
The Glenwood
3029 W Glenwood Ave, Philadelphia, PA, 19121, US
49 eenheden
JLL, as exclusive advisor, is pleased to present for sale Residences at 6750 (the “Property”), a 133-unit, to be complete multi-housing opportunity located in Lebanon, TN. Offered as an REO sale, the Property consists of 1- & 2-bedroom homes currently in various stages of construction. Residences at 6750 presents the opportunity to acquire a BTR community within a rapidly growing Nashville suburb, with the ability to capture additional upside through the construction of future homes on the property’s excess land.
Ideally situated in Lebanon, residents enjoy the serenity and conveniences of suburban living while maintaining a ±30-minute commute to Downtown Nashville. Residents also benefit from a plethora of nearby jobs with major nearby employers including Amazon, Under Armour, FedEx, and Starbucks.
Outsized Discount to Construction Cost
Residences at 6750 presents future investors the opportunity to purchase a newly built asset at a discount to the original developer’s cost basis.
Opportunity For Additional Development
A future owner has the opportunity to create additional value through completion of community amenities and the addition of new homes.
Newly Built Multi-Housing Asset
Existing units at The Property include EnergyStar appliances, tile backsplash, granite countertops, under-cabinet recess lighting, LVP flooring, chrome fixtures, crown molding, and ceiling fans.
Rapidly Developing Nashville Suburb
Lebanon has experienced unprecedented growth over the last decade due to its strategic location, high quality of life with below average cost of living and numerous corporate relocations.
Access to an Abundance of Employment
Lebanon’s strategic location between I-40 and I-840, its low cost of living and high quality of life, and business friendly environment all contribute to the booming job market characterized by major distribution and logistics operations