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Listed by Sean Kelly • SUBURBAN COWBOYS LLC
$999,999
Est. payment /mo
6,848 SqFt
Active
100 Sherry Ln Dickson, TN 37055
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,848 sqft
Price per Sqft $146
Subdivision Norris Allen
MLS Listing ID 2942691
HOA Y/N No
Year Built 1979
Annual Tax Amount $6,719
Lot Dimensions 2.5
Property Description
Introducing the Sherry Lane Apartments, a prime investment opportunity featuring two well-maintained quadraplexes in the highly sought-after city of Dickson, TN. Selling at a 7.5% cap rate with room to improve! All units are occupied and a handful are rented under market so there is room for value add and revenue increase! This offering presents a rare value-add opportunity for investors, strategically located within the thriving 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.
Location
State TN
County Dickson County
Zoning R3
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Shingle
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction false
Schools
Elementary Schools Oakmont Elementary
Middle Schools Burns Middle School
High Schools Dickson County High School
Others
Special Listing Condition Owner Agent, Standard
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