Individually Metered Apartment
117 Cedarwood Dr Lebanon, TN 37087
117 Cedarwood Dr, Lebanon, TN, 37087
$5,725,000
For Sale
$5,725,000
40-unit apartment community built in 1970 with one- and two-bedroom units and individually metered utilities.
Days on Market51
Property Features for 117 Cedarwood Dr
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Nashville Office
(615) 997-2893
Listed by
Harrison Johnson · License #License(s): TN: 370379
(615) 997-2893
Source
Marcusmillichap
Added: Jun 1 Updated: Jul 20 at 9:45PM Checked: Jul 21 at 3:06AM
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Investment Insights
Based on property information with market context.
The Reserve at Lebanon is a 40-unit multifamily community built in 1970 featuring a mix of one- and two-bedroom floorplans. Ownership has invested approximately $585,000 over the past three years, including exterior improvements, unit renovations, and major system upgrades. Improvements include the replacement of over 70% of HVAC units and a roof replacement completed in 2018, with 17 units already renovated. The property is individually metered.
Located in the growing Lebanon corridor within commuting distance to Nashville, the community offers in-place occupancy with rents currently below market, creating an opportunity to continue interior upgrades.
Offers must be submitted in the form of a non-binding Letter of Intent detailing key terms and conditions, and the purchase terms require all cash to be paid at closing.
Located in the growing Lebanon corridor within commuting distance to Nashville, the community offers in-place occupancy with rents currently below market, creating an opportunity to continue interior upgrades.
Offers must be submitted in the form of a non-binding Letter of Intent detailing key terms and conditions, and the purchase terms require all cash to be paid at closing.
Key Highlights
- 40‑unit multifamily community built in 1970 with a mix of one- and two‑bedroom floorplans
- Strong in‑place occupancy and rents currently below market, with 17 units already renovated
- Ownership invested about $585,000 over the past three years, including exterior improvements and major system upgrades
Property Analytics
Location Intelligence
Current Use by Public Records
Brookside Condominiums
Condominium Complex
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FAQs
What type of property is this?
Apartment building - 40-unit apartment community built in 1970 with one- and two-bedroom units and individually metered utilities.
Where is this apartment building located?
The property is located at 117 Cedarwood Dr Lebanon, TN.
What is the asking price?
The asking price for this property is $5,725,000.
What are key features of this property?
This property features: 40‑unit multifamily community built in 1970 with a mix of one- and two‑bedroom floorplans; Strong in‑place occupancy and rents currently below market, with 17 units already renovated; Ownership invested about $585,000 over the past three years, including exterior improvements and major system upgrades
