405 Oak St | Lawrenceburg, TN 38464
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405 Oak St
Lawrenceburg, TN 38464
Grand Oak Apartments · Multifamily Property For Sale · 56 Units
INVESTMENT HIGHLIGHTS
- DESIRABLE UNIT MIX: 1's, 2's, 3's, & 4 Bedroom Units
- ON-SITE LEASING OFFICE, MAINTENANCE ROOM, LAUNDRY FACILITY, AND DOG PARK
- STRONG RENTAL MARKET WITH MINIMAL MARKET RATE APARTMENTS AVAILABLE, THIS ALLOWS OWNERSHIP TO CONTROL RENTS IN THE MARKET
- LOSS-TO-LEASE: $100+ IN POTENTIAL RENT INCREASES PER UNIT
- OVER $83K+ SPENT IN MAJOR CAPITAL EXPENDITURE OVER THE LAST 8 MONTHS
- LOCATED ON QUIET STREET
PROPERTY FACTS
| No. Units | 56 | Building Size | 45,500 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2022 |
| Building Class | C | Parking Ratio | 2.46/1,000 SF |
| Lot Size | 5.17 AC |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.17 AC |
| Building Size | 45,500 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2022 |
| Parking Ratio | 2.46/1,000 SF |
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $664.50 | 757 |
| 2+1 | 16 | $746.50 | 757 |
| 3+1 | 18 | $805.00 | 900 |
| 4+1 | 2 | $915.00 | 950 |
PROPERTY TAXES
| Parcel Number | 078G-D-037.01 | Improvements Assessment | $210,480 |
| Land Assessment | $19,600 | Total Assessment | $230,080 |
PROPERTY TAXES
Parcel Number
078G-D-037.01
Land Assessment
$19,600
Improvements Assessment
$210,480
Total Assessment
$230,080
ZONING
| Zoning Code | MULTIFAMILY (40+ UNITS) |
| MULTIFAMILY (40+ UNITS) |
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