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220 Gifford Pl 20 Unit Apartment Building For Sale Joelton, TN 37080
INVESTMENT HIGHLIGHTS
- Interstate 24 Location Exit 35
- 2-Story All Masonry with Elevator Sprinkler System
- 20 Unit Apartments 100 % Occupied
- Covered Exterior Corridors
EXECUTIVE SUMMARY
Apartment building is located in the NE quadrant of I-24 & Whites Creek Pike. Excellent location for Nashville commute. Multiple covered access ingress/egress areas. Rents are below market rate, offering an upside to future ownership. The apartments are owned and operated by the Gifford Partnership. Ample parking. Located in Joelton, Tennessee. Convenient to Downtown Nashville (14 miles) with proximity to: Nashville Int’l Airport (BNA, 22 miles), Gaylord Opryland Resort & Convention Center (16 miles), and Vanderbilt Hospital (17 miles).
PROPERTY FACTS
| Sale Type | Investment | Building Size | 15,622 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2001 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Low-Rise | Parking Ratio | 2.75/1,000 SF |
| Building Class | C | Cross Streets | White''s Creek Pike |
| Lot Size | 1.30 AC | ||
| Zoning | CS - COMMERCIAL PUD | ||
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 15,622 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 2.75/1,000 SF |
| Cross Streets | White''s Creek Pike |
| Zoning | CS - COMMERCIAL PUD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 18 | $1,396 CAD | 600 |
| Studios | 2 | $1,256 CAD | 500 |
PROPERTY TAXES
| Parcel Number | 022-00-0-201 | Improvements Assessment | $1,056,694 CAD |
| Land Assessment | $63,618 CAD | Total Assessment | $1,120,313 CAD |
PROPERTY TAXES
Parcel Number
022-00-0-201
Land Assessment
$63,618 CAD
Improvements Assessment
$1,056,694 CAD
Total Assessment
$1,120,313 CAD
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220 Gifford Pl
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