64-Unit Apartment
For Sale
Contact for pricing
Pending
1070 Florence Rd, Savannah, TN 38372
Multifamily property with a two- and three-bedroom mix participating in Tennessee’s LIHTC program.
Property SizeContact for details
Days on Market142
Property Features for 1070 Florence Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Units
Unit Mix
48 x 2BR, 16 x 3BR
Multifamily Units
64
Listing Agency:
Crye-Leike Commercial Memphis
Listed By:
Andy Walker · License #TN 335853
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 1:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike Commercial Memphis
Investment Insights
Based on property information with market context.
May Rose Place is a 64-unit apartment property at 1070 Florence Rd in Savannah, Tennessee. The complex contains 48 two-bedroom apartments and 16 three-bedroom apartments, creating a defined residential unit mix.
The property participates in Tennessee’s Low-Income Housing Tax Credit (LIHTC) program, which began in January 2005. The program has a 30-year term, with an exit possibility after 20 years. The property is offered for sale.
The property participates in Tennessee’s Low-Income Housing Tax Credit (LIHTC) program, which began in January 2005. The program has a 30-year term, with an exit possibility after 20 years. The property is offered for sale.
Key Highlights
- 64 apartment units with 48 two‑bedroom and 16 three‑bedroom units
- Participates in Tennessee’s LIHTC program
- LIHTC program began in January 2005
Property Analytics
Current Use
Lease Details
64
Residential units
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 38372, TN
17,939
Population
8,696
Households
2.1
Avg Household Size
44
Median Age
15%
College-Educated
86%
High-School Grad
308.2 sq mi
ZIP Area
58
Density / Sq Mi
$51,250
Median Household Income
$34,274
Median Earnings
$759
Median Rent
$153,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a two- and three-bedroom mix participating in Tennessee’s LIHTC program.
Where is this apartment building located?
The property is located at 1070 Florence Rd Savannah, TN.
What are key features of this property?
This property features: 64 apartment units with 48 two‑bedroom and 16 three‑bedroom units; Participates in Tennessee’s LIHTC program; LIHTC program began in January 2005
