2BD Apartment Community w/ Appealing Amenities: All of the property’s 105 units are 2BD. Amenities package includes a Resort-Style Swimming Pool, Playground, Sports Court, & Dog Park.
Proven Value-Add Program: Currently, 72 of Heritage Place’s 105 units have been renovated and are achieving an average rent premium of $100 on recent leases.
Management Upside via Expense Reduction: Several expenses from the property’s financials are significantly above submarket averages.
Primed for Rent Growth: The Williamson County submarket has seen record rent growth this year of 18.5% YTD.
Nationally Ranked Williamson County: Heritage Place is located in one of the most desirable locations in TN and the nation for its excellent schools, business friendly climate, low taxes, and wide variety of retail and entertainment options.
Major Nearby Development:
McEwen Northside: 45-acre mixed-use environment
Barry Farms: 3 phase, 600+ acre master planned mixed-use project