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806 N Cumberland St
Lebanon, TN 37087

$2,799,000 USD

Apartments For Sale  •  20,104 SF

Property Details

  • Property Type Apartments
  • Total Building Size 20,104 SF
  • Lot Size 1.28 AC
  • Building Class C
  • Year Built 1966
  • Cap Rate 6.45 %
  • Zoning CG
30 Transit Score
40 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 Station (WEGO STAR - WeGo Public Transit) 3 min 20 min 1.1 mi
Hamilton Springs Station (WEGO STAR - WeGo Public Transit) 12 min - 5.9 mi
AirportDriveWalkDistance
Nashville International 33 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