Multifamily Properties For Sale

Property #1 - Meadow Brook Apartments

Meadow Brook Front Entrance
Property: Meadow Brook Apartments Type: QC Added: 3-23-18
Price: $8,406,670 Size: 88 units 9 buildings Lot Size: 9.26 acres
Address: 1830 Spring Branch Drive Madison, TN 37115 Area Overview Map County: Davidson
Description:

Meadow Brook Apartment is an 88-unit two and three story walk-up garden apartment community located in Madison, Tennessee. Madison is one of northeast Nashville suburban neighborhoods.

Meadow Brook was constructed in 2001 and consists of 7 residential buildings and a leasing office/community building on 9.26 acres. The community offers (32) two-bedroom units at 989 SF and (56) three-bedroom unit floor plans with 1,150 SF of living area. The average unit size is 1,091 SF.

Meadow Brook was developed using Low Income Housing Tax Credits (LIHTC) and has a Land Use Restrictive Covenants (LURC) on the property that requires 14 units (7 2BR and 7 3BR units) be rented to residents who earn not more than 50% of Area Median Income and 74 units (25 2BR and 49 3BR) be rented to residents who earn not more than 60% of Area Median Income.

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Seller Contact: Bryan Harvey
302 Apple Creek, Georgetown, TX 78626
901-734-5700
THDA Contact:

Multifamily Programs
tncompliance@thda.org

By accessing this website, you acknowledge that the information regarding the properties listed on this website is provided by the owners of the properties and has not been independently verified by the Tennessee Housing Development Agency (“THDA”). THDA is only publicizing such information in the Qualified Contract process in its capacity as the credit allocating agency for Tennessee, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended. THDA makes no representation or warranties, expressed or implied, and none should be inferred, as to the accuracy, validity, or timeliness of any information provided on this website. Any interested party is responsible for conducting their own independent due diligence regarding the accuracy of such information, the quality and marketability of the property, and the feasibility, suitability, and risk of undertaking any activity in connection with any property listed. Therefore, the THDA has no liability to any person or entity for any loss or damage (direct, indirect, special, consequential, or incidental) resulting in whole or in part on the reliance of any information provided herein.


Property #2 - Columbia Hills Apartments

Meadow Brook Front Entrance


Property: Columbia Hills ApartmentsType:QCAdded:5-17-18
Price:$6,271,145Size:140 units 14 buildingsLot Size:12.53 acres
Address:200 McMeen Circle, Columbia, TN 38401Area Overview MapCounty:Maury
Description:

Columbia Hills Apartments is a 140-unit low income housing apartment community consisting of 14 apartment buildings plus an office building located in Columbia, Tennessee Off Theta Pike and U.S. Highway 412. The property is currently staffed by an On-Site Manager and leasing consultant as well as a Maintenance Supervisor and Assistant Maintenance Technician.

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Seller Contact:

J.C.Boswell
448 Viking Drive, Suite 245
Virginia Beach, VA 23452

THDA Contact:

Multifamily Programs
tncompliance@thda.org

By accessing this website, you acknowledge that the information regarding the properties listed on this website is provided by the owners of the properties and has not been independently verified by the Tennessee Housing Development Agency (“THDA”). THDA is only publicizing such information in the Qualified Contract process in its capacity as the credit allocating agency for Tennessee, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended. THDA makes no representation or warranties, expressed or implied, and none should be inferred, as to the accuracy, validity, or timeliness of any information provided on this website. Any interested party is responsible for conducting their own independent due diligence regarding the accuracy of such information, the quality and marketability of the property, and the feasibility, suitability, and risk of undertaking any activity in connection with any property listed. Therefore, the THDA has no liability to any person or entity for any loss or damage (direct, indirect, special, consequential, or incidental) resulting in whole or in part on the reliance of any information provided herein.


Property #3 - Autumn Ridge Apartments

Property: Autumn Ridge ApartmentsType:QCAdded:5-23-18
Price:$9,664,917Size:140 units 12 buildingsLot Size:7 acres
Address:3888 Autumn Ridge Drive, Memphis, TN 38115Area Overview MapCounty:

Shelby

Description:

Autumn Ridge Apartments is a 140-unit low income housing apartment community consisting of 12 apartment buildings plus an office building located in Memphis, Tennessee on Ridgeway Boulevard between Hickory Hill Road and Ridgeway Road. The property is currently staffed by an On-Site Manager and leasing consultant as well as a Maintenance Supervisor and Assistant Maintenance Technician.

