9.

  • 1 of 4 duplexes located south of Dickson in Nunnelly Tennessee

    Aaron Lane

    $1,100,000
    Status

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    Number of Units

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    Listing Agent

    County

    Aaron Lane consists of 4 duplexes and an additional single unit making 9 total units. All of these buildings are on adjoining lots making property management a much easier task. Currently the units are 100% occupied but are receiving below market rents.This makes these apartments a great opportunity for investors who would like to force appreciation.

    Key Property Details:

    • Location: 11513 Aaron Ln, Nunnelly, TN 37137
    • Built: 2001
    • Unit Mix:
      5 - 2 bed / 1 bath
      3 - 3 bed / 1 bath **
      1 - 1 bed / 1 bath
    • Construction: Block exterior with Metal Roof
    • Utilities: Individual water and electricity metering
    • On site laundry
    ** 3/1 Units have washer and dryer hookups.

    Investment Highlights:

    BELOW MARKET RENTS - Currently these rents are averaging around $822/mo. Market rates indicate a potential for an additional $175 per unit.

    MAJOR CAPEX IS TAKEN CARE OF -  The current owner has done a good job maintaining the property. This includes adding all new metal roofs and HVACs within the last 5 years. With some small cosmetic improvements achieving market rents will not be a problem. PROXIMITY TO NASHVILLE - This property is less than an hour (56 Miles) from downtown Nashville. This puts it inside the next wave of development as Nashville’s economy continues to spill over into the surrounding communities. PROFITABILITY FROM DAY 1 -  The investment strategy for Aaron Lane revolves around capitalizing on the wave of investment moving down the I40 corridor west of Nashville. Investors can achieve increased returns through targeted renovations and rent adjustments, aligning rental rates with the current market trends. 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

  • Olde Town Flats

    $850,000
    Status

    Address

    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    Welcome to Olde Town Flats, a historic gem nestled in the heart of Chattanooga, Tennessee. This 1920-built property offers a unique and lucrative investment opportunity for savvy investors seeking value-add potential. There has already been a substatial amount of capital investment in the property making 4 of the units turn key and rent ready. The remaining units present an exiting opportunity for you to add value and maximize your investment over time. Property Overview:
    • Unit Composition: 9 units in total
      • 7 one-bedroom units
      • 1 two-bedroom unit
      • 1 studio unit
    • Recent Updates: 4 units meticulously renovated, including 2 taken down to the studs.
    • HVAC Systems: 4 mini-split systems in place, ensuring efficient and individualized climate control for each unit.
    • 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.
    • Technological Advantage: EPB fiber optic internet systems installed, providing tenants with high-speed connectivity and adding an attractive feature for modern living.
    Structural Enhancements:
    • Windows: Partial replacement of windows, enhancing energy efficiency and aesthetic appeal.
    • Electrical Upgrades: New electrical system throughout the property, ensuring safety and compliance with modern standards.
    • Plumbing: Extensive plumbing updates, including replacement of the main drain, minimizing maintenance concerns.
    Convenience Features:
    • Laundry Facility: A dedicated laundry facility located in the basement equipped with new coin-operated appliances, adding convenience for residents and an additional income stream for investors.
    Chattanooga's Olde Town Flats presents an exciting investment opportunity with substantial upside potential. The strategic updates and modern amenities make this property an attractive choice for investors looking to maximize returns through value-add initiatives.  Don't miss the chance to be a part of the flourishing Chattanooga real estate market. Contact us today to schedule a viewing and explore the vast potential that Olde Town Flats holds for your investment portfolio. This is your gateway to a promising future in multifamily real estate!
    Details

  • Sylvia Rd

    Status

    Address

    Number of Units

    Property Type

    Current Listing Price

    Listing Agent

    The Sylvia Road property includes 6 trailers, 1 house, a 3 car garage and a storage shed.
    Details

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