Cap Rate
(T-3) 7.13%
GRM
9.49
Price Per SF
$166
Price Per Unit
$104,464
Units
56
Year Built
1978, 1973, 1988
Leasable Area
35,200 SF
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Traditionally 100% occupied (unit currently undergoing renovation)
- Exceptionally located with immediate proximity to endless demand drivers
- Ability to increase rents with minimal capital investment
- Coin operated Laundry at each building
- Construction: Reinforced Concrete
- All Buildings Exteriors Painted within the last 3 years and continually touched up
- Roofs for Plymouth and Randolph replaced in 2017; Alpha was recently coated with silicone
- Individually Metered Units – Tenants pay directly
- Units painted and touched up as they turn
Broker of Record
- Kyle Matthews
- License No. CQ1066435 (FL)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203