15-101 Village Ln
Crossville, TN 38555
Village Lane Apts 8.51% CAP · Multifamily Property For Sale
·
64 Units
Property Facts
| No. Units | 64 | Lot Size | 11.00 AC |
| Property Type | Multifamily | Building Size | 66,400 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1993 |
| Building Class | C | ||
| Zoning | MF | ||
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.00 AC |
| Building Size | 66,400 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Zoning | MF |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Courtyard
- Laundry Facilities
- Maintenance on site
About 15-101 VILLAGE LN , CROSSVILLE, TN 38555
VALUE ADD, Year 1 CAP 10 % + with a current CAP of 8.51%. Village Arms Apartments is a 60-unit complex located in beautiful Crossville, Tennessee where both industry and leisure are thriving. Construction began in 1993 and was completed in 2000 and includes garden home apartments and townhouses. Village Arms offers large units, above average construction, upgraded flooring, appliances and interiors. Superior maintenance and a superb location to both the industrial sector of Crossville and its direct connection to Centennial Park, Crossville's premier recreation park, make this property ideal for an investor looking for value add through lease up. Every vacant unit has been made rent ready and is in above average condition for the market. Property offers an additional 5 + / - acres zoned for commercial construction. Crossville has a very limited amount of new supply with no new supply in Class B and C properties and the immediate market occupancy averages 98 percent. These strong indicators and the forecast for Crossville's economic environment suggest room for immediate rent growth with new leases and renewals.
Property Taxes
| Parcel Numbers | Improvements Assessment | $252,240 | |
| Land Assessment | $19,200 | Total Assessment | $271,440 |
Property Taxes
