303 S Poplar St, Paris, TN

Name: 303 S Poplar St, For Sale in Paris - Zoocasa
Brand: SVN Accel Commercial Real Estate
SKU: 3279199
Price: 1800000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,800,000

000

MLS® 3279199

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 16876 sqft

Garage

Taxes $3,548

Days Active 6

Lot Size

Approx. Age 1940

Avg. Price Per Sqft $106

MLS® Number 3279199

Property Address: 303 S Poplar St, Paris, TN, 38242

Average square foot calculated using Size range provided by listing agent.

Description

SVN | Accel Commercial Real Estate is pleased to present 303 Flats, a 28-unit multifamily investment opportunity located at 303 S. Poplar Street in Paris, Tennessee. This substantially renovated asset presents investors with the opportunity to acquire a well-positioned apartment community featuring immediate in-place cash flow, strong occupancy, and continued upside through lease-up and future rent growth. Situated on 0.784 acres, 303 Flats encompasses approximately 16, 876 square feet, including 15, 750 sf of residential space across 28 units. The property's diverse unit mix consists of (13) studio units, (10) one-bedroom/one-bathroom units, (4) two-bedroom/one-bathroom units, and (1) two-bedroom/one-and-one-half-bathroom unit. The remaining square footage includes an on-site office, maintenance area, and laundry facilities. Currently 93% occupied, the property offers investors an opportunity to increase occupancy and further enhance cash flow. Ownership has completed an extensive renovation program across 25 of the property's 28 units, investing in new flooring, cabinets, appliances, lighting fixtures, trim and baseboards, ceiling fans, bathroom vanities, and interior paint. Significant exterior and capital improvements include fresh exterior paint, a newly paved parking lot, and approximately $20, 000 in foundation repairs, creating a highly attractive, low-maintenance investment opportunity with limited near-term capital expenditure requirements. The sale includes 3 parcels, including two land parcels located behind the existing building.

MLS® Number3279199

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1940

Basement

Driveway

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Appliances, Other

Map

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