Tuesday, June 14th, 2022 June14th2022

Sold Alert: Sumner County Apartment Complex Sold for $207,000/Unit

Published on June 14th, 2022

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

 

 

  • 126 Walton Ferry Road in Hendersonville is better known as Walton Place Apartments.
  • Built in 1971, 36 units are located in 6 buildings on a 2 acre parcel of land.
  • Twelve of the units are one bedrooms and 24 units are two bedrooms.
  • The average unit size is 933 SF.
  • Two story, flat roof buildings with surface parking.
  • Walton Place is one block from Main Street and a few miles from Streets of Indian Lake shopping.
  • Updated interiors, air conditioning, dishwasher, shared laundry.
  • Water, sewer, trash and pest control included in rent.
  • Two bedrooms are now being offered at $1,499 per month.
  • The property just sold for $7,438,000…the equivalent of $206,611 per 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