820 Gibson Rd
Property Description
Well-maintained 16-unit apartment complex situated on a spacious 2-acre lot in a quiet, desirable setting. This property features a strong unit mix of eight 1-bedroom units and eight 2-bedroom units, offering broad rental appeal and consistent occupancy potential. The complex includes nine wheelchair-accessible units, a separate office space for management or leasing, and a communal laundry facility for tenant convenience. A large parking lot provides ample space for residents and guests, while mature trees enhance the property's curb appeal and overall atmosphere. Ideally located just 30 miles from Jackson, TN, this property offers a balance of peaceful surroundings and accessibility to a larger market. An excellent opportunity for investors seeking a well-maintained property with long-term growth potential. This property is in the Tennessee Housing Development Agency (THDA) Low-Income Housing Tax Credit program until 2041. Rent is regulated by program (1b - $505, 2b - $525).
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $645,000 |
| No. of Units: | 16 |
| Year Built: | 1992 |
| Lot Size: | 12,948.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $40,313 |
| Property Website | Click Here |
| Number of Bedrooms: | 24 |
| Number of Bathrooms: | 0 |
ID: 3yd-TVARTN-136680
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