Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.
- 3020 S. Rutherford Blvd in Murfreesboro is a four building, 32 unit apartment complex.
- Built in 2006, the buildings sit on a 1.98 acre lot.
- These apartments, known as Redwood Park Apartments, were sold as a value-add opportunity.
- All units are two beds with two baths.
- They rent for $720-$930 per month.
- Individually metered for electric and water/sewer.
- Less than 1 mile to MTSU.
- Washer and dryer hookups in each unit.
- The deal traded at a 4.28% cap rate.
- The buyer is based in California.
- The property just sold for $4,550,000…the equivalent of $142,188/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