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501-507 Cedarmont Dr Four Units 501 Cedarmont Dr 4 Unit Apartment Building $1,599,900 ($399,975/Unit) 7.43% Cap Rate Antioch, TN 37013
Executive Summary
Owner Finance available with 10% Down. INCREDIBLE OPPORTUNITY - Price Negotiable - 16 Bedrooms, 16 Bathrooms! OVER $118,000 annual gross rents! FOUR 4-bed / 4-bath units COMPLETELY renovated! See photos - beautifully renovated just prior to leasing all four units. This opportunity will not last! Turn Key 4 Plex in a phenomenal location. EVERYTHING IS BRAND NEW! New roof, new HVACs, new everything... Where are you going to find FOUR four-bedroom four-bath units in one location that have already been renovated? Includes two separate lots and the four units 501, 503, 505 and 507 Cedarmont Dr. The properties are only available for sale together as a package. Fantastic Property. Two of the current leases are Section 8. The entire property qualifies for Section 8 vouchers. Two of the four units are on long-term leases for $2700 per month each.
Property Facts
| Price | $1,599,900 | Building Class | B |
| Price Per Unit | $399,975 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 7.43% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2023 |
| Property Subtype | Apartment | ||
| Zoning | RS10 - Residential | ||
| Price | $1,599,900 |
| Price Per Unit | $399,975 |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2023 |
| Zoning | RS10 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 4 | - | 1,250 |
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Property Taxes
| Parcel Number | 173-01-0-099 | Improvements Assessment | $117,240 |
| Land Assessment | $16,400 | Total Assessment | $133,640 |
Property Taxes
Parcel Number
173-01-0-099
Land Assessment
$16,400
Improvements Assessment
$117,240
Total Assessment
$133,640
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501-507 Cedarmont Dr Four Units | 501 Cedarmont Dr
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