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The View at South Ridge 100 S Ridge Dr 32 Unit Apartment Building For Sale 6.50% Cap Rate Woodbury, TN 37190
INVESTMENT HIGHLIGHTS
- Assumable Agency Debt: 5.14% fixed rate, interest-only through 2027, ~6 years remaining on term
- Post-affordable asset —prime for lease-up and income upside.
- DEAL ROOM LINK: https://theviewatsouthridge.sharplaunch.com/
- 6.5% cap on Adjusted In Place T-12
- 20 minutes outside of Middle Tennessee State University in Murfreesboro (MTSU is the largest TN University) (Murfreesboro is the #6 largest city in Te
EXECUTIVE SUMMARY
Adjusted in Place 6.5 Cap || Assumable Debt at 5.14% with 2 years of Interest Only remaining
DEAL ROOM LINK: https://theviewatsouthridge.sharplaunch.com/
MRG Realty Partners is pleased to present The View at South Ridge in Woodbury, TN. This a post-affordable multifamily opportunity positioned for stabilization and long-term growth. Located just 20 minutes from Middle Tennessee State University in Murfreesboro, the property features assumable agency financing at a 5.14% fixed rate, interest-only through 2027. Recent capital improvements include new roofs, HVAC systems, and extensive interior renovations such as LVP flooring and modern finishes. With a newly implemented RUBS program and strong regional rental demand, the property offers investors the opportunity to complete stabilization and capture meaningful income upside.
Reach out to Drew Lekowski
DEAL ROOM LINK: https://theviewatsouthridge.sharplaunch.com/
MRG Realty Partners is pleased to present The View at South Ridge in Woodbury, TN. This a post-affordable multifamily opportunity positioned for stabilization and long-term growth. Located just 20 minutes from Middle Tennessee State University in Murfreesboro, the property features assumable agency financing at a 5.14% fixed rate, interest-only through 2027. Recent capital improvements include new roofs, HVAC systems, and extensive interior renovations such as LVP flooring and modern finishes. With a newly implemented RUBS program and strong regional rental demand, the property offers investors the opportunity to complete stabilization and capture meaningful income upside.
Reach out to Drew Lekowski
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 3.39 AC |
| Cap Rate | 6.50% | Building Size | 24,440 SF |
| No. Units | 32 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1990/2025 |
| Apartment Style | Garden | Parking Ratio | 1.64/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.39 AC |
| Building Size | 24,440 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2025 |
| Parking Ratio | 1.64/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 550 |
| 2+1 | 16 | - | 600 |
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PROPERTY TAXES
| Parcel Number | 046-026.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $736,000 |
PROPERTY TAXES
Parcel Number
046-026.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$736,000
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The View at South Ridge | 100 S Ridge Dr
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