Building Details:
734 Ordnance Dr is located in Church Hill, TN.
54 units, one used as office, 49 - 2 bedroom and 5 - 1 bedroom units. Apartments need renovations, some more than others. Priced cheap at $18,426 per unit. New management effective 1-1-11. Currently 20 units rented at $400 per month and 3 rent ready, some rents in area at $580 to $630. New carpet and paint with some appliances being replaced to get them rent ready. Two buildings have water pipes that have burst. Roofs have been patched and currently no leaks. Central HVAC units are old. W/D hook ups and dishwashers in each unit. Electric and water separately metered. Probably need to build entrance, seal and stripe parking lot and may want to put privacy fence along back side of property. This is a money making deal for right person!
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