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324 Walton Ferry Rd
Hendersonville, TN 37075
Autumn Pointe Townhomes · Multifamily Property For Sale
·
16 Units
Investment Highlights
- 16-unit multifamily asset located in Hendersonville, one of Nashville’s strongest suburban rental markets.
- 15 of 16 units have been renovated, limiting near-term capital expenditure needs.
- Roofs were replaced within the past 24 months
- Significant capital improvement program with $336,718 invested over the past 48 months.
- All of the windows have been replaced within the last 36 months
- 14 of 16 HVAC systems have been replaced within the past six years.
Executive Summary
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/308488/autumn-pointe-townhomes
Marcus & Millichap has been selected to exclusively market for sale the Autumn Pointe Townhomes in Hendersonville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a growing Nashville submarket.
The Autumn Pointe Townhomes offers investors the opportunity to acquire a 16-unit multifamily asset in Hendersonville, one of the Nashville area’s most desirable suburban rental markets. The property has undergone significant interior improvements, with 15 of 16 units renovated, while recent capital expenditures include the replacement of 14 HVAC systems within the past six years. Consisting entirely of two-bedroom, one-and-a-half-bath units with washer/dryer connections, the property benefits from a highly functional unit mix and durable construction features, including slab foundations, copper wiring, and copper and PEX plumbing throughout. The asset also offers efficient utility management through tenant-paid electricity and a bill-back program for water service, helping reduce overall operating expenses.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of Autumn Pointe Townhomes.
Marcus & Millichap has been selected to exclusively market for sale the Autumn Pointe Townhomes in Hendersonville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a growing Nashville submarket.
The Autumn Pointe Townhomes offers investors the opportunity to acquire a 16-unit multifamily asset in Hendersonville, one of the Nashville area’s most desirable suburban rental markets. The property has undergone significant interior improvements, with 15 of 16 units renovated, while recent capital expenditures include the replacement of 14 HVAC systems within the past six years. Consisting entirely of two-bedroom, one-and-a-half-bath units with washer/dryer connections, the property benefits from a highly functional unit mix and durable construction features, including slab foundations, copper wiring, and copper and PEX plumbing throughout. The asset also offers efficient utility management through tenant-paid electricity and a bill-back program for water service, helping reduce overall operating expenses.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of Autumn Pointe Townhomes.
Property Facts
| Price Per Unit | $190,328 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.11% | Lot Size | 0.74 AC |
| No. Units | 16 | Building Size | 17,168 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Zoning | Residential | ||
| Price Per Unit | $190,328 |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 17,168 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Zoning | Residential |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 16 | - | 1,073 |
Property Taxes
| Parcel Number | 163E-E-002.00 | Improvements Assessment | $635,280 |
| Land Assessment | $184,200 | Total Assessment | $819,480 |
Property Taxes
Parcel Number
163E-E-002.00
Land Assessment
$184,200
Improvements Assessment
$635,280
Total Assessment
$819,480
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