156 Silver St - Apartments FOR SALE


Tullahoma, TN 37388
$2,600,000 USD
615-267-3788
156 Silver St, Tullahoma, TN for Sale
$2,600,000 USD
Apartments - FOR SALE
1/27
null | 5.54% Cap Rate

156 Silver St
Tullahoma, TN 37388


HIGHLIGHTS

  • Stabilized, professionally managed, consistent occupancy and operations
  • Assumable Fannie SBL debt, 4.28% fixed until March 2033
  • Well built, well maintained

OVERVIEW

Lenox Townhomes is a Class A, 16-unit townhome community located at 156 Silver Street in Tullahoma, Tennessee. Built in 2018, the property consists of two well-constructed buildings totaling approximately 18,480 square feet on 1.19 acres. The community features sixteen spacious 2-bedroom, 2.5-bath townhomes, each offering roughly 1,155 square feet of thoughtfully designed living space. Interior finishes include granite countertops, stainless steel appliances, LVP flooring on the main level, carpet upstairs, and in-unit washers and dryers that transfer with the sale. Reach out the the listing agent for OM and detailed financials.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

16

PRICE/UNIT

$162,500

CAP RATE

5.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Assumable Fannie SBL Debt - Lenox Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,672 SF

ZONING

MF2

APN/PARCEL ID

123H-A-022.00

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.