138 Hibiscus Dr - Apartments FOR SALE


Ashland City, TN 37015
$975,000 USD
615-267-3788
138 Hibiscus Dr, Ashland City, TN for Sale
$975,000 USD
Apartments - FOR SALE
1/20
null | 5.65% Cap Rate

138 Hibiscus Dr
Ashland City, TN 37015


HIGHLIGHTS

  • Stabilized and well maintained
  • Light value add opportunity
  • Spacious units with W/D hookups

OVERVIEW

Hibiscus 6 is a 6-unit mutifamily property located at 138 Hibiscus Drive in Ashland City. Originally built in 1988 and recently renovated, the property consists of a single building totaling approximately 5,524 square feet. The asset features six 2-bedroom, 1-bath units, each averaging approximately 921 square feet, with functional layouts and in-unit laundry hookups that appeal to today's renters. Opportunity for light turnovers to press market rents as well as implementing RUBS system to recoup owner paid expenses.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

6

PRICE/UNIT

$162,500

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hibiscus 6

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

R

APN/PARCEL ID

055K-F-017.00

ASK ABOUT THIS PROPERTY

Landon HoffmanResidential Investment AdvisorsMore Info
615-267-3788

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Landon HoffmanResidential Investment AdvisorsMore Info
615-267-3788

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