Building Details

Year Built 1981

Buildings 5

Listing Agency: Onward Real Estate

Listed By: Jacqueline (Jackie) Hardison Show Phone

Source: Shearonsellsteam

Added: Aug 25 Changed: Oct 12 Last Checked: Oct 7 at 2:13PM

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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 Onward Real Estate

Investment Insights

Based on property information with market context.

This multifamily offering combines 16 residential units across 5 buildings and is marketed as a package of income-producing properties. The portfolio includes the property at 212 Stratton Blvd in Ashland City, along with additional assets in Ashland City and Kingston Springs. The Ashland City property was built in 1981, and the recorded property size is 1,696.

The properties provide exposure to two Middle Tennessee communities, with the source information identifying access to Ashland City, Kingston Springs, Nashville, and surrounding employment, shopping, and service areas. The seller may also consider individual properties or alternative combinations separately. Buyers should independently verify unit counts, rents, leases, occupancy, expenses, taxes, zoning, and financial performance.

Key Highlights

• 16 residential units across 5 buildings
• Portfolio properties in Ashland City and Kingston Springs
• 212 Stratton Blvd property built in 1981

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,678

Cap Rate

4.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$353,560 $353.6K

Cap Rate 7%

$252,543 $252.5K

Cap Rate 9%

$196,422 $196.4K

Market Conditions

NOI Build-Up for 1,696 SF

Gross rent

$34.6K $20.40/SF

− Vacancy

−$2.5K −$1.45/SF

EGI

$32.1K $18.95/SF

− OpEx

−$14.5K −$8.53/SF

NOI

$17.7K $10.42/SF

Area

Cheatham County, TN

Vacancy

7.10%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$353,560

Cap Rate 7%

$252,543

Cap Rate 9%

$196,422

Alternative Uses

Best Use

Apartment 5plus

$252.5K

$221.0K – $294.6K (±1% cap)

NOI $17,678 @ 7.0% cap · market cap 4.48%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$569.9K

$498.6K – $664.8K (±1% cap)

NOI $39,890 @ 7.0% cap · market cap 10.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Storage Facility Dental Office (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16

Residential units

Location Intelligence

Trade Area within ½ mile

84

Businesses Nearby

Explore this area Business Placement

Demographics for 37015, TN

18,761

Population

8,366

Households

2.2

Avg Household Size

42

Median Age

23%

College-Educated

89%

High-School Grad

155.7 sq mi

ZIP Area

120

Density / Sq Mi

$74,848

Median Household Income

$43,072

Median Earnings

$1,244

Median Rent

$259,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Residential income property portfolio comprising multiple buildings and units across Middle Tennessee.

Where is this multifamily property located?

The property is located at 212 Stratton Blvd Ashland City, TN.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 16 residential units across 5 buildings; Portfolio properties in Ashland City and Kingston Springs; 212 Stratton Blvd property built in 1981