806 N Cumberland St - Apartments FOR SALE


Lebanon, TN 37087
$2,799,000 USD
615-948-2209
806 N Cumberland St, Lebanon, TN for Sale
$2,799,000 USD
Apartments - FOR SALE
1/9
null | 6.11% Cap Rate

806 N Cumberland St
Lebanon, TN 37087


HIGHLIGHTS

  • Leased below Market Rate
  • Great Location North of Lebanon Square
  • Value Add Opportunity

OVERVIEW

Tremendous opportunity in this value add property. All units have been recently renovated, rented well below market rates. Opportunity to convert onside office into an additional 1 bedroom unit. Laundry facility could be utilized for additional income. Lebanon, TN is one of the fastest growing cities in the United States. Assumable 3.37% loan.

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

28

PRICE/UNIT

$99,964

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cumberland Hill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CG

APN/PARCEL ID

058L-H-009.00

ASK ABOUT THIS PROPERTY

Russell ParrishParrish & Associates, IncMore Info
615-948-2209

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Russell ParrishParrish & Associates, IncMore Info
615-948-2209

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