Landon Hoffman.

Investment Agent

Featured Listings

  • Lakeside Apartments in Knoxville, TN an excellent Investment Property

    Lakeside Apartments

    $1,250,000
    Status

    Property Type

    Number of Units

    Address

    Sqft

    Listing Agent

    County

    Knox
    Lakeside Apartments are  a prime investment opportunity in the thriving market of Knoxville, TN. Located at 500 & 506 Lakeside Street, this multifamily property represents a golden prospect for seasoned investors looking to capitalize on the robust potential of the Knoxville market.

    Key Property Details:

    • Location: 500 & 506 Lakeside Street, Knoxville, TN
    • Built: 1968
    • Unit Mix: 11 Two-bedroom units, 1 One-bedroom unit
    • Construction: Mostly brick exterior
    • Utilities: Master water meter with RUBS in place; Individual electricity metering

    Why Knoxville?

    Knoxville stands out as an exceptional market for multifamily investment, driven by a combination of economic, demographic, and lifestyle factors. Here's why:
    1. Economic Growth: Knoxville has experienced steady economic growth, supported by diverse industries, including healthcare, manufacturing, and technology. This stability translates to a reliable tenant pool for multifamily properties.
    2. Population Growth: The city has consistently attracted a growing population, fueled by its affordability, quality of life, and a strong job market. More people moving to the area means increased demand for rental properties.
    3. Educational Hub: Home to the University of Tennessee, Knoxville is a hub for education, drawing students and faculty members. This ensures a consistent demand for rental housing in the vicinity.
    4. Proximity to Urban Amenities: Residents enjoy the benefits of urban living with a wide range of amenities, entertainment options, and cultural attractions. Proximity to recreational areas, parks, and the waterfront enhances the overall appeal of the location.

    Investment Highlights:

    • Built-in Cash Flow: The property's eleven 2-bedroom units and one 1-bedroom unit provide a stable and diversified income stream.
    • Value-Add Opportunities: Unlock significant value by renovating older units to meet modern standards. Implementing strategic upgrades can lead to higher rental rates, increasing the property's overall income potential.

    Utilities:

    • Water: With a master water meter and RUBS system in place.
    • Electricity: Each unit is individually metered for electricity.
    The Path to Profit: The investment strategy for 500 & 506 Lakeside Street revolves around capitalizing on the strong market fundamentals of Knoxville. Investors can achieve increased returns through targeted renovations and rent adjustments, aligning rental rates with the current market trends. Seize the opportunity to be a part of Knoxville's growth story. For detailed financials, renovation projections, and a personalized investment analysis, contact us today. This multifamily gem is poised to deliver long-term value and financial success in the dynamic Knoxville market. 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

  • 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: $2,299,000.
    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

  • 1358 Moss Rose Road

    $219,000
    Status

    Address

    Number of Units

    Property Type

    Sqft

    1100
    Listing Agent

    Contact

    615-267-3788
    County

    Welcome to this quaint duplex nestled in the heart of Clarksville, Tennessee, offering a prime opportunity for the savvy real estate investor. This beautifully renovated property boasts two spacious units, one of which is currently vacant, while the occupied unit generates a steady income of $1,100 per month, showcasing the income potential this investment holds. Located in a tranquil and friendly neighborhood, this duplex provides a serene oasis just minutes away from the bustling downtown area of Clarksville. With its turnkey status, this property promises a hassle-free investment experience, making it an ideal choice for those seeking to capitalize on the thriving real estate market in this charming Tennessee town. Don't miss out on the chance to make this duplex your next real estate success story!
    Details

  • 809 Old Hickory Blvd

    Status

    Listing Agent

    Details

  • 200-208 E. Palestine Ave.

    Status

    Current Listing Price

    Listing Agent

    Details

  • 143 Darlene Drive

    Status

    Current Listing Price

    Listing Agent

    Details

  • 517 Sharondale Dr

    Status

    Address

    Number of Units

    Property Type

    Sqft

    Current Listing Price

    Listing Agent

    Contact

    615-909-2278
    Two duplexes, four total units located on a large corner lot in a quiet neighborhood. All units are 2 bed/1 bath units with unfinished garage/bonus room downstairs with internal access. Two units have received minor cosmetic upgrades which turned into a rent increase of $200+. There’s a great opportunity for a new owner to finish out the basement area to add to the square footage and appeal to tenants as a bonus room. New buyer could potentially go as far to replace the garage door to the bonus room with French doors and add another bedroom and bathroom to every unit. W/D hookups already installed downstairs.
    Details

  • 595 Walton Ferry Rd

    Status

    Address

    Number of Units

    Property Type

    Sqft

    Current Listing Price

    Listing Agent

    Contact

    615-909-2278
    • 3 bd
    • 1 ba
    Offers welcome, tenant in place until end of July, no showings until August 1st, 2022. Very well kept and updated ranch style home located near Old Hickory Lake with quick access to major highways. Updates since 2013, new roof in 2016, new water heater in 2018, new AC in 2013, front and back doors replaced, all windows replaced, renovated kitchen with new cabinets and stainless steal appliances, laminate flooring (original hardwoods underneath), bathrooms remodeled, fenced in backyard. Storage shed out back, wired for electric. Drive by’s welcome.
    Details

  • 2009 Jones Cir

    Status

    Address

    Number of Units

    Property Type

    Sqft

    Current Listing Price

    Listing Agent

    Contact

    615-909-2278
    • 4 bd
    • 2 ba
    Spacious 4 bedroom home located on a huge lot less than 10 min from downtown Nashville. This home features hardwood flooring on the first floor, a security system, new HVACs, new roof, new windows, a sizeable covered porch and beautiful landscaping. Plenty of room to build a garage or workshop. Best price per square foot in the neighborhood!
    Details

  • Lawrence Landing

    Status

    Address

    Number of Units

    Property Type

    Sqft

    Current Listing Price

    Listing Agent

      SOLD Nestled back on a quiet street in Lawrenceburg, this property offers a variety of unit types and an opportunity to raise rents with some simple unit flips. An onsite office, plus an onsite laundry room and an onsite dog park make this a desirable place for many tenants to live. The immediate upside in rents with the long-term growth potential of many the towns on the I-65 corridor south of Nashville make Lawrence Landing a great opportunity for any investor looking to ride the growth of Nashville and its tertiary markets. Please reach out to Albert Drake for more information on financials and showing times.
    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

We are not a law firm or financial advisor and our employees are not acting as your attorneys. The information contained in the Site is general legal information and should not be construed as legal or financial advice to be applied to any specific factual situation.

Fair Housing Act Disclosure: The Act makes fair housing a national policy throughout the U.S. It prohibits discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable because of race, color, religion, sex, disability, familial status or national origin.

© 2024 • Residential Investment Advisors Inc

Back to top