Remarks

Cash-flowing 38 unit apartment complex with 16 completely renovated units and monthly rent over $24,000 per month. Conveniently located in the growing city of Trenton, West Tennessee. 19 2 bed/2 bath apartments; the other 19 are 1 bed/1 bath. Units are spread across 6 separate buildings with slab foundations on 4.57 acre property which includes extra land with building potential and a hotel office that could be renovated to be an office or more apartments! 12 units (Ten 1 bed/1 bath; two 2 bed/2 bath) still need renovating and will create at least $10,000 of additional cash flow. Utilities are owner’s responsibility on 11 units. Almost all of the apartments have wall units for heat and air.

Approximately 85 total parking spots. The C building has all new plumbing. All new windows in building D. Building F has all new windows as well as new soffits and fascia.

Right on the corner of 45 W for an easy commute to growing industry throughout West Tennessee. 50 miles to Blue Oval City and only 30 miles to Jackson, Tn. Rent roll and expenses available upon request. Do not disturb tenants. Don’t miss this incredible investing opportunity!

Details

MLS#: 246186
Price: $2,500,000

Style: Multi Family
Sq Ft: 28404
Year Built: 1970

County: Gibson
Lot Size: 213,443 sq ft
Tax Fee: 9519.2199999999993