705 Washington Ave Union City, TN 38261
- Commercial real estate
Current Use by Public Records
- Cyprus Cove Apartments / Apartment Complex
Property Details for 705 Washington Ave
- Year built
- 1976
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Union City
- County
- Obion
- State
- Tennessee
- Longitude
- -89.0647669
- Latitude
- 36.4239683
