12.

  • Sale!

    Jefferson Flats

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

    Active

    Address

    2607 Jefferson St. Nashville, TN

    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
  • Lakeside Apartments

    $1,250,000
    Status

    Sold

    Property Type

    Number of Units

    Address

    500 & 506 Lakeside St. Knoxville, TN 37914

    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.
  • Highland Trace Duplexes

    Status

    Sold

    Address

    2429-2558 Highland Trace Dr. Nashville, TN 37207

    Number of Units

    Property Type

    Sqft

    Current Listing Price

    $1,620,000

    Listing Agent

    Here's your chance to own 6 highly rentable duplexes just minutes from Top Golf, Nissan Stadium and Germantown. In an area that has seen a ton of growth of the last 5 years and new builds popping up on the street, you won't want to miss this opportunity to get in on these units that are already seeing the highest rents in the immediate area. Values here will only go up in the foreseeable future, so don't miss out!
  • New Rock Creek Apartments

    Status

    Sold

    Address

    302/308 New Rock Creek Rd. Tullahoma, TN 37388

    Number of Units

    Property Type

    Sqft

    Current Listing Price

    $900,000

    Listing Agent

    Don’t miss out on this incredible opportunity to invest in multi-family real estate! This property consists of 12 units, seven units being 2 bed, 1 bath combos, and five units being 3 bed, 2 bath combos. Each unit comes complete with kitchen appliances and central HVAC. The property also has a laundry facility on site. This property is close to the Airforce base and the Highway 24, which leads straight into Murfreesboro and Nashville.