Coffee County.

Middle Tennessee map with Coffee County highlighted in blue Coffee County, Tennessee, is a hidden gem in the multifamily real estate landscape, offering a unique blend of tranquility and economic opportunity. Tullahoma, a central city in the county, is characterized by a diverse economic base, with aerospace, manufacturing, and healthcare sectors providing stability and growth. The city’s welcoming atmosphere is complemented by the stunning Tims Ford Lake, making it an attractive destination for those seeking a balance between work and leisure. With a growing population drawn to Tullahoma’s thriving job market and recreational amenities, Coffee County stands out as an ideal investment opportunity for multifamily real estate. Its strategic location, just a short drive from Nashville, further enhances its appeal, allowing residents to enjoy the benefits of small-town living while remaining well-connected to the vibrant opportunities of the nearby metropolitan hub.

  •

    The Landings at Red Rock

    $4,300,000
    Status

    Active
    Address

    407 North College St. Tullahoma, TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Agent Email

    landon@ria-inc.com
    County

    The Landings at Red Rock, situated in Tullahoma, Tennessee, is a multifamily property with turnkey benefits and a simple value add opportunity. It comprises 40 units, consisting of 32 one-bedroom and 8 two-bedroom apartments, and offers a patio and grilling area for its residents.

    The property was first renovated in 2020, however, since 2020 the current owner has upgraded the finishes and appliances in 39 of 40 units, replaced all three roofs with new rubber membrane, and installed 40 new HVAC systems. These significant investments will help reduce expenses for the new owner.

    Strategically located near Arnold Air Force Base, the property benefits from a stable tenant base. Tullahoma offers excellent public schools and diverse employment opportunities in engineering and healthcare, contributing to consistent tenant demand.

    The Landings at Red Rock presents an attractive investment opportunity with its strategic location and potential for value-add enhancements.

    Property Overview:

    • Painted Brick Exterior
    • 2 Stories
    • Flat Rubber Membrane Roof
    • Central Heat and Air
    • Individual Electric Meters
    • RUBS for Water

    Convenience Features:

    • In Unit Laundry: Currently available in only 2 units
    • Location: Minutes from Downtown Tullahoma

    Investment Highlights

    • Fully Renovated Property: The Landings at Red Rock was first renovated in 2020, with additional unit updates and HVAC replacements taking place in the last 3 years.
    • Value-Add Opportunities: Adding storage and a laundry room will enhance tenant satisfaction, allow you to increase rents and generate additional income.
    • Unit Mix: The property offers 32 one-bedroom and 8 two-bedroom units, catering to various tenant needs.
    • Prime Location: Situated in Tullahoma, the property benefits from proximity to Arnold Air Force Base, excellent schools, and easy access to Chattanooga and Murfreesboro.
    • Stable Employment Base: The presence of the Air Force base, local hospitals, and engineering jobs ensures a consistent demand for rental units.
    • Ratio Utility Billing System: RUBS have been fully implemented with current tenant base.
    Details
  • Multifamily in Manchester, TN

    Hayfield Square

    $12,125,000
    Status

    Active
    Property Type

    Number of Units

    Address

    91 Hayfield Square, Manchester, TN 37355
    Sqft

    Listing Agent

    County

    When it comes to finding multifamily in Manchester, TN it doesn't get much better than this. Hayfield Properties is a group of 32 duplexes and 10 quadplexes conveniently located in Manchester Tennessee. There are 104 total units built between 1974 and 1991. The unit mix includes everything from 1/1 units all the way to 3/2 units, helping to maintain a stable rent roll.

    Key Property Details:

    • Location: Manchester, TN
    • Built: 1975-1991
    • Unit Mix:
      20 - 1/1 units
      48 - 2/1 units
      6 - 2/2 units
      24 - 3/1 units 6 - 3/2 units
    • Construction: Mostly Brick exterior with Composite Shingle Roof
    • Utilities: Individual water and electricity metering
    • Central Heat and Air in All units
    • On site laundry Facility

    Investment Highlights:

    PRIME LOCATION - There are 3 cities within an hour’s drive. Murfreesboro is just 33 miles, Nashville is 54 miles and Chattanooga is only 70 miles south-east on I-24. This central location makes Manchester a great spot for developers and investors.

    IMPRESSIVE DEMOGRAPHICS - According to the Tennessee Department of Commerce there are 6 higher education institutions, almost 30K auto manufacturing jobs and over 22k advanced manufacturing jobs all within a 45 minute drive of this location.

    VALUE ADD OPPORTUNITY - Currently these rents are averaging around $715/month on 88% occupancy. Market rates indicate a potential for an additional rent increase with minimal capital expenditures. The current owner has done a good job maintaining the property, however Manchester is a growing community and with the proximity to the freeway and a steady demand on housing, renovating the units creates an excellent value add opportunity.

    INDIVIDUALLY PARCELED -  Some investors could certainly take all 104 units and continue to operate the property as is. However many of the duplexes and quadplexes already sit on their own individual parcel giving investors the ability to purchase a smaller package, or buy the whole lot and sell them off individually. LOCATED NEAR APPROVED I-24 INDUSTRIAL SITE  - A 2,000 acre industrial development is underway just minutes from these properties. This new development has the potential to create 1000s of new jobs and bring in more major companies to the area. Check out the plans here. Disclaimer: This offering is available to qualified investors. Due diligence is advised, and all interested parties should consult with their financial advisors before making investment decisions.
    Details

  • Lenox Apartments

    $2,000,000
    Status

    Sold
    Address

    156 Silver Street, Tullahoma TN 37388
    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    Newly built in 2018, B+ asset in Tullahoma, TN with great curb appeal. [Listing Pending: Accepting Backup Offers]
    Details

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Overview

Business Info

248 B Jackson Meadows Dr
Hermitage, TN 37076

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