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405 Oak St
Lawrenceburg, TN 38464
Grand Oak Apartments · Multifamily Property For Sale · 56 Units
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 | 1972/2016 |
| 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 | 1972/2016 |
| Parking Ratio | 2.46/1,000 SF |
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Property Manager on Site
About 405 Oak St , Lawrenceburg, TN 38464
Lawrence County is a hidden gem in southern Middle TN. Located only 1 hour south of Franklin, TN, this small community is driven by a diverse economy. The county’s economic development team has been hard at work adding more jobs every year. 923 jobs were added last year according to the Chamber of Commerce. This has created a huge demand for work-force housing such as this. The property has a good unit mix that allows you to accommodate most tenants’ requests. A separate building houses a small office, laundry/mailbox, and a maintenance shop. There are also two large storage sheds for storing supplies. Current owners have spent over $250,000 in the last two years on capital expenditures. This property is currently being managed by Volunteer Properties (volprop.com)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $440.00 | 757 |
| 2+1 | 16 | $540.00 | 757 |
| 3+1 | 18 | $590.00 | 900 |
| 4+1 | 2 | $650.00 | 1,000 |
PROPERTY TAXES
| Parcel Number | 078G-D-037.01 | Improvements Assessment | $299,618 |
| Land Assessment | $27,901 | Total Assessment | $327,519 |
PROPERTY TAXES
zoning
| Zoning Code | MULTIFAMILY (40+ UNITS) |
| MULTIFAMILY (40+ UNITS) |
