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1890 NW Green Dr
Cleveland, TN 37311
Green Drive Apartments (32-Units) · Multifamily Property For Sale
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32 Units
Investment Highlights
- LOSS-TO-LEASE: RENTS ARE $190 UNDER MARKET
- ALL UNITS ARE 500 SQ FT 1BD/1BA UNITS MAKING UNIT TURNS EFFICIENT & AFFORDABLE
- LOCATED ON A QUITE RESIDENTIAL STREET
- APPROVED PLANS TO DEVELOP 8 MORE TOWNHOME-STYLE UNITS
- DESIRABLE CLEVELAND SUBMARKET WHERE PRICE PER UNIT SALES FOR PAST 6 MONTS EXCEED $100K/UNIT
Property Facts
| No. Units | 32 | Building Size | 16,280 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1972/2013 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Lot Size | 1.56 AC | ||
| Zoning | MULTIFAMILY | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.56 AC |
| Building Size | 16,280 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2013 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | MULTIFAMILY |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | $625.00 | 500 |
Property Taxes
| Parcel Number | 041N-A-008.00 | Improvements Assessment | $224,760 |
| Land Assessment | $22,280 | Total Assessment | $247,040 |
Property Taxes
Parcel Number
041N-A-008.00
Land Assessment
$22,280
Improvements Assessment
$224,760
Total Assessment
$247,040
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