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Photos:
Seller Contact:J.C. Boswell
448 Viking Drive, Suite 245
Virginia Beach, VA 23452
THDA Contact:

Multifamily Programs
tncompliance@thda.org

By accessing this website, you acknowledge that the information regarding the properties listed on this website is provided by the owners of the properties and has not been independently verified by the Tennessee Housing Development Agency (“THDA”). THDA is only publicizing such information in the Qualified Contract process in its capacity as the credit allocating agency for Tennessee, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended. THDA makes no representation or warranties, expressed or implied, and none should be inferred, as to the accuracy, validity, or timeliness of any information provided on this website. Any interested party is responsible for conducting their own independent due diligence regarding the accuracy of such information, the quality and marketability of the property, and the feasibility, suitability, and risk of undertaking any activity in connection with any property listed. Therefore, the THDA has no liability to any person or entity for any loss or damage (direct, indirect, special, consequential, or incidental) resulting in whole or in part on the reliance of any information provided herein.


Property #4 - Forest Grove Apartments

Property: Forest Grove ApartmentsType:QCAdded:6-20-18
Price:$7,236,832Size:96 units 6 buildingsLot Size:12.2 acres
Address:2350 Blackburn Rd, Cleveland, TN 37311Area Overview MapCounty:

Bradley

Description:

Forest Grove Apartments is located at 2350 Blackburn Rd., Cleveland, TN 373II. The property consists of 12.20 acres 7 two-story multi-family residential buildings and a clubhouse/office building. The property was constructed in 1997 and contains 97,208 square feet. There are 96 residential units with 56 two bedroom/two bath units and40 three bedroom/two bath units. Interior amenities include room, dining area, and a kitchen that includes electric range-ovens vent hoods, refrigerators, dishwashers and garbage disposals. Other amenities include carpet, vinyl ceiling fans with light blinds, with shower utility room washer and dryer hook-ups and private balconylpatio. Community amenities include a community room leasing office, public restrooms, swimming pool and Current rents are shown on attached rent roll.

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Seller Contact:

Kathy Rieken
1730 E Republic Rd, Suite F
Springfield, MO 65804
417-890-3224

THDA Contact:

Multifamily Programs
tncompliance@thda.org

By accessing this website, you acknowledge that the information regarding the properties listed on this website is provided by the owners of the properties and has not been independently verified by the Tennessee Housing Development Agency (“THDA”). THDA is only publicizing such information in the Qualified Contract process in its capacity as the credit allocating agency for Tennessee, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended. THDA makes no representation or warranties, expressed or implied, and none should be inferred, as to the accuracy, validity, or timeliness of any information provided on this website. Any interested party is responsible for conducting their own independent due diligence regarding the accuracy of such information, the quality and marketability of the property, and the feasibility, suitability, and risk of undertaking any activity in connection with any property listed. Therefore, the THDA has no liability to any person or entity for any loss or damage (direct, indirect, special, consequential, or incidental) resulting in whole or in part on the reliance of any information provided herein.


Property #5 - Parktowne Apartments

Parktowne Sign
Property: Parktowne ApartmentsType:QCAdded:7-9-18
Price:$7,177,536Size:84 units 11 buildingsLot Size:7.19 acres
Address:2005 Westland Drive SW, Cleveland, TN 37311
Area Overview MapCounty:Bradley
Description:

Parktowne Apartments is a family tax credit property located in Cleveland, Tennessee. It was recently refinanced with a HUD 223(f) mortgage which required a moderate amount of renovation. Parktowne consists of 11 residential apartment buildings containing a total of 84 apartment units and a resident clubhouse.

There are: a) 8 one-bedroom units restricted to 50% of AMI and 8 one-bedroom units restricted to 60% of AMI each containing approximately 958 square feet of living space and b): 12 two-bedroom units restricted to 50% of AMI and 36 two-bedroom units restricted to 60% of AMI each containing approximately 1,150 square feet of living space and c): 20 three-bedroom units restricted to 60% of AMI each containing approximately 1,341 square feet of living space. Floor plans include private deck or patio, kitchens include dishwasher, garbage disposal, and washer/dryer connections. Site amenities include pool with sun deck, resident clubhouse, playground, landscaped grounds, professional on-site management, and 24-hour emergency maintenance service.

Documents:

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Seller Contact:

Tim Palmieri
6209 Wren Court, Gainsville, GA 30506
229-219-8153

THDA Contact:

Multifamily Programs
tncompliance@thda.org

By accessing this website, you acknowledge that the information regarding the properties listed on this website is provided by the owners of the properties and has not been independently verified by the Tennessee Housing Development Agency (“THDA”). THDA is only publicizing such information in the Qualified Contract process in its capacity as the credit allocating agency for Tennessee, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended. THDA makes no representation or warranties, expressed or implied, and none should be inferred, as to the accuracy, validity, or timeliness of any information provided on this website. Any interested party is responsible for conducting their own independent due diligence regarding the accuracy of such information, the quality and marketability of the property, and the feasibility, suitability, and risk of undertaking any activity in connection with any property listed. Therefore, the THDA has no liability to any person or entity for any loss or damage (direct, indirect, special, consequential, or incidental) resulting in whole or in part on the reliance of any information provided herein.


Property #6 - Park Trace Apartments

Property: Park Trace ApartmentsType:QCAdded:8-13-18
Price:$6,350,562Size:84 units 11 buildingsLot Size:8.2 acres
Address:1830 Spring Branch Drive Madison, TN 37115Area Overview MapCounty:Madison
Description:

Park Trace Apartments is a family tax credit property located in Jackson, Tennessee. It was recently refinanced and required a moderate amount of renovation. Park Trace consists of 11 residential apartment buildings containing a total of 84 apartment units and a resident clubhouse.

There are: a) 8 one-bedroom units restricted to 50% of AMI and 8 one-bedroom units restricted to 60% of AMI each containing approximately 958 square feet of living space and b): 9 two-bedroom units restricted to 50% of AMI and 39 two-bedroom units restricted to 60% of AMI each containing approximately 1,150 square feet of living space and c): 20 three-bedroom units restricted to 60% of AMI each containing approximately 1,341 square feet of living space. Floor plans include private deck or patio, kitchens include dishwasher, garbage disposal, and washer/dryer connections. Site amenities include pool with sun deck, resident clubhouse, playground, landscaped grounds, professional on-site management, and 24-hour emergency maintenance service.

Documents:

Photos:
Seller Contact:

Tim Palmieri
6209 Wren Court, Gainsville, GA 30506
229-219-8153

THDA Contact:

Multifamily Programs
tncompliance@thda.org

By accessing this website, you acknowledge that the information regarding the properties listed on this website is provided by the owners of the properties and has not been independently verified by the Tennessee Housing Development Agency (“THDA”). THDA is only publicizing such information in the Qualified Contract process in its capacity as the credit allocating agency for Tennessee, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended. THDA makes no representation or warranties, expressed or implied, and none should be inferred, as to the accuracy, validity, or timeliness of any information provided on this website. Any interested party is responsible for conducting their own independent due diligence regarding the accuracy of such information, the quality and marketability of the property, and the feasibility, suitability, and risk of undertaking any activity in connection with any property listed. Therefore, the THDA has no liability to any person or entity for any loss or damage (direct, indirect, special, consequential, or incidental) resulting in whole or in part on the reliance of any information provided herein.


Property #7 - Park Village Apartments

Property: Park Village ApartmentsType:QCAdded:8-14-18
Price:$6,543,507Size:80 units 10 buildingsLot Size:8.1 acres
Address:918 Rocky Mount Road Athens, TN 37303Area Overview MapCounty:McMinn
Description:

Park Village Apartments is a family tax credit property located in Athens, Tennessee. It was recently refinanced and required a moderate amount of renovation. Park Village consists of 10 residential apartment buildings containing a total of 80 apartment units and a resident clubhouse.

There are: a) 8 one-bedroom units restricted to 50% of AMI and 8 one-bedroom units restricted to 60% of AMI each containing approximately 958 square feet of living space and b): 8 two-bedroom units restricted to 50% of AMI and 40 two-bedroom units restricted to 60% of AMI each containing approximately 1,150 square feet of living space and c): 16 three-bedroom units restricted to 60% of AMI each containing approximately 1,341 square feet of living space. Floor plans include private deck or patio, kitchens include dishwasher, garbage disposal, and washer/dryer connections. Site amenities include pool with sun deck, resident clubhouse, playground, landscaped grounds, professional on-site management, and 24-hour emergency maintenance service.

Documents:

Photos:
Seller Contact:

Tim Palmieri
6209 Wren Court, Gainsville, GA 30506
229-219-8153

THDA Contact:

Multifamily Programs
tncompliance@thda.org

By accessing this website, you acknowledge that the information regarding the properties listed on this website is provided by the owners of the properties and has not been independently verified by the Tennessee Housing Development Agency (“THDA”). THDA is only publicizing such information in the Qualified Contract process in its capacity as the credit allocating agency for Tennessee, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended. THDA makes no representation or warranties, expressed or implied, and none should be inferred, as to the accuracy, validity, or timeliness of any information provided on this website. Any interested party is responsible for conducting their own independent due diligence regarding the accuracy of such information, the quality and marketability of the property, and the feasibility, suitability, and risk of undertaking any activity in connection with any property listed. Therefore, the THDA has no liability to any person or entity for any loss or damage (direct, indirect, special, consequential, or incidental) resulting in whole or in part on the reliance of any information provided herein.