Tuesday, February 23rd, 2021 February23rd2021

Sold Alert: Nashville Apartments Sell for $86,000/unit

Published on February 23rd, 2021

Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.

 

 

  • 4716 Trenton Drive in Hermitage is best known as Summit Court Apartments
  • The 42-year-old, two building complex totals 34 units
  • All units are two bedrooms
  • 1.6-acre lot
  • Well parked with 2 parking spaces per unit
  • Located near the intersection of Lebanon Pike and Andrew Jackson Parkway
  • Each unit offers about 910 square feet, with two bedrooms and two bathrooms
  • The buyer is a Salt Lake City based investor
  • The property last traded in 2011 for $960,000
  • The property just sold for $2,910,000…the equivalent of $86,000/unit

 

 


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About Beau Beach, MBA CCIM

Beau is a tenacious Commercial Real Estate Broker, entrepreneur and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is a nationwide commercial real estate brokerage for sellers…with emphasis in Nashville, Milwaukee and the states of the Southeast.

He’s earned the revered “CCIM” designation which is awarded to the top 6% of all commercial real estate brokers.

He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.

Beau can be reached at 800-721-3287, click to schedule a call or Beau@soldbybeachwood.com