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Lebanon Tennessee Cash Cow
1420 Alhambra Drive, Lebanon, TN 37087
FRont
$1,399,999
20
12,000 SF
$69,999.95
Multifamily
Garden/Low-Rise
Investment
9.10%
100%
2
1988
1.75 AC
-
Find Out More...
Last Verified 2/5/2012
Listing ID 14760174
Highlights
Great Location- Cash Cow
- Onsite Management
- Great Cap Rate
- Room to build 20 more apartments
Description
20 Unit complex in heart of Lebanon, Tennessee the county seat of Wilson County. Lebanon is home to Headquarters of Cracker Barrel Old County Stores and Hartman Luggage both are within walking distance. Wilson County is just east of Nashville Metro Davidson County. Situated 2 miles from Interstate 40. Also available property next door that is approved for another 20-30 unit building for $189,000
DO NOT BOTHER TENANTS OR MANAGER!
19 one bedrom one bath units and 1 two bedroom one bath with pool and tennis courts and coin operated laundry facility. Property also has beautiful home with garage for onsite managers.
Actual
2006
$145,440
$152,000
$34,800
$127,200
| Description | No. Units | Avg. Mo. Rent | Sq. Ft. |
|---|
| 1bedroom 1 bath | 19 | $600 | 590 |
| 2 bedroom 1 bath | 1 | $700 | 700 |
Map of 1420 Alhambra Drive, Lebanon, TN 37087 (Wilson County)
Created 8/22/2006
Additional Information for 1420 Alhambra Drive, Lebanon, TN 37087
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
Asking Price Index Trends for Lebanon, TN Multifamily For Sale
| |
Jan 12 |
vs. 3 mo.
prior |
Y-O-Y |
- State | $38,437 | +4.5% | +3.9% |
- Metro | $56,719 | +3.4% | +10.3% |
View Lebanon Market Trends for other property types for sale or lease. Learn more about the chart info.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO