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Walton Place 126 Walton Ferry Rd 36 Unit Apartment Building $8,192,161 CAD ($227,560 CAD/Unit) 6.11% Cap Rate Hendersonville, TN 37075
Investment Highlights
- Significant capital improvement program with $998,336 invested over the past 48 months.
- 33 of 36 HVAC systems have been replaced since 2020.
- All six building roofs were replaced between 2019 and 2024.
- 24 of 36 units have been renovated, renovations mostly include white cabinetry, stainless-steel appliances, vinyl flooring, and updated bathrooms.
- All windows were replaced within the last 36 months.
- Extensive exterior improvements include full mansard siding replacement, exterior paint, stair repairs, and landscaping upgrades.
Executive Summary
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/308487/walton-place
Marcus & Millichap has been selected to exclusively market for sale The Walton Place Apartments in Hendersonville, TN. This offering will allow a potential investor to purchase a prime multifamily asset in one of Nashville’s rapidly growing suburbs of Hendersonville.
Walton Place offers investors the opportunity to acquire a 36-unit multifamily community in Hendersonville, TN that has undergone nearly $1 million in capital improvements over the past four years. Current ownership has completed extensive exterior and mechanical upgrades, including new roofs, windows, HVAC systems, and renovations to a majority of units. The property provides stable operations with utility bill-back infrastructure already in place and additional upside through continued interior renovations and operational efficiencies.
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 Walton Place.
Marcus & Millichap has been selected to exclusively market for sale The Walton Place Apartments in Hendersonville, TN. This offering will allow a potential investor to purchase a prime multifamily asset in one of Nashville’s rapidly growing suburbs of Hendersonville.
Walton Place offers investors the opportunity to acquire a 36-unit multifamily community in Hendersonville, TN that has undergone nearly $1 million in capital improvements over the past four years. Current ownership has completed extensive exterior and mechanical upgrades, including new roofs, windows, HVAC systems, and renovations to a majority of units. The property provides stable operations with utility bill-back infrastructure already in place and additional upside through continued interior renovations and operational efficiencies.
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 Walton Place.
Property Facts
| Price | $8,192,161 CAD | Building Class | C |
| Price Per Unit | $227,560 CAD | Lot Size | 2.08 AC |
| Sale Type | Investment | Building Size | 32,040 SF |
| Cap Rate | 6.11% | Average Occupancy | 100% |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | TC-C | ||
| Price | $8,192,161 CAD |
| Price Per Unit | $227,560 CAD |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.08 AC |
| Building Size | 32,040 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | TC-C |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 730 |
| 2+1 | 24 | - | 970 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 163D-C-004.00 | Improvements Assessment | $16,470 CAD |
| Land Assessment | $30,461 CAD | Total Assessment | $46,932 CAD |
Property Taxes
Parcel Number
163D-C-004.00
Land Assessment
$30,461 CAD
Improvements Assessment
$16,470 CAD
Total Assessment
$46,932 CAD
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Walton Place | 126 Walton Ferry Rd
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