407 N College St | Tullahoma, TN 37388
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- LoopNet Team
407 N College St
Tullahoma, TN 37388
The Landings at Red Rock · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- this is a turnkey property with value add component
- Large unit sq ft compared to like properties for competitive marketing.
- Fully implemented RUBS use for allocating utility costs to tenants without submetering each unit
PROPERTY FACTS
| No. Units | 40 | Building Size | 30,896 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2023 |
| Building Class | C | Parking Ratio | 3.4/1,000 SF |
| Lot Size | 3.10 AC | ||
| Zoning | R3 - High density residential | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.10 AC |
| Building Size | 30,896 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
| Parking Ratio | 3.4/1,000 SF |
| Zoning | R3 - High density residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Tenant Controlled HVAC
- Cabana
- Grill
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | $835.00 | 750 |
| 2+1 | 8 | $1,100 | 946 |
PROPERTY TAXES
| Parcel Number | 124F-H-006.01 | Total Assessment | $1,389,100 |
| Land Assessment | $213,391 | Annual Taxes | -$1 ($0.00/SF) |
| Improvements Assessment | $1,175,709 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
124F-H-006.01
Land Assessment
$213,391
Improvements Assessment
$1,175,709
Total Assessment
$1,389,100
Annual Taxes
-$1 ($0.00/SF)
Tax Year
2025
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