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Browse More Listings in Multifamily For Sale, Lebanon, TN or Tennessee

Multifamily Property For Sale

Lebanon Tennessee Cash Cow

1420 Alhambra Drive, Lebanon, TN 37087

Price:
$1,399,999
No. Units:
20
Building Size:
12,000 SF
Price/Unit:
$69,999.95
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9.10%
Occupancy:
100%
No. Stories:
2
Year Built:
1988
Lot Size:
1.75 AC
Find Out More...

Last Verified 11/8/2009 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.

Financial Summary

Unit Mix Information

Actual
Year
2006
Scheduled Gross Income
$145,440
Effective Gross Income
$152,000
Operating Expenses
$34,800
Net Operating Income
$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)

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Created 8/22/2006

Additional Information for 1420 Alhambra Drive, Lebanon, TN 37087

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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.

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Multifamily Property For Sale - Lebanon Tennessee Cash Cow

1420 Alhambra Drive, Lebanon, TN, 37087