405 Oak St | Lawrenceburg, TN 38464
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- LoopNet Team
405 Oak St
Lawrenceburg, TN 38464
Grand Oak Apartments · Multifamily Property For Sale
·
56 Units
INVESTMENT HIGHLIGHTS
- DESIRABLE UNIT MIX: 1's, 2's, 3's, & 4 Bedroom Units
- ON-SITE LEASING OFFICE, MAINTENANCE ROOM, LAUNDRY FACILITY, AND DOG PARK
- STRONG RENTAL MARKET WITH MINIMAL MARKET RATE APARTMENTS AVAILABLE, THIS ALLOWS OWNERSHIP TO CONTROL RENTS IN THE MARKET
- LOSS-TO-LEASE: $100+ IN POTENTIAL RENT INCREASES PER UNIT
- OVER $83K+ SPENT IN MAJOR CAPITAL EXPENDITURE OVER THE LAST 8 MONTHS
- LOCATED ON QUIET STREET
PROPERTY FACTS
| No. Units | 56 | Building Size | 45,500 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2022 |
| Building Class | C | Parking Ratio | 2.46/1,000 SF |
| Lot Size | 5.17 AC | ||
| Zoning | MULTIFAMILY (40+ UNITS) | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.17 AC |
| Building Size | 45,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2022 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | MULTIFAMILY (40+ UNITS) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $664.50 | 757 |
| 2+1 | 16 | $746.50 | 757 |
| 3+1 | 18 | $805.00 | 900 |
| 4+1 | 2 | $915.00 | 950 |
PROPERTY TAXES
| Parcel Number | 078G-D-037.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $320,156 |
PROPERTY TAXES
Parcel Number
078G-D-037.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$320,156
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