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 underway, HVACs replaced as needed, and roof evaluation in progress
  • Tenant-Paid Electric: Reduces owner expenses and simplifies operations
  • Strong Rental Market Positioning: Affordable alternative to Nashville, attracting steady tenant demand