Building Details

Year Built 1987

Buildings 4

Listing Agency: Benchmark Realty

Listed By: Catherine Andrews · License #263198 Show Phone

Source: Benchmarkrealtytn

Added: Jul 13 Changed: Oct 27 Last Checked: Oct 26 at 4:59PM

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Investment Insights

Based on property information with market context.

This multifamily property comprises four duplex buildings containing eight residential units and approximately 8,528± SF overall. Each residence offers two bedrooms and one bathroom, while every unit includes a refrigerator, washer, and dryer. The buildings contain approximately 2,132± SF per duplex and were constructed in 1987 on 1.01± acres.

The property is located in Spring Hill, TN, with access to major roads, shopping, restaurants, grocery stores, employment centers, and other daily amenities. Nashville and surrounding Middle Tennessee communities are also accessible from the site. The four-building layout separates the residential units across multiple structures while keeping them within one multifamily property.

Key Highlights

• 8 residential units across 4 duplex buildings
• 8,528± total SF on 1.01± acres
• Approximately 2,132± SF per duplex

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,627

Cap Rate

3.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,452,540 $1.5M

Cap Rate 7%

$1,037,529 $1.0M

Cap Rate 9%

$806,967 $807.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,528 SF

Gross rent

$134.1K $15.72/SF

− Vacancy

−$2.0K −$0.24/SF

EGI

$132.0K $15.48/SF

− OpEx

−$59.4K −$6.97/SF

NOI

$72.6K $8.52/SF

Area

Maury County, TN

Vacancy

1.50%

Lease Rate

$15.72 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,452,540

Cap Rate 7%

$1,037,529

Cap Rate 9%

$806,967

Alternative Uses

Best Use

Apartment 5plus

$1.04M

$907.8K – $1.21M (±1% cap)

NOI $72,627 @ 7.0% cap · market cap 3.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $174,995 @ 7.0% cap · market cap 8.79%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

8

Residential units

Location Intelligence

Trade Area within ½ mile

553

Businesses Nearby

Explore this area Business Placement

Demographics for 37174, TN

48,849

Population

19,631

Households

2.5

Avg Household Size

35

Median Age

42%

College-Educated

95%

High-School Grad

69.7 sq mi

ZIP Area

701

Density / Sq Mi

$98,775

Median Household Income

$55,338

Median Earnings

$1,724

Median Rent

$450,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Four duplex structures provide individually configured residences with in-unit refrigeration, laundry equipment, and access to everyday services.

Where is this apartment building located?

The property is located at 356 Beechcroft Road Spring Hill, TN.

What is the asking price?

The asking price for this property is $1,990,000.

What are key features of this property?

This property features: 8 residential units across 4 duplex buildings; 8,528± total SF on 1.01± acres; Approximately 2,132± SF per duplex