24-Unit Garden-Style Apartment
542 Ashe Avenue New Johnsonville, TN 37134
542 Ashe Avenue, New Johnsonville, TN, 37134
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For Sale
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Garden-style multifamily asset with 24 two-bedroom, one-bath units on 1.56 acres.
Property Size18,720 SF
Lot Size1.56 Acres
Price / SF$100.37
Days on Market73
Property Features for 542 Ashe Avenue
General Information
- Standard status
- Active
- Size
- 18,720 SF
- Lot size
- 1.56 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing agency
Marcus & Millichap - Nashville
Listed by
Patrick Cosgrove · License #TN 341774
Source
Crexi
Added: May 12 Updated: Jul 21 at 12:20PM Checked: Jul 22 at 11:38AM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
Lakeside Manor Apartments is a 24-unit, garden-style multifamily property featuring entirely two-bedroom, one-bath apartments. The units are approximately 780 square feet each. Over the past three years, approximately $341,520 has been invested in the asset, with the majority of units already renovated. The property also includes remaining renovation items, including in-unit washer and dryer installations.
The property is located at 542 Ashe Avenue in New Johnsonville, Tennessee. The offering is marketed as a value-add multifamily acquisition opportunity.
The purchase terms call for all cash to be paid at closing, and offers should be presented with a non-binding Letter of Intent outlining pricing, due diligence and closing time frame, earnest money deposit, debt/equity structure, and qualification to close.
The property is located at 542 Ashe Avenue in New Johnsonville, Tennessee. The offering is marketed as a value-add multifamily acquisition opportunity.
The purchase terms call for all cash to be paid at closing, and offers should be presented with a non-binding Letter of Intent outlining pricing, due diligence and closing time frame, earnest money deposit, debt/equity structure, and qualification to close.
Key Highlights
- 24‑unit garden‑style multifamily asset in New Johnsonville, TN on 1.56 acres
- All units are 2‑bedroom/1‑bath, each at 780 SF
- Approximately $341,520 invested in the past three years, with the majority of units renovated
Property Analytics
Location Intelligence
Current Use by Public Records
Lakeside Manor Apartments
Apartment Complex
FAQs
What type of property is this?
Apartment building - Garden-style multifamily asset with 24 two-bedroom, one-bath units on 1.56 acres.
Where is this apartment building located?
The property is located at 542 Ashe Avenue New Johnsonville, TN.
What is the asking price?
The asking price for this property is $1,879,000.
What are key features of this property?
This property features: 24‑unit garden‑style multifamily asset in New Johnsonville, TN on 1.56 acres; All units are 2‑bedroom/1‑bath, each at 780 SF; Approximately $341,520 invested in the past three years, with the majority of units renovated
