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405 Oak St
Lawrenceburg, TN 38464

Grand Oak Apartments · Residential Property For Sale · 56 Units

PROPERTY FACTS

No. Units 56
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 5.17 AC
Building Size 45,500 SF
Average Occupancy 96%
Number of Floors 2
Year Built/Renovated 1972/2016
Parking Ratio 2.46/1,000 SF

Unit Amenities

  • Air Conditioning

Site Amenities

  • Laundry Facilities
  • Property Manager on Site

About 405 Oak St , Lawrenceburg, TN 38464

Lawrence County is a hidden gem in southern Middle TN. Located only 1 hour south of Franklin, TN, this small community is driven by a diverse economy. The county’s economic development team has been hard at work adding more jobs every year. 923 jobs were added last year according to the Chamber of Commerce. This has created a huge demand for work-force housing such as this. The property has a good unit mix that allows you to accommodate most tenants’ requests. A separate building houses a small office, laundry/mailbox, and a maintenance shop. There are also two large storage sheds for storing supplies. Current owners have spent over $250,000 in the last two years on capital expenditures. This property is currently being managed by Volunteer Properties (volprop.com)

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 20 £440.00 757
2+1 16 £540.00 757
3+1 18 £590.00 900
4+1 2 £650.00 1,000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
078G-D-037.01
Land Assessment
£15,530
Improvements Assessment
£166,770
Total Assessment
£182,299

zoning

Zoning Code MULTIFAMILY (40+ UNITS)
MULTIFAMILY (40+ UNITS)
  • Listing ID: 15081548

  • Date on Market: 05/02/2019

  • Last Updated:

  • Address: 405 Oak St, Lawrenceburg, TN 38464

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