1070 Florence Rd | Savannah, TN 38372
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- LoopNet Team
1070 Florence Rd
Savannah, TN 38372
May Rose Place · Multifamily Property For Sale
·
64 Units
INVESTMENT HIGHLIGHTS
- EXCELLENT AMI GROWTH IN HARDIN COUNTY WITH AN OVERALL INCREASE OF 27.85% SINCE 2017
- THE LIHTC RESTRICTIONS ARE SET TO EXPIRE IN 2033
- WELL OPERATED ASSET WITH AN OCCUPANCY RATE OF NEARLY 98% OVER THE TRAILING-12 MONTHS
- SAVANNAH IS LOCATED ON THE TENNESSEE RIVER AND JUST 20 MINUTES NORTH OF PICKWICK LANDING STATE PARK, PROVIDING NUMEROUS OUTDOOR RECREATIONAL OPPORTUNI
PROPERTY FACTS
| No. Units | 64 | Building Size | 58,617 SF |
| Property Type | Multifamily | Average Occupancy | 84% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2003 |
| Building Class | B | Parking Ratio | 2.15/1,000 SF |
| Lot Size | 6.49 AC | ||
| Zoning | B2 | ||
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.49 AC |
| Building Size | 58,617 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built | 2003 |
| Parking Ratio | 2.15/1,000 SF |
| Zoning | B2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Views
- Walk-In Closets
- Carpet
- Smoke Free
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Clubhouse
- Laundry Facilities
- Picnic Area
- Playground
- Breakfast/Coffee Concierge
- Grill
- Package Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 48 | $625.00 | 911 |
| 3+2 | 16 | $698.00 | 911 - 1,092 |
PROPERTY TAXES
| Parcel Number | 083P-B-012.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,452,440 |
PROPERTY TAXES
Parcel Number
083P-B-012.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,452,440
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