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Harding Glen Condominium Complex 270 Tampa Dr 126 Unit Apartment Building $6,500,000 ($51,587/Unit) Nashville, TN 37211
Executive Summary
126 Condo Units | Heavy Value Add | 1970 Vintage
Price is $6.5M Plus Limited Seller Rollover Equity
Harding Glen at 207 Tampa Drive is a 126 condominium community in Nashville, Tennessee built in 1970.
126 Total Units
73 Units that are actively renting
31 Condemned Units
16 Vacant Lots (build-back units)
6 units Under Construction (70% Complete)
Current Rent Roll: $67,000/Month in Place
Unit Mix — Income-Producing & Condemned
1 Bed / 1 Bath – Garden Walk-Up: 728 SF
2 Bed / 2 Bath – Garden Walk-Up: 1,096 SF
2 Bed / 2.5 Bath – Townhome: 1,152 SF
3 Bed / 2.5 Bath – Townhome: 1,496 SF
Additional unit size shown on master: 1,085 SF
Investment highlights
Appraised Value: $140,000 / unit
Single Community, One HOA
1970 Vintage
Divisible — Sold in Whole or in Portions
Path Exists to Purchase of Additional 40 units & Achieve HOA Control
Creative Deal Structure
50% occupancy
1 million in capex needed per condo special assessment
Price is $6.5M Plus Limited Seller Rollover Equity
Harding Glen at 207 Tampa Drive is a 126 condominium community in Nashville, Tennessee built in 1970.
126 Total Units
73 Units that are actively renting
31 Condemned Units
16 Vacant Lots (build-back units)
6 units Under Construction (70% Complete)
Current Rent Roll: $67,000/Month in Place
Unit Mix — Income-Producing & Condemned
1 Bed / 1 Bath – Garden Walk-Up: 728 SF
2 Bed / 2 Bath – Garden Walk-Up: 1,096 SF
2 Bed / 2.5 Bath – Townhome: 1,152 SF
3 Bed / 2.5 Bath – Townhome: 1,496 SF
Additional unit size shown on master: 1,085 SF
Investment highlights
Appraised Value: $140,000 / unit
Single Community, One HOA
1970 Vintage
Divisible — Sold in Whole or in Portions
Path Exists to Purchase of Additional 40 units & Achieve HOA Control
Creative Deal Structure
50% occupancy
1 million in capex needed per condo special assessment
Property Facts
| Price | $6,500,000 | Building Class | B |
| Price Per Unit | $51,587 | Lot Size | 7.60 AC |
| Sale Type | Investment | Building Size | 30,400 SF |
| No. Units | 126 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Garden | ||
| Zoning | RM20 | ||
| Price | $6,500,000 |
| Price Per Unit | $51,587 |
| Sale Type | Investment |
| No. Units | 126 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.60 AC |
| Building Size | 30,400 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1971 |
| Zoning | RM20 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $452,345 | |
| Land Assessment | $194,250 | Total Assessment | $646,595 |
Property Taxes
Parcel Numbers
Land Assessment
$194,250
Improvements Assessment
$452,345
Total Assessment
$646,595
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