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This small multifamily 4-structure property in Columbia, TN offers a solid investment opportunity for those looking to do the work of rehabbing old homes. Priced at $500,000, it includes four existing buildings on 0.53 acres, between 2 adjacent parcels, zoned SD-LI non-conforming (light industrial). Renovated homes in the area are selling between $215,000 to $250,000, indicating strong equity potential. This property presents a chance to add desirable homes in a growing market. -
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. -
Are you a savvy investor looking to buy apartments in Middle Tennessee? Brookside Apartments, a 16-unit property located at 100 Brookside Drive in Clarksville, TN, offers an excellent opportunity for investors to expand their multifamily portfolio. With a competitive asking price of $1.55 million and a 6.2% cap rate under current operations, this fully renovated property features low maintenance, high occupancy, and a prime location just minutes from Fort Campbell Military Base. Whether you’re looking to invest in the thriving Middle Tennessee rental market or secure a turnkey multifamily property, Brookside Apartments is an investment worth considering. For more details, click the "Get More Information" button below!Investment Highlights
- Major Renovations Completed: Fully renovated in 2019, including exterior upgrades and interior renovations across all 16 units, with new mini-split systems and dehumidifiers installed.
- High Occupancy, Low Turnover: Strong leasing history with consistent tenant demand in the growing Clarksville rental market.
- Low Maintenance: 16 one-bedroom apartments with durable painted block exteriors and minimal landscaping requirements.
- Prime Location: Situated just 1 block from Ft. Campbell Blvd and only 3.5 miles from Fort Campbell Military Base, surrounded by new construction and thriving development.
- Management Continuity: Existing property management has effectively maintained high occupancy and low turnover and is available to continue managing the property post-sale.
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Sale!
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.
- New Roof
- Sewer Line Repair
- Vapor Barrier installation
- Building Supports
- Exterior Lights
- Electrical Panels
- Water Heater Replacements
- LVL Supports
- Plumbing Repairs & Updates
- In Unit Laundry: All Units are equipped with in-unit laundry hook ups.
- Location: Minutes from Downtown Nashville and TSU
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1. Browse the Available Properties
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Once you’ve done your research on a bundle of properties, contact us and we’ll submit your offer. NOTE: Interested parties must register an account prior to viewing the properties. The good news is that we will not sell or release your data to any 3rd parties, spam artists or mean people. By registering an account you agree to our Privacy Policy and our Confidentiality Agreement.Are you Ready to submit an offer?
If you are ready to submit an offer or have more questions about this portfolio feel free to reach out to Kristina or Landon using the "Request More Information" Button below. -
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.
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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:- 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.
- 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.
- 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.
- 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.
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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:- 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.
- 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.
- 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.
- 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.
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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. -
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!
Landon Hoffman.
Investment Agent
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