Davidson County.

Overview

Davidson County, Tennessee, is a thriving hub in the multifamily real estate market, encompassing a diverse range of opportunities across its municipalities. Nashville, the vibrant capital, stands as the epicenter of the county, known for its burgeoning music and healthcare industries. With a combined population that reflects both urban energy and suburban tranquility, Davidson County provides an attractive landscape for multifamily real estate investment, offering proximity to Nashville’s dynamic job market and cultural scene while presenting diverse living options tailored to the needs of a growing population.

Key Neighborhoods

East Nashville – Filled with young professionals and quickly gentrifying neighborhoods. 40% of East Nashville Residents are renters.

The Nations – Located just minutes from TSU just outside of the 440 loop the Nations has a very competitive rental market with 2 bedrooms renting for north of $1800/mo on average.

Madison -Development is happening Madison, and within a few years this area will be undergoing some massive transformations including a 100 million dollar mixed use development.

Antioch – Perhaps one of the most diverse and robust rental markets in all of Davidson County. You will find a wide mix of properties ranging from A all the way to D class properties.

  •

    North 5th Triplex

    $599,000
    Welcome to an exclusive investment opportunity with this rare triplex in East Nashville, TN. Conveniently positioned at 1127 N. 5th Street, this multifamily property beckons experienced investors seeking to leverage the undeniable potential of the Nashville real estate market.

    Key Property Details:

    • Location: 1127 N. 5th Street, Nashville, TN 37207
    • Built: 1956
    • Unit Mix: (All Units Currently Vacant)
      • 1 x 3-bedroom, 2-bathroom unit
      • 1 x 2-bedroom, 1-bathroom unit
      • 1 x 1-bedroom, 1-bathroom unit
    • Construction: Brick and hardy plank exterior
    • Utilities: Individually metered for water, electricity, and gas
    • HVAC: Central Heat and Air in 2 units, Baseboard and window units in 1 Unit.

    Why Nashville?

    East Nashville has become a hotspot for multifamily investments due to a confluence of factors that make it a standout market:
    1. Music City's Economic Crescendo: As a dynamic economic hub, Nashville has experienced substantial growth across various sectors, including healthcare, technology, and finance. This translates into a robust job market, attracting a diverse and growing population.
    2. Population Magnet: Renowned for its cultural vibrancy and quality of life, Nashville consistently draws new residents. The influx of people fuels demand for rental properties, making it an ideal environment for multifamily investments.
    3. Tourism and Entertainment Capital: Nashville's status as a premier tourist destination ensures a steady demand for short-term and long-term rental properties. The city's entertainment scene, cultural attractions, and events contribute to the year-round appeal for residents.
    4. Thriving Arts and Education Scene: Home to world-class universities, a burgeoning arts scene, and a commitment to education, Nashville attracts students, young professionals, and families, creating a diverse tenant base.

    Investment Highlights:

    • Unit Diversity: The property's mix of 3-bedroom, 2-bedroom, and 1-bedroom units caters to a broad demographic, enhancing tenant appeal and marketability.
    • Low Maintenance: The combination of brick and hardy plank exterior ensures durability and low maintenance costs, providing long-term value for investors.

    Operational Advantages:

    • Individually Metered Utilities: Tenants are responsible for their water, electricity, and gas usage, minimizing operational complexities and optimizing expense management.
    • Conveniences: there are Washer/dryer in each unit that will be sold with property 

    Value-Add Opportunities:

    • Rental Rate Optimization: Substantial upside potential exists through the adjustment of rents to align with current market rates, optimizing cash flow and overall property value.
    • Strategic Renovation: Enhance the property's overall appeal by renovating the 2/1 and the 1/1 units, increasing its rental potential and attracting high-quality tenants.
    • DADU Zoning: The property is zoned for a Detached Accessory Dwelling Unit (DADU), opening up additional development possibilities for savvy investors seeking to maximize the property's potential.
    This is a rare opportunity to capitalize on the dynamic growth of Nashville. For a comprehensive financial analysis, renovation projections, and to discuss the strategic potential of this multifamily property, connect with us today. Your investment journey in the heart of Nashville awaits. Disclaimer: This offering is exclusively available to qualified investors. Due diligence is recommended, and all interested parties should consult with their financial advisors before making investment decisions.
    Details
  • Sale!

    Jefferson Flats

    Original price was: $2,499,000.Current price is: $2,125,000.
    Status

    Address

    Number of Units

    Property Type

    Sqft

    Listing Agent

    Agent Email

    landon@ria-inc.com
    County

    Welcome to Jefferson Flats, a lucrative investment opportunity strategically positioned just minutes away from Tennessee State University and the vibrant heart of Downtown Nashville. This updated and well-maintained 12-unit apartment complex, spanning 7,300 square feet, presents a unique blend of prime location and strong rental potential. Originally constructed in 1963, Jefferson Flats has undergone extensive renovations, ensuring a modern and appealing living space for tenants. Each unit currently commands nearly $1,250 per month in rent, and with the opportunity to further align with market trends, there's room for increased returns in the coming year.

    Additionally, Jefferson Flats is approved for use as a Non-Owner-Occupied Short-Term Rental in Nashville, opening up an additional revenue stream for savvy investors looking to capitalize on Nashville's thriving tourism market. Jefferson Flats is not just an investment; it's a path to sustainable and growing returns in the heart of Music City.

    Property Overview:
    • Unit Composition: 12 - 2bd/1ba
    • Recent Updates: Large amount of capital has gone into this property since 2021 making it a turnkey investment.
    • HVAC Systems: PTAC HVAC install in all units
    • Utilities: Separate electric meters for each unit, enhancing tenant responsibility and reducing owner expenses.
    • Water Management: Master water paid by the seller with a RUBS (Ratio Utility Billing System) in place for most tenants, optimizing cost distribution.
    Structural Enhancements:
    • New Roof
    • Sewer Line Repair
    • Vapor Barrier installation
    • Building Supports
    • Exterior Lights
    • Electrical Panels
    • Water Heater Replacements
    • LVL Supports
    • Plumbing Repairs & Updates
    Convenience Features:
    • In Unit Laundry: All Units are equipped with in-unit laundry hook ups.
    • Location: Minutes from Downtown Nashville and TSU
    Details

  • Sharpe Avenue Duplex

    $450,000
    Status

    Address

    Number of Units

    Property Type

    Sqft

    Current Listing Price

    Listing Agent

    Contact

    615-267-3788
    County

    Located in the very convenient Greenwood neighborhood of Nashville, Tennessee. Sharpe Ave is located just blocks away from the growing 5 Points and 10 minutes from Nissan Stadium- showing signs for the long-term investor. This duplex was built in 1950.
    Details

  • Monaco Duplex

    Status

    Number of Units

    Property Type

    Sqft

    3150
    Current Listing Price

    Listing Agent

    Contact

    615-551-1189
    County

    Seize a lucrative investment opportunity with this exceptional duplex in sought-after Davidson county. This property boasts not one but two income-generating units, each featuring 3 bedrooms and 1.5 bathrooms, spread across a spacious 1575 square feet. With modern upgrades, a newer roof and AC units, maintenance becomes a breeze. Rental comps strongly support market rents in the range of $1800 to $2100 per side, ensuring a steady and substantial return on your investment. Whether you're an experienced investor looking to diversify your multifamily portfolio or a savvy newcomer eager to step into real estate, this duplex promises a solid, long-term investment with remarkable income potential.
    Details

  • Madison Gardens

    $1,900,000
    Status

    Address

    Number of Units

    Property Type

    Sqft

    Current Listing Price

    Listing Agent

    Contact

    615-909-2278
    County

    Welcome to this exceptional investment opportunity - a 14-unit apartment complex located in Davidson County, just 15 minutes from downtown Nashville. Built in 1972, this fully occupied property offers tremendous value-add potential. Consisting of 1 bedroom/1 bathroom units, it caters specifically to investors looking for an income-generating asset. The classic charm, coupled with its great location, ensures a full rent role. Located just 6 minutes from the approved site of Madison Station, a $631 million work/live/play development, the long-term outlook for the area is very bright. Don't miss out on this excellent chance to acquire a profitable venture in this up and coming community.

    Investment Highlights

    Ability to Raise Rents - Currently the occupied unites are sitting below market rent based upon comparable properties in the area. Rents could be raised with minimal cap-ex, however some maintenance issues will be required to make units rent ready. Location - Securely located across the street from Metro Police Department's Madison Precinct, this property sits blocks from the new apartments currently under construction and just minutes from the proposed Madison Station mixed-use development.
    Details

  • 1203 Cline Duplex

    $450,000
    Status

    Address

    Number of Units

    Property Type

    Sqft

    Listing Agent

    Contact

    615-857-6390
    Agent Email

    albert@ria-inc.com
    County

    Located in the very convenient Greenwood neighborhood of Nashville, Tennessee. Cline Ave is located just blocks away from the growing 5 Points area and 10 minutes from Nissan Stadium- showing signs for the long-term investor. This duplex was built in 1950.

    Investment Highlights

    Location, Location, Location - This property is minutes from downtown in the booming East Nashville Neighborhood. The community has seen a recent influx of high end homes making this property a prime candidate for new development. Value Add Opportunity - This property could use some TLC from its new owner which will allow you to bring in more per month in rent. The neighborhood supports rent increases, however the property will require some capital expenditures to do so. Owner Occupant - Those new to multifamily investing may want to start with an owner occupant scenario which this property supports.
    Details

Comprehensive Brokerage Services for the Southeast’s Multi-Family Housing Investment Landscape

Overview

Business Info

248 B Jackson Meadows Dr
Hermitage, TN 37076

(615) 965-8800
info@ria-inc.com

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