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Property Details

Apartments and an Office Building

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springfield apartments for sale

Sale Price: 1,350,000

2414 Memorial Boulevard
Springfield, TN 37172

Status: Sold
Type: Multifamily and Apartments

More Details

Year Built: 1985
Total Building Size: 20,000 sf.
Land Area: 1.80 ac
Stories: 2


Additional Info

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DESCRIPTION
18 unit apartment complex with 4,000 total square feet. The commercial office building has a 8.7% CAP RATE. Gross Income: $146,000 - Operating Expense $29,515 = Net Income $116,885. Long term lease on office building. Great cash flow on low maintenance, well kept properties in strong traffic location.

Directions: From Nashville take I-24 North towards Clarksville and exit #35 (US-431) towards Springfield. Travel 12.9 miles to intersection of 431 & Highway 41 (Memorial Boulevard), turn right, property on left about 600 feet ahead.

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