48-Unit Apartment
New
For Sale
$3,600,000
4051 Reasons Blvd, Milan, TN 38358
Market-rate leasing is available following the end of affordability restrictions.
Property Size49,744 SF
Price / SF$72.37
Days on Market2
Property Features for 4051 Reasons Blvd
General Information
Standard status
Active
Size
49,744 SF
Property subtype
Multi-Family
Units
Unit Mix
32 x 2BR/2BA, 16 x 3BR/2BA
Multifamily Units
48
Amenities
full kitchen with electric range, dishwasher and refrigerator
walk-in closet in primary bedroom
washer/dryer connections
community room
on-site laundry facility
central mail center
playground
picnic area
Building Details
Year Built
2003
Buildings
6
Listing Agency:
Tennessee Valley Realty And In
Listed By:
Haltom Real Estate
(731) 984-2200
Source:
Haltomhometeam
Added: Nov 1
Last Checked: Nov 1 at 2:48AM
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 Tennessee Valley Realty And In
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Investment Insights
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Built in 2003, this Milan apartment property comprises 48 homes across six buildings. The mix includes 32 two-bedroom, two-bath units and 16 three-bedroom, two-bath units. Each apartment has a full kitchen with an electric range, dishwasher and refrigerator, plus a primary-bedroom walk-in closet and washer/dryer connections. Shared facilities include a community room, laundry, a central mail center, a playground and a picnic area.
The community is less than one mile from West Tennessee Healthcare Milan Hospital. US Highway 45E links Milan with Jackson. The property has exited the LIHTC program, and its three-year protection period has ended; no affordability restrictions remain, allowing market-rate leasing.
The community is less than one mile from West Tennessee Healthcare Milan Hospital. US Highway 45E links Milan with Jackson. The property has exited the LIHTC program, and its three-year protection period has ended; no affordability restrictions remain, allowing market-rate leasing.
Key Highlights
- 48 apartments in six buildings
- Unit mix: 32 two‑bedroom/two‑bath homes and 16 three‑bedroom/two‑bath homes
- Apartments include full kitchens, primary‑bedroom walk‑in closets and washer/dryer connections
Property Analytics
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Lease Details
48
Residential units
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
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Business Placement
Demographics for 38358, TN
12,153
Population
5,113
Households
2.4
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
82.7 sq mi
ZIP Area
147
Density / Sq Mi
$65,537
Median Household Income
$39,429
Median Earnings
$808
Median Rent
$157,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Market-rate leasing is available following the end of affordability restrictions.
Where is this apartment building located?
The property is located at 4051 Reasons Blvd Milan, TN.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 48 apartments in six buildings; Unit mix: 32 two‑bedroom/two‑bath homes and 16 three‑bedroom/two‑bath homes; Apartments include full kitchens, primary‑bedroom walk‑in closets and washer/dryer connections
