6.

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    Hibiscus 6

    $975,000
    Status

    Active
    Address

    138 Hibiscus Drive, Ashland City 37015
    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    Discover Hibiscus 6 – A Fully Renovated, Stabilized Investment in Ashland City

    Hibiscus 6 presents the opportunity to acquire a fully occupied, well maintained 6-unit multifamily asset in the growing Ashland City submarket. Located at 138 Hibiscus Drive, this 1988-built property has undergone extensive interior updates during current ownership, offering investors a stabilized asset with strong in-place income and additional upside potential.

    The property consists of six 2-bedroom, 1-bath units averaging approximately 921 square feet each. All units feature functional layouts with in-unit laundry hookups, making them highly attractive to tenants seeking convenience and affordability in a supply-constrained market. With current average rents of $1,295 and 100% occupancy, Hibiscus 6 demonstrates consistent demand and operational stability.

    Ownership has made meaningful improvements, including unit renovations and ongoing exterior upgrades such as full gutter replacement, with HVAC systems replaced as needed and a roof evaluation underway. Tenants are responsible for electric, while the owner currently covers water—presenting a clear opportunity to further enhance cash flow through RUBS implementation.

    Strategically positioned in Ashland City, the property benefits from its proximity to the Nashville MSA while maintaining a more affordable rental profile, appealing to a wide tenant base seeking value and accessibility.

    Investment Highlights:

    • Six-Unit Multifamily Asset: All 2 bed / 1 bath units averaging ~921 SF with practical, tenant-friendly layouts
    • Recent Interior Renovations: All units updated during current ownership, supporting strong rental performance
    • Stabilized Occupancy: 100% leased with consistent demand in the Ashland City submarket
    • In-Unit Laundry Hookups: Added tenant convenience and competitive positioning
    • Operational Upside: Ability to implement RUBS for water reimbursement and increase efficiency
    • Ongoing Capital Improvements: Gutter replacement (June 2026), HVACs replaced as needed
    • Tenant-Paid Electric: Reduces owner expenses and simplifies operations
    • Strong Rental Market Positioning: Affordable alternative to Nashville, attracting steady tenant demand
    Details

  • Meharry Triplexes

    Status

    Sold
    Address

    2714/2716 Meharry Blvd. Nashville, TN 37208
    Number of Units

    Property Type

    Sqft

    Current Listing Price

    $898,000
    Listing Agent

    This triplex is being sold as a package with the triplex directly next door located at 2716 Meharry Blvd. Located just across 28th Ave N from Hadley Park, this triplex sits right in the middle of a fast developing area. New builds and renovated properties are popping up all over this street, driving the value of this area higher every year. Quick access to I-40 and Charlotte Avenue makes this a great long term investment for any buyer.
    Details

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

Overview

Business Info

405 Two Mile Pike 
Suite B – Office 101
Goodlettsville, TN 37072

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