rate 8.70%
Save to Catalog Building Size: 20,000 SF
  Total Land Size: 1.8 Acres
  Last Updated 4/4/2008
     
     
     

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Commercial Real Estate Services | 1517 Hunt Club Blvd | Gallatin, TN 37066 | 615-390-2727