For Sale
$960,000

705 Washington Ave Union City, TN 38261

16-Unit Multifamily Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
135
Cypress Cove Apartments, located at 705 W Washington Ave, Union City, TN 38261, presents a compelling value-add opportunity in the multifamily market. This 16-unit apartment building, constructed in 1976, offers significant potential for increased profitability. The property's desirable unit mix provides a solid foundation for future growth and operational efficiency. The asking price is $960,000. Situated in Obion County, Tennessee, this property benefits from a market-supported value proposition. The building's operational efficiency allows for streamlined management and cost control. This presents a chance to capitalize on the existing infrastructure while implementing strategic improvements to enhance rental income and property value. The property's location in Union City provides access to local amenities and services, contributing to its appeal to tenants. Detailed offering materials are available for review. This is an excellent investment opportunity for those seeking a multifamily property with strong potential for return on investment. The property's existing structure and market position offer a solid base for future development and value appreciation. Further investigation into the property's financial records and operational history is encouraged.

Highlights

  • $960,000 asking price.
  • 16-unit multifamily apartment building.
  • Built in 1976.
  • Value-add opportunity in a strong market.
  • Desirable unit mix.
  • Operationally efficient.

Property Details for 705 Washington Ave

Property type
Apartment buildings
Year Built
1976
Units
16

Location Insight

City
Union City
County
Obion
State
Tennessee
Latitude
36.4239683
Longitude
-89.0647669

FAQs

What type of property is this?
Apartment building - 16-Unit Multifamily Value-Add Opportunity
Where is the apartment building located?
The property is located at 705 Washington Ave Union City, TN.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: $960,000 asking price.; 16-unit multifamily apartment building.; Built in 1976.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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705 Washington Ave
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