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Property profile & analytics
OFF-MARKET
Apartment buildings

705 Washington Ave Union City, TN 38261

Built 1976
Property ID
US80-0905579
Property summary
AI-generated overview

Cypress Cove Apartments, located at 705 W Washington Ave, Union City, TN 38261, presents a compelling value-add opportunity in the multifamily market. This 16-unit apartment building, constructed in 1976, offers significant potential for increased profitability. The property's desirable unit mix provides a solid foundation for future growth and operational efficiency. The asking price is $960,000. Situated in Obion County, Tennessee, this property benefits from a market-supported value proposition. The building's operational efficiency allows for streamlined management and cost control. This presents a chance to capitalize on the existing infrastructure while implementing strategic improvements to enhance rental income and property value. The property's location in Union City provides access to local amenities and services, contributing to its appeal to tenants. Detailed offering materials are available for review. This is an excellent investment opportunity for those seeking a multifamily property with strong potential for return on investment. The property's existing structure and market position offer a solid base for future development and value appreciation. Further investigation into the property's financial records and operational history is encouraged.

Property profile
Verified
Property type Apartment buildings
Year built 1976
UPID US80-0905579
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cyprus Cove Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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