550 Harding Place
- 20-unit condominium portfolio within the Caldwell Court Condominiums in Nashville's Outer Southeast submarket
- Immediate value-add opportunityat 76.2% occupancy with five (5) vacant units
- The Caldwell Court Condominium Association has invested approx. $750,000 over the last three (3) years in common area rehab, including exterior painting, plumbing, roofs, gutters, concrete, parking lots, curbs, signage, and mailbox clusters
- Conveniently situated between Interstate-24 (I-24) and Interstate-65 (I-65), less than eight (8) miles from downtown Nashville and approx 10 miles from Nashville International Airport
Property Description
The offering consists of a 20-unit condominium portfolio within Caldwell Court Condominiums, a 124-unit residential community in Nashville’s Outer Southeast submarket. The portfolio features a diversified unit mix of 11 1-bedroom/1-bathroom units, six (6) 2-bedroom/1.5-bathroom units, and three (3) 2-bedroom/1-bathroom units, along with ample on-site parking. Currently 66.67% occupied, the Property presents an immediate value-add opportunity through the lease-up of seven vacant units, as well as the potential to pursue condominium board representation. Strategically located between I-24 and I-65, the Property is less than eight miles from downtown Nashville and approximately nine miles from Nashville International Airport, with more than 80,000 residents and an average household income of approximately $101,000 in the surrounding area. Nearby retailers include Walmart Supercenter, Sam’s Club, ALDI, Kroger, The Home Depot, CVS, McDonald’s, Chick-fil-A, and numerous other national and local amenities.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 20 |
| Year Built: | 1965 |
| Lot Size: | 6.60 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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