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 and HVAC systems replaced as needed. 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