Tuesday, June 28th, 2022 June28th2022

Sold Alert: Nashville Studio Apartment Complex Sold for $170,000/unit

Published on June 28th, 2022

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

 

 

  • 2100 Clifton Avenue is a two-building apartment complex that was constructed in 1962.
  • The property was last used as housing for The Next Door…which offers women treatment for drug and alcohol abuse.
  • All 22 units are studios with limited surface parking available on the .67 acre lot.
  • On-site laundry facility and secured gated entry.
  • The two-story buildings were on the market for 99 days.
  • The property last sold in 2007 for $900,000.
  • The transaction was fully financed by Fidelity Bridge Loans at 3.56% interest.
  • The property just sold for $3,750,000…the equivalent of $170,000/unit.

 

 


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About Beau Beach, MBA CCIM

Beau is a battle-tested 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 and 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