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Stanley Village Townhomes 100 Henry Dr

66 Unit Apartment Building $16,500,000 ($250,000/Unit) 5.64% Cap Rate Burns, TN 37029

Executive Summary

66 units - 1200 sq ft - 2 bed 2.5 bathroom
Brand New Class A Build-to-Rent (BTR) Townhome Community
Amenities Include: Dog Park, BBQ Grills, Picnic Area with Fire Pit, Kids Playground, and Outdoor Cornhole
All Utilities Separately Metered
Limited New Inventory in the Market with Very Strong Demand
Rents at $1800 with Average Household Income Within 1 Mile Averaging $109k
Seller Willing to Stay in Deal as 10% Owner

Property Facts Under Contract

Price $16,500,000
Price Per Unit $250,000
Sale Type Investment
Cap Rate 5.64%
No. Units 66
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 50.45 AC
Building Size 50,000 SF
No. Stories 2
Year Built 2023

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Heating
  • Kitchen
  • Tub/Shower

Site Amenities

  • Picnic Area
  • Playground
  • Grill
  • Pet Play Area
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2.5 66 - 1,200
  • Listing ID: 31004961

  • Date on Market: 2/20/2024

  • Last Updated:

  • Address: 100 Henry Dr, Burns, TN 37029

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