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.

  • 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.
  • 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]