665 College St Trenton, TN 38382
- Residential income homes
- 28,404 SF
Current Use by Public Records
- Live Oaks Apartments / Apartment Complex
Property Details for 665 College St
- Year built
- 1970
- Property size
- 28,404 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a 38-unit apartment complex situated on a 4.57-acre lot in Trenton, Tennessee. The property, known as Live Oak, boasts a total of 28,404 square feet and includes six separate buildings with slab foundations. Currently generating over $24,000 in monthly rent, the complex comprises 19 two-bedroom/two-bathroom apartments and 19 one-bedroom/one-bathroom apartments. Sixteen units have undergone complete renovations. An additional 12 units (ten one-bedroom/one-bathroom and two two-bedroom/two-bathroom) are ready for renovation, projected to increase cash flow by at least $10,000 monthly. The property features approximately 85 parking spaces. Significant recent improvements include new plumbing in Building C, new windows in Buildings D and F, and new soffits and fascia in Building F. Eleven units have owner-paid utilities. Almost all apartments are equipped with wall units for heating and air conditioning. The property also includes a hotel office with potential for conversion into additional apartments or office space. Its prime location on Highway 45W offers easy access to growing industries throughout West Tennessee, with proximity to Blue Oval City (50 miles) and Jackson, TN (30 miles). Detailed financial information, including rent rolls and expenses, is available upon request. Please do not disturb tenants.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trenton
- County
- Gibson
- State
- Tennessee
- Longitude
- -88.9488277
- Latitude
- 36.0049331
