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 bath3 – 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.
