Pinewood Apartments — Sale in Gallatin, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Gallatin, TN 37066

Photos

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Investment Figures

Cap rate
5.81%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale the Pinewood Apartments in Gallatin, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity Located in Gallatin, one of Nashville’s fastest-growing suburban markets This offering provides investors the opportunity to acquire a 16-unit multifamily asset in Gallatin, one of Middle Tennessee’s fastest-growing suburbs. The property has benefited from approximately $50,000 in recent capital improvements, including new roofs in 2023, exterior and mechanical upgrades, and select renovated units. With individually metered electric service, water being bill-back to tenants, and additional income from on-site laundry, investors have multiple avenues to improve operational efficiency and increase cash flow. Further enhancing the opportunity, existing surveys, permits, and site planning may support the future development of two additional multifamily buildings, creating a compelling value-add and expansion opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of the Pinewood Apartments. Investment Highlights: • 16-unit multifamily asset comprised of two eight-unit buildings in Gallatin, one of Middle Tennessee's fastest-growing submarkets. • Major exterior improvements include parking lot resealing and striping. • Select unit renovations have been completed, including updated flooring, countertops, appliances, fixtures, and lighting. • On-site laundry facility provides additional income potential through CSC-operated washers and dryers.

Market Context

This multifamily in Gallatin, TN is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Gallatin, TN — view the full market.

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