Multifamily Properties For Sale

Property #1 - Park Village Apartments

Property: Park Village Apartments Type: QC Added: 8-14-18
Price: $6,543,507 Size: 80 units 10 buildings Lot Size: 8.1 acres
Address: 918 Rocky Mount Road Athens, TN 37303 Area Overview Map County: McMinn

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.


Seller Contact:

Tim Palmieri
6209 Wren Court, Gainsville, GA 30506

THDA Contact:

Multifamily Programs

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.