Oakwell Farms Apartments, built in 1987 (218-unit Phase I) and 1989 (192-unit Phase II), provides a unique opportunity to acquire free and clear ownership of a high quality, institutionally owned and managed apartment community with significant value-add upside potential. Oakwell is located in Hermitage, TN approximately 12 miles east of Downtown Nashville and six miles northeast of Nashville International Airport, within the Nashville-Davidson-Murfreesboro-Franklin, TN Metropolitan Statistical Area (MSA).
Oakwell Farms is a 410-unit garden apartment community with 31 two- and three-story residential buildings, a single-story clubhouse building, a fitness center building and a maintenance building situated on 31.7 acres of land. Community amenities include a spacious clubhouse with a resident business center and free Wi-Fi; two resort-style swimming pools; an expansive, state-of-the-art fitness center; two lighted tennis courts; a volleyball court; a playground; a pond; and picnic and grilling areas. There are 716 surface parking spaces providing a parking ratio of 1.75 spaces per unit. The property is surrounded by beautiful mature landscaping.
Oakwell Farms Address: 1800 Oakwell Farms Lane, Hermitage, TN 37076
List Price: To be determined by market
Existing Financing: None
We will be conducting tours of the property on the following dates:
- December 18-20, 2019
- January 15-17, 2020
All requests for information and property visits should be arranged through the persons specified below. In no event should the property be contacted directly.
Call for offers will take place on Wednesday, January 29, 2020.
Thank you for your further interest in our property. In order to access the property Offering Memorandum & Financial Information, you must complete the Confidentiality Agreement and fax it to Noel Belli or Vincent Menechino at 212-603-4960, or email to [email protected] to gain access to our disposition portal.