6.

  • Beeler Court

    $519,000
    Status

    Active

    Address

    0 Betty Belle Lane, Bon Aqua, TN

    Number of Units

    Property Type

    Sqft

    Agent Phone Number

    615-281-9395

    Agent Email

    albert@ria-inc.com

    County

    Discover a Value-Add 6-Unit Investment in Bon Aqua, TN

    This 6-unit mobile home community presents a compelling opportunity to acquire an income-producing asset on nearly three acres in Bon Aqua, Tennessee. With five of six homes currently occupied, substantial recent capital investment, and seller financing available for consideration, Beeler Court offers investors a combination of in-place income, manageable operations, and additional upside in northeastern Hickman County.

    The property consists of six approximately 800-square-foot homes totaling roughly 4,800 square feet. Ownership has invested nearly $200,000 into the asset over the past four to five years, including complete renovations to four of the six homes and additional updates to the remaining two. Each unit includes washer/dryer hookups and on-site parking, while water and electric are separately metered and paid by tenants, helping reduce ownership’s utility exposure.

    The property is served by three existing septic systems with designated backup areas and has been maintained through periodic pumping. Additional value-add potential remains through lease-up of the vacant unit and continued improvements to select homes. Investors may also explore whether the nearly three-acre site can support additional units; however, a new permit application and formal site evaluation would be required before any additional density could be approved. Seller financing provides another layer of flexibility for qualified buyers evaluating the opportunity.


    Investment Highlights:

    Six Income-Producing Homes: Six approximately 800 SF mobile homes totaling roughly 4,800 SF on nearly three acres.

    Strong In-Place Occupancy: Five of six units are currently occupied, with the remaining home available for lease.

    Significant Recent Capital Investment: Nearly $200,000 invested over the past 4–5 years, including complete renovations to four units and updates to the remaining two.

    Tenant-Paid Utilities: Electric and water are separately metered and paid directly by tenants, helping streamline operating expenses.

    Established Septic Infrastructure: Three on-site septic systems with designated backup areas are currently in place.

    Additional Value-Add Potential: Opportunity to complete lease-up, continue targeted unit improvements, and explore future site expansion subject to permitting and formal evaluation.

    Seller Financing Available: Ownership will consider seller financing, providing additional flexibility for prospective buyers.

  • Hibiscus 6

    $860,000
    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
  • 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.