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806 N Cumberland St
Lebanon, TN 37087

$2,799,000 USD

Apartments For Sale  •  26,172 SF

Property Details

  • Property Type Apartments
  • Total Building Size 26,172 SF
  • Lot Size 1.28 AC
  • Building Class C
  • Year Built 1966
  • Cap Rate 6.45 %
  • Zoning CG
0 Transit Score
50 Walk Score

Highlights

Leased below Market Rate
Great Location North of Lebanon Square
Value Add Opportunity

Financial Summary (Actual)

Net Operating Income: $180,435 USD (2024)
Cap Rate: 6.45 %
Total Expenses: $84,765 USD

Major Tenants

Tenant SF Occupied Lease End Date
Cumberland Hill Apartments

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Heating
  • Cabana
  • Kitchen

Public Transportation

Commuter RailDriveWalkDistance
Lebanon (East Corridor Line - Tennessee Regional Transportation Authority Music City Star (Music City Star)) 4 min 20 min 1.0 mi
12 min - 5.9 mi
Transit/SubwayDriveWalkDistance
Lebanon (East Corridor Line - Tennessee Regional Transportation Authority Music City Star (Music City Star)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Nashville International 34 min - 26.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
Russell Parrish 615-948-2209 Parrish & Associates, Inc
Russell Parrish 615-948-2209 Parrish & Associates, Inc