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Renovated 40-Unit Apartment Building
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407 N College St, Tullahoma, TN 37388

Multifamily property with extensively upgraded apartments, new HVAC systems, and recently replaced roofing.

Property SizeContact for details
Days on Market142

Property Features for 407 N College St

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 32 x 1BR, 8 x 2BR
Multifamily Units 40

Building Details

Year Renovated 2020
Listing Agency: Residential Investment Advisors LLC
Listed By: Landon Hoffman · License #TN351463
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 8:26PM

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 Residential Investment Advisors LLC

Investment Insights

Based on property information with market context.

The Landings at Red Rock is an apartment property in Tullahoma, Tennessee, with 40 units comprising 32 one-bedroom apartments and 8 two-bedroom apartments. Renovation work began in 2020, and 39 of the 40 units have since been upgraded. Property improvements also include 40 new HVAC systems and replacement of all three roofs with rubber membrane roofing.

The two-bedroom apartments offer the possibility of adding in-unit washer and dryer hookups. Additional basement space in Building B can accommodate a laundry room and tenant storage, subject to applicable requirements and approvals. The property is located at 407 N College St in Tullahoma, TN 37388.

Key Highlights

  • 40‑unit apartment property with 32 one‑bedroom and 8 two‑bedroom apartments
  • 39 of the 40 units upgraded since renovation work began in 2020
  • 40 new HVAC systems installed

Property Analytics

Current Use

The Landings at Redrock Apartment Building

Suggested Use

Top Pick HVAC Service Bakery Locksmith Cafe & Coffee Shop Electrical Service (Bike/Boat/Book/etc) Store

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

40
Residential units

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby

Demographics for 37388, TN

26,352
Population
11,871
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
117.9 sq mi
ZIP Area
224
Density / Sq Mi
$59,892
Median Household Income
$37,452
Median Earnings
$856
Median Rent
$230,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with extensively upgraded apartments, new HVAC systems, and recently replaced roofing.
Where is this apartment building located?
The property is located at 407 N College St Tullahoma, TN.
What are key features of this property?
This property features: 40‑unit apartment property with 32 one‑bedroom and 8 two‑bedroom apartments; 39 of the 40 units upgraded since renovation work began in 2020; 40 new HVAC systems installed
More about this property
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