43 Riverbrook Cove
Brownsville, TN 38012
$3,600,000
Riverbrook Apartments is a 48-unit multifamily community in Brownsville, Tennessee, the seat of Haywood County and home to Ford's BlueOval City campus. The property consists of six buildings with 40 two-bedroom/two-bath and 8 three-bedroom/two-bath units. Each unit features a full kitchen with electric range, dishwasher and refrigerator, a walk-in closet in the primary bedroom, and washer/dryer connections. Community amenities include a community room, on-site laundry facility, central mail center, playground and picnic area. Riverbrook exited the LIHTC program through the qualified contract process, and the three-year protection period has fully expired. With no remaining affordability restrictions, the property is available for market-rate leasing, giving a new owner full flexibility on rents and leasing strategy. BlueOval City. BlueOval City, a $5.6 billion manufacturing campus in Stanton, sits in the same county as Riverbrook. Ford expects to begin production at its Tennessee Truck Plant in 2029 and projects approximately 2,300 jobs there. The campus also includes a battery manufacturing plant targeting production in 2028. As hiring ramps up, Brownsville is positioned to benefit from demand for nearby workforce housing, and Riverbrook's two- and three-bedroom floor plans suit that renter base. Investment Outlook. Riverbrook offers an established multifamily asset, free of affordability restrictions, in the same county as one of the largest industrial projects in Tennessee history. Proximity to BlueOval City provides long-term demand upside on top of the property's existing operations. BlueOval City-BlueOval City, a $5.6 billion manufacturing campus in Stanton, sits ...
+ Read More| MLS #: | 2605095 |
|---|---|
| List Price: | $3,600,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment |
| Status: | Active |
| Living Area: | 49,229 |
| Tax Annual Amount: | $19,103 |
| Lot Size Square Feet: | 217,800.0 |
| Lot Size Acres: | 5.0 |
| Waterfront?: | No |
| City: | Brownsville |
| County Or Parish: | Haywood |
| Postal Code: | 38012 |
| Year Built: | 2002 |
| Construction Materials: | Brick, Vinyl Siding |
| Cooling: | Central Air |
| Lot Size Units: | Acres |
| Heating?: | Yes |
| Cooling?: | Yes |
| State Or Province: | TN |
| Lot Features: | Cul-De-Sac, Level |
| Utilities: | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| Sewer: | Public Sewer |
| Status: | Active |
| Lot Size Area: | 5.0 |
| Heating: | Central |
| Flooring: | Carpet, Ceramic Tile, Vinyl |
| Water Source: | Public |
| Lot Size Dimensions: | 5 acres |
| Parcel Number: | 075M A 022.01 |
| Exterior Features: | Other, Playground |
| Window Features: | Aluminum Frames, Vinyl Frames |
| Community Features: | Playground, Street Lights, Sidewalks |
| Roof: | Composition |
| Garage?: | No |
| Directions: | Starting from Town and Country Realtors @ 1944 Hwy 45 Bypass, Jackson, TN, take I-40 West toward Memphis. Take Exit 56 onto TN-76 North toward Brownsville. Continue into Brownsville to TN-76 E/Anderson Ave in Brownsville. Continue on TN-76 E/Anderson Ave to Riverbrook Cove- Riverbrook Apartments are located in the cove. |
| Foundation Details: | Slab |
| Owner Pays: | Common Area Maintenance, Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Management, Pest Control, Repairs, Roof Maintenance, Taxes, Trash Collection |
| Parking Total: | 60 |
| Tenant Pays: | All Utilities |
| Road Frontage Type: | City Street |
| Road Responsibility: | Public Maintained Road |
| Special Listing Conditions: | Standard |
| Original List Price: | $3,600,000 |
| Laundry Features: | Electric Dryer Hookup, Laundry Room, Washer Hookup |
| Possession: | Close Of Escrow |
| Living Area Source: | Assessor |
| Road Surface Type: | Asphalt |
| Stories Total: | 2 |
| Basement YN: | No |
| Basement YN: | No |
| Community Features 2: | Playground, Street Lights, Sidewalks |
| General Property Information Accessibility Features Yn: | No |
| Contract Information Comp Sale Yn: | No |
| Number Of Units Leased: | 37 |
| Levels: | Two |
| Elementary School District: | Haywood County Schools |
| Total Actual Rent: | $37,843 |
| Number Of Units Vacant: | 11 |
| 2-bedroom Unit Details Baths Total: | 2 |
| 2-bedroom Unit Details Unit Type Description: | 2 bedrooms, and 2 full bathrooms |
| 2-bedroom Unit Details Units Total: | 40 |
| 2-bedroom Unit Details Baths Full: | 2 |
| 2-bedroom Unit Details Unit Type Total Rent: | $1,150 |
| 3-bedroom Unit Details Baths Total: | 2 |
| 3-bedroom Unit Details Unit Type Description: | 3 bedrooms/2 full bathrooms |
| 3-bedroom Unit Details Units Total: | 8 |
| 3-bedroom Unit Details Baths Full: | 2 |
| 3-bedroom Unit Details Unit Type Total Rent: | $1,250 |
| General Property Information Number Of Buildings: | 6 |
| General Property Information List Price/acre Backup: | $720,000 |
| General Property Information Number Of Units Total: | 48 |
| Location, Tax, And Legal City Tax: | $8,304 |
| Location, Tax, And Legal County Tax: | $10,800 |
| Location, Tax, And Legal City Limits: | Yes |
| Ceiling Heights: | 8 Foot |
Listing Courtesy of: Town and Country
Listing Agent: Kristen Londe
731-431-2799
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Central West Tennessee Association of REALTORS® data last updated on November 04, 2026 03:58 PM - CT.
Property Last Updated: November 04, 2026 03:58 PM - CT
