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In a pocket of McMinnville that has an excellent rental market, this portfolio of 38 units is great for a long-term investor who is looking for a true value-add acquisition. 30 units are 2 beds/1 baths, 7 units are 2 bed/2 baths, with an additional 1 bed/1bath office conversion available. 4 burned units can be rebuilt to add the total unit count to 42. Rents have an opportunity to be pushed with a strategic investment of exterior CapEx, aggressive property management, and some interior cosmetic updating. W/D hookups in each unit and positioned for possible agency financing upon stabilization! -
Sale!
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.
Albert Drake.
Investment Agent
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