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200-208 E Palestine Ave 10 Unit Apartment Building $1,950,000 ($195,000/Unit) 7.35% Cap Rate Madison, TN 37115
Investment Highlights
- Fully Occupied
- 7.35 % cap
- New Roofs
Property Facts
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $195,000 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 8,500 SF |
| Cap Rate | 7.35% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RS7.5 - Residential | ||
| Price | $1,950,000 |
| Price Per Unit | $195,000 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2021 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | RS7.5 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 850 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $418,800 | |
| Land Assessment | $190,800 | Total Assessment | $609,600 |
Property Taxes
Parcel Numbers
Land Assessment
$190,800
Improvements Assessment
$418,800
Total Assessment
$609,600
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200-208 E Palestine Ave
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