324 Walton Ferry Rd - Apartments FOR SALE


Hendersonville, TN 37075 | 
$3,045,250 USD
615-973-5373
324 Walton Ferry Rd, Hendersonville, TN for Sale
$3,045,250 USD
Apartments - FOR SALE
1/32
null | 6.35% Cap Rate

324 Walton Ferry Rd
Hendersonville, TN 37075


HIGHLIGHTS

  • 16-unit multifamily asset located in Hendersonville, one of Nashville’s strongest suburban rental markets.
  • Significant capital improvement program with $336,718 invested over the past 48 months.
  • 15 of 16 units have been renovated, limiting near-term capital expenditure needs.
  • All of the windows have been replaced within the last 36 months
  • Roofs were replaced within the past 24 months
  • 14 of 16 HVAC systems have been replaced within the past six years.

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/308488/autumn-pointe-townhomes Marcus & Millichap has been selected to exclusively market for sale the Autumn Pointe Townhomes in Hendersonville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a growing Nashville submarket. The Autumn Pointe Townhomes offers investors the opportunity to acquire a 16-unit multifamily asset in Hendersonville, one of the Nashville area’s most desirable suburban rental markets. The property has undergone significant interior improvements, with 15 of 16 units renovated, while recent capital expenditures include the replacement of 14 HVAC systems within the past six years. Consisting entirely of two-bedroom, one-and-a-half-bath units with washer/dryer connections, the property benefits from a highly functional unit mix and durable construction features, including slab foundations, copper wiring, and copper and PEX plumbing throughout. The asset also offers efficient utility management through tenant-paid electricity and a bill-back program for water service, helping reduce overall operating expenses. 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 Autumn Pointe Townhomes.

FOR SALE DETAILS

PRICE

$3,045,250 USD

PRICE/SF

$197 USD /SF

# OF UNITS

16

PRICE/UNIT

$190,328

CAP RATE

6.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Autumn Pointe Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

Residential

APN/PARCEL ID

163E-E-002.00

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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