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117 Cedarwood Dr
Lebanon, TN 37087
The Reserve at Lebanon · Multifamily Property For Sale
·
40 Units
Investment Highlights
- $585,000 spent on capital improvements with the last 18 months
- 16 of 40 units have been renovated, allowing the opportunity to capitalize on proven rent premiums
- Rents are currently $113 below the market rate, offering immediate value-add potential
- Community amenities include a dog park, picnic area, and grill
Property Facts
| No. Units | 40 | Lot Size | 3.33 AC |
| Property Type | Multifamily | Building Size | 36,961 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2024 |
| Building Class | C | Parking Ratio | 4.07/1,000 SF |
| Zoning | None | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.33 AC |
| Building Size | 36,961 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2024 |
| Parking Ratio | 4.07/1,000 SF |
| Zoning | None |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Range
- Carpet
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | - | 616 |
| 2+1.5 | 15 | - | 938 |
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