Overview:

Nestled in a quiet but growing community just over an hour west of Nashville, this McEwen property features a mix of rental units offering both immediate income and long-term potential. With local demand for quality housing and limited new inventory, the area presents a strong case for rental growth and operational upside. This portion of the portfolio benefits from proximity to schools, employers, and essential services in a tight-knit, supply-constrained market.

Investment Highlights:

• Stable rental base with long-term tenants and low historical vacancy

• Opportunity for rent growth through minor cosmetic upgrades

• Market rents estimated to be 5–10% above current lease rates

• Quiet, low-turnover neighborhood with high tenant retention

• Located ~65 minutes from Nashville with easy access via Hwy 70

• Limited new construction in the area, supporting strong rental demand

• Small-town setting with access to jobs, schools, and retail within 15 minutes

• Below replacement cost pricing offers excellent value on a per-door basis

Investment Summary:

This McEwen asset provides an attractive foothold in a resilient small-town rental market, ideal for investors seeking steady cash flow with upside through light value-add improvements. Demand for affordable housing in McEwen continues to outpace supply, offering a favorable backdrop for rