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1720 Garden Dr, Athens, TN 37303
Portfolio of 249 HAP units across three Tennessee markets.
Property Size219,926 SF
Days on Market111
Property Features for 1720 Garden Dr
General Information
Standard status
Active
Size
219,926 SF
Property subtype
Multifamily
Building Details
Building Size
219,926 SF
Year Built
1980
Listing Agency:
(256) 653-0065
Listed By:
Andrew Agee
(256) 653-0065
Source:
Svn
Added: May 14
Changed: Aug 16
Last Checked: Aug 31 at 3:43PM
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 Andrew Agee
Investment Insights
Based on property information with market context.
The Mountain Valley Collection presents a portfolio of 249 affordable HAP units situated across three Tennessee markets: Athens, Smithville, and Pulaski. These five assets have been maintained by the original builder, delivering cash flow, low local property taxes, and occupancies between 90% and 100%. Built between 1974 and 1980, the properties total 219,926 square feet. Athens Gardens Apartments, located in Athens, was built in 1979 and includes 50 units with 50,662 square feet. It operates under an Option 3 contract with a 10-year term through June 2033 and has a 90% occupancy. The community features two-, three-, and four-bedroom floor plans. Evins Manor, located in Smithville, was built in 1974 and includes 32 units with 23,444 square feet. It operates under an Option 2 contract with a 5-year term through November 2029 and has a 93% occupancy. Tanglewood Apartments, located in Pulaski, was built in 1980 and includes 81 units with 76,844 square feet. It operates under an Option 2 contract with a 5-year term through January 2030 and has a 97% occupancy. The property is weighted toward larger layouts, with nearly half of the mix being three-bedroom units. Pulaski Terrace I, located in Pulaski, was built in 1974 and includes 56 units with 44,824 square feet. It operates under an Option 3 contract with a 20-year term through February 2041 and has a 93% occupancy. Pulaski Terrace II, located in Pulaski, was built in 1979 and includes 30 units with 24,152 square feet. It operates under an Option 3 contract with a 20-year term through February 2041 and has a 100% occupancy. This property features a diverse unit mix, from studios to three-bedroom layouts.
Key Highlights
- Portfolio of 249 HAP units in three fast‑growing Tennessee markets.
- High occupancy rates ranging from 90% to 100% across all properties.
- Unparalleled acquisition flexibility: purchase the entire portfolio, individual properties, or combine assets.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 37303, TN
25,894
Population
11,460
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
86%
High-School Grad
148.9 sq mi
ZIP Area
174
Density / Sq Mi
$60,874
Median Household Income
$37,996
Median Earnings
$815
Median Rent
$196,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of 249 HAP units across three Tennessee markets.
Where is this apartment building located?
The property is located at 1720 Garden Dr Athens, TN.
What are key features of this property?
This property features: Portfolio of 249 HAP units in three fast‑growing Tennessee markets.; High occupancy rates ranging from 90% to 100% across all properties.; Unparalleled acquisition flexibility: purchase the entire portfolio, individual properties, or combine assets.
