David Childers - Commercial Real Estate Showcase

David Childers Property Listings
Residential Investment Advisors
2821 Lebanon Pike
Suite 204
Nashville, TN 37214

478 S Water Avenue - Belle Water

Gallatin, TN 37066 - Sumner County MF Submarket

Property Type:Multi-Family Number of Units:26 Status:Existing Year Built:1965
Stories:3 Building Size:15,909 SF Land Area:.52 AC (22,651 SF)
For Sale Price:$1,275,000 Price/Unit:$49,038.46 Cap Rate:8.47 % GRM:-

Parking:1.05 Parking Spaces / 1,000 SF

Sale Notes:
Belle Water Apartments is a 25 unit property located a half mile south of downtown Gallatin, TN. Within the year approximately $100,000 was spent in renovations and property improvements. 14 units have been renovated and re-leased.
The property features plenty of onsite parking and a laundry room. With brick and vinyl exterior means low maintenance for many years to come.
New ownership will continue to add value renovating units as they become vacant. This is a great turnkey operation for an investor. Property management is in place if new ownership would like to continue the business relationship or it could easily be self-managed.

Property Features:
1/2/3 Bedroom - 1 bathroom Units
Stove and Fridge
Hotel style heating and cooling
Onsite laundry / additional income
Renovated units
Plenty of parking
Very little landscape to maintain
Tenants paid electric
Close to downtown Gallatin, TN

Residential Investment Advisors
David Childers
(615) 479-8737

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