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30084602
30084614

156 Silver St, Tullahoma, TN 37388

LH
TN TN351463, TN 266555
Residential Investment Advisors LLC
Listed by Residential Investment Advisors LLC
$2,550,000
110 days on market
Updated 6 days ago

Lenox Townhomes

Details
APN 1.19
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,480
Net Rentable (SqFt) 18,480
Units 16
Cap Rate 6.04%
NOI $154,000
Occupancy 94%
Pro-Forma Cap Rate 6.27%
Pro-Forma NOI $160,000
Price per SqFt $138
Broker Co-Op Yes
Class A
Year Built 2018
Buildings 2
Stories 2
Investment Type Stabilized

Class A, stabilized asset, assumable Fannie SBL debt at 4.28%

Marketing description

Lenox Townhomes is a Class A, 16-unit townhome community located at 156 Silver Street in Tullahoma, Tennessee. Built in 2018, the property consists of two well-constructed buildings totaling approximately 18,480 square feet on 1.19 acres. The community features sixteen spacious 2-bedroom, 2.5-bath townhomes, each offering roughly 1,155 square feet of thoughtfully designed living space. Interior finishes include granite countertops, stainless steel appliances, LVP flooring on the main level, carpet upstairs, and in-unit washers and dryers that transfer with the sale.

Investment highlights

  • Stabilized, professionally managed, consistent occupancy and operations

  • Well built, well maintained, ideal unit style and finishes

  • Assumable Fannie SBL debt available to those who qualify

    • 4.28% rate, fixed until March 2033

  • Growing tertiary market with direct access to I-24 (Nashville N, Chattanooga S)

Listing Contacts

LH
TN TN351463, TN 266555
Residential Investment Advisors LLC
Listed by Residential Investment Advisors LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$154,000.00
$12,833.33/mo

Valuation Metrics

0
DSCR
6.04%
Cap Rate
6.04%
ROI

Map

Zoning

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R-3 ResidentialMulti FamilyHigh Density Residential District
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View all 13 uses
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Last updated Jan 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Landon Hoffman
License
TN351463
Brokerage
Residential Investment Advisors
Title
Broker
Brokerage Address
248 Jackson Meadows Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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