665 N College St - Apartments FOR SALE


Trenton, TN 38382
$2,500,000 USD
731-668-7000
665 N College St, Trenton, TN for Sale
$2,500,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

665 N College St
Trenton, TN 38382


OVERVIEW

Cash-flowing 38 unit apartment complex with 16 completely renovated units and monthly rent over $24,000 per month. Conveniently located in the growing city of Trenton, West Tennessee. 19 2 bed/2 bath apartments; the other 19 are 1 bed/1 bath. Units are spread across 6 separate buildings with slab foundations on 4.57 acre property which includes extra land with building potential and a hotel office that could be renovated to be an office or more apartments! 12 units (Ten 1 bed/1 bath; two 2 bed/2 bath) still need renovating and will create at least $10,000 of additional cash flow. Utilities are owner’s responsibility on 11 units. Almost all of the apartments have wall units for heat and air. Approximately 85 total parking spots. The C building has all new plumbing. All new windows in building D. Building F has all new windows as well as new soffits and fascia. Right on the corner of 45 W for an easy commute to growing industry throughout West Tennessee. 50 miles to Blue Oval City and only 30 miles to Jackson, Tn. Rent roll and expenses available upon request. Do not disturb tenants. Don’t miss this incredible investing opportunity!

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

38

PRICE/UNIT

$65,789

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

85

LAND DETAILS

LAND ACRES

4.55 AC

LAND SF

198,314 SF

ZONING

C

APN/PARCEL ID

083 068.00

ASK ABOUT THIS PROPERTY

Ginger WilliamsTown & Country RealtorsMore Info
731-668-7000

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Ginger WilliamsTown & Country RealtorsMore Info
731-668-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.