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Investment Highlights

  • Interstate 24 Location Exit 35
  • 2-Story All Masonry with Elevator Sprinkler System
  • Excellent location for Nashville commute
  • 20 Unit Apartments 100 % Occupied
  • Covered Exterior Corridors

Executive Summary

Apartment building is located in the NE quadrant of I-24 & Whites Creek Pike. Excellent location for Nashville commute. Multiple covered access ingress/egress areas. Rents are below market rate, offering an upside to future ownership. The apartments are owned and operated by the Gifford Partnership. Ample parking. Located in Joelton, Tennessee. Convenient to Downtown Nashville (14 miles) with proximity to: Nashville Int’l Airport (BNA, 22 miles), Gaylord Opryland Resort & Convention Center (16 miles), and Vanderbilt Hospital (17 miles).

Property Facts

Sale Type Investment
Sale Condition Bulk/Portfolio Sale
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.30 AC
Building Size 15,622 SF
Average Occupancy 100%
No. Stories 2
Year Built 2001
Parking Ratio 2.75/1,000 SF
Cross Streets White''s Creek Pike
Zoning CS - COMMERCIAL PUD

Amenities

Unit Amenities

  • Air Conditioning
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 20 $950.00 500 - 600
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
022-00-0-201
Land Assessment
$45,320
Improvements Assessment
$1,126,000
Total Assessment
$1,171,320
  • Listing ID: 35186806

  • Date on Market: 3/19/2025

  • Last Updated:

  • Address: 220 Gifford Pl, Joelton, TN 37080

Contact the Sale Advisor

20 Unit Apartment Building | 220 Gifford Pl

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