The Lofts at Rose Monte

Multi-Family for Sale
Catylist Listing ID: 30587010
Property Subtypes: Low-Rise/Garden
Number of Units: 52 Units
Building Size (RSF): 73,895 SF
Gross Building Area: See Agent
Gross Land Area: 6 Acres
Sale Price: $11,000,000
Unit Price: $211,538.46 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 96
Last Updated: 6/15/2020

Overview / Comments

SVN | Wood Properties is proud to present The Lofts at Rose Monte. The Lofts at Rose Monte consist of 40 townhomes and one garden style building which contains 12 flats. These 52 newly constructed units feature modern architecture, open floorpans, private decks, and beautiful views of Brentwood. The 52 units are individually parceled which makes this property capable of a condo conversion exit strategy. The 52 units make up phase 3 within the approved Rose Monte Planned Unit Development. Phase 3 has its own HOA and shares roads and the stormwater system with adjacent phases. During the COVID-19 crisis, Rose Monte has remained very strong with occupancy rates of 96-98%. Collections have remained at 98% throughout the pandemic and no rent concessions have been given. Rose Monte is located 5.3 miles from Brentwood, 9.5 miles from downtown Nashville, and 14 miles from Franklin. The property is located near many large retailers and restaurants and sits on a quiet bluff that provides beautiful views of Brentwood.

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Additional Details

Nearest MSA: Nashville-Davidson--Murfreesboro--Franklin
County: Davidson
Tax ID/APN: 161150C90000CO
Zoning: RM15
Total Number of Buildings: 8
Property Condition: Excellent
Year Built: 2017
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,967 85,829 186,646
Median Age: 31.67 33.97 34.12
Households: 6,943 33,597 73,224


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