Friday, October 22nd, 2021 October22nd2021

Sold Alert: Rutherford County Apartment Complex Sold for $142,000/unit

Published on October 22nd, 2021

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