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Investment Opportunity 1213 E Wood St

8 Unit Apartment Building $2,800,000 ($350,000/Unit) 2.55% Cap Rate Paris, TN 38242

Apartment Buildings Tennessee Paris 1213 E Wood St, Paris, TN 38242

Investment Highlights

  • Multiple parcel sale to include 8 unit apartment, 9.705 acre lot of land, and single family house zoned commercial
  • Able to build on land while generating income from apartments

Executive Summary

KW Commercial is excited to offer a prime investment opportunity in Paris, TN. This multi-parcel sale includes a versatile mix of properties: a commercial-zoned home, an 8-unit multi-family building, and additional land. Perfect for investors seeking a diverse portfolio, this package offers significant potential for residential, commercial, and mixed-use development. Don't miss out on this exceptional chance to expand your real estate holdings in a growing area. Buyers and Buyers agents to verify all information provided. Professional photos to come.

Attachments

Proposal-159852
Highlighted survey

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,800,000 Building Class C
Price Per Unit $350,000 Lot Size 12.73 AC
Sale Type Investment Building Size 6,297 SF
Cap Rate 2.55% Average Occupancy 88%
No. Units 8 No. Stories 1
Property Type Multifamily Year Built 1993
Property Subtype
Apartment
  • Office Office Residential
 Parking Ratio 1.91/1,000 SF
Apartment Style Low Rise
Price $2,800,000
Price Per Unit $350,000
Sale Type Investment
Cap Rate 2.55%
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Low Rise
Building Class C
Lot Size 12.73 AC
Building Size 6,297 SF
Average Occupancy 88%
No. Stories 1
Year Built 1993
Parking Ratio 1.91/1,000 SF

Unit Amenities

  • Air Conditioning
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Family Room

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 6 - -
2+1 2 - -
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zoning

Zoning Code Commercial (Land zoned P-B which allows multi-family)
Commercial (Land zoned P-B which allows multi-family)
(931) 648-8500

Contact

  • Listing ID: 33069019

  • Date on Market: 9/5/2024

  • Last Updated:

  • Address: 1213 E Wood St, Paris, TN 38242

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Investment Opportunity | 1213 E Wood St
(931) 648-8500 x

Investment Opportunity | 1213 E Wood St

Chad Friedman

(931) 648-8500

(931) 648-8500

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