48-Unit Apartment
New
For Sale
$3,600,000
43 Riverbrook Cove, Brownsville, TN 38012
The property is available for market-rate leasing following the expiration of its affordability restrictions.
Property Size49,229 SF
Price / SF$73.13
Days on Market2
Property Features for 43 Riverbrook Cove
General Information
Standard status
Active
Size
49,229 SF
Property subtype
Multi-Family
Units
Unit Mix
40 x 2BR/2BA, 8 x 3BR/2BA
Multifamily Units
48
Amenities
community room
on-site laundry facility
central mail center
playground
picnic area
Building Details
Year Built
2002
Buildings
6
Listing Agency:
RE/MAX Unlimited
Listed By:
Clear Choice Realty
(731) 847-2187
Source:
Clearchoicerealtytn
Added: Nov 1
Last Checked: Nov 1 at 4:20AM
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 RE/MAX Unlimited
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Investment Insights
Based on property information with market context.
Riverbrook is a 49,229-square-foot apartment community comprising 48 units across six buildings. The mix includes 40 two-bedroom, two-bath apartments and 8 three-bedroom, two-bath apartments. Each unit has a full kitchen with an electric range, dishwasher and refrigerator, a primary-bedroom walk-in closet, and washer and dryer connections. Residents also have access to a community room, laundry facility, central mail center, playground and picnic area. The three-year protection period following the property’s exit from the LIHTC program has expired, leaving no remaining affordability restrictions.
The community is in Brownsville, in Haywood County, the same county as BlueOval City in Stanton. Ford expects production at its Tennessee Truck Plant to begin in 2029 and projects approximately 2,300 jobs there. A battery manufacturing plant at the campus is targeting production in 2028.
The community is in Brownsville, in Haywood County, the same county as BlueOval City in Stanton. Ford expects production at its Tennessee Truck Plant to begin in 2029 and projects approximately 2,300 jobs there. A battery manufacturing plant at the campus is targeting production in 2028.
Key Highlights
- 48 apartments in six buildings
- Unit mix: 40 two‑bedroom/two‑bath units and 8 three‑bedroom/two‑bath units
- 49,229 square feet
Property Analytics
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Lease Details
48
Residential units
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
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Business Placement
Demographics for 38012, TN
13,901
Population
6,052
Households
2.3
Avg Household Size
42
Median Age
13%
College-Educated
83%
High-School Grad
272.8 sq mi
ZIP Area
51
Density / Sq Mi
$41,485
Median Household Income
$30,621
Median Earnings
$727
Median Rent
$129,800
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 - The property is available for market-rate leasing following the expiration of its affordability restrictions.
Where is this apartment building located?
The property is located at 43 Riverbrook Cove Brownsville, 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: 40 two‑bedroom/two‑bath units and 8 three‑bedroom/two‑bath units; 49,229 square feet
