Welcome to this exceptional investment opportunity – a 14-unit apartment complex located in Davidson County, just 15 minutes from downtown Nashville. Built in 1972, this fully occupied property offers tremendous value-add potential. Consisting of 1 bedroom/1 bathroom units, it caters specifically to investors looking for an income-generating asset. The classic charm, coupled with its great location, ensures a full rent role. Located just 6 minutes from the approved site of Madison Station, a $631 million work/live/play development, the long-term outlook for the area is very bright. Don’t miss out on this excellent chance to acquire a profitable venture in this up and coming community.
Ability to Raise Rents – Currently the occupied unites are sitting below market rent based upon comparable properties in the area. Rents could be raised with minimal cap-ex, however some maintenance issues will be required to make units rent ready.
Location – Securely located across the street from Metro Police Department’s Madison Precinct, this property sits blocks from the new apartments currently under construction and just minutes from the proposed Madison Station mixed-use development.