Stabilized Multifamily Portfolio For
1720 Garden Dr, Athens, TN 37303
Portfolio of 249 HAP units across three Tennessee markets.
Type:Multifamily
Property size:
219,926 SF- Added:
- May 14, 2026
- Days on Market:
- 20
- Last Refresh:
- May 14 at 8:13 pm
Property Features for 1720 Garden Dr
General Information
- Standard status
- Active
- Size
- 219,926 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing agent Andrew Agee (256) 653-0065
Listing office (256) 653-0065
Listing date May 14, 2026
Source Svn
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
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.
- Benefit from HAP contracts, providing predictable cash flow, with option terms extending to 2041.
- Opportunity for operational efficiencies through shared management and amenities.
- Potential for revenue growth and value‑add opportunities.
Overview
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- McMinn
- State
- Tennessee
- Longitude
- -84.621309
- Latitude
- 35.454999
Nearby Similar for Sale
FAQs
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.
