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Sherry Lane Apartments 100 Sherry Ln

8 Unit Apartment Building $1,390,336 CAD ($173,792 CAD/Unit) 5.26% Cap Rate Dickson, TN 37055

Investment Highlights

  • Located in the Nashville MSA
  • Individually metered for Electricity
  • Rents are currently $297 below market
  • Water is on a single meter and is currently billed back to tenants

Executive Summary

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/169942/sherry-lane-apartments
Marcus & Millichap has been selected to exclusively market for sale this property in Dickson, TN. This offering will allow a potential investor to purchase a rare value-add opportunity Located in the Nashville MSA.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE SHERRY LANE APARTMENTS.

Property Facts

Price $1,390,336 CAD
Price Per Unit $173,792 CAD
Sale Type Investment
Cap Rate 5.26%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 2.50 AC
Building Size 6,848 SF
No. Stories 1
Year Built 1979
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Washer/Dryer Hookup
  • Refrigerator
  • Range

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 8 $1,271 CAD 856

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
111-083.05
Land Assessment
$97,407 CAD
Improvements Assessment
$165,893 CAD
Total Assessment
$263,299 CAD
  • Listing ID: 34225831

  • Date on Market: 2024-12-17

  • Last Updated:

  • Address: 100 Sherry Ln, Dickson, TN 37055

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