126 Walton Ferry Rd - Apartments FOR SALE


Hendersonville, TN 37075
$5,948,850 USD
615-973-5373
126 Walton Ferry Rd, Hendersonville, TN for Sale
$5,948,850 USD
Apartments - FOR SALE
1/56
null | 6.11% Cap Rate

126 Walton Ferry Rd
Hendersonville, TN 37075


HIGHLIGHTS

  • Significant capital improvement program with $998,336 invested over the past 48 months.
  • 24 of 36 units have been renovated, renovations mostly include white cabinetry, stainless-steel appliances, vinyl flooring, and updated bathrooms.
  • 33 of 36 HVAC systems have been replaced since 2020.
  • All windows were replaced within the last 36 months.
  • All six building roofs were replaced between 2019 and 2024.
  • Extensive exterior improvements include full mansard siding replacement, exterior paint, stair repairs, and landscaping upgrades.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,948,850 USD

PRICE/SF

$165 USD /SF

# OF UNITS

36

PRICE/UNIT

$165,246

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walton Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

TC-C

APN/PARCEL ID

163D-C-004.00

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.