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1601 Herman St
Nashville, TN 37208
The Vibe at Marathon · Multifamily Property For Sale
·
68 Units
Property Facts
| No. Units | 68 | Lot Size | 1.13 AC |
| Property Type | Multifamily | Building Size | 70,610 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1972/2017 |
| Zoning | RM20 | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.13 AC |
| Building Size | 70,610 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2017 |
| Zoning | RM20 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Detector
About 1601 HERMAN ST , NASHVILLE, TN 37208
Capstone Apartment Partners is pleased to present the opportunity to acquire The Vibe at Marathon Village: a 68-unit apartment community, which recently underwent a complete, $4.4M+ renovation. Having recently stabilized, The Vibe at Marathon Village is primed and ready for new ownership to capitalize on the many remaining opportunities to increase NOI. The Vibe at Marathon Village is conveniently located less than five minutes from downtown Nashville, Tennessee, and is less than a mile from Amazon’s newly announced 1.1M SF Global Operations Center. It is also less than a 10-minute walk to Nashville Yards and Capitol View. Additionally, the asset is situated in an Opportunity Zone, which places it in the crosshairs of one of the highest velocity transforming areas of Nashville.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 572 - 574 |
| 2+1 | 42 | - | 669 - 718 |
| 5+2 | 9 | - | 1,450 |
| 4+2 | 1 | - | 1,450 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,003,000 | |
| Land Assessment | $828,000 | Total Assessment | $4,831,000 |
Property Taxes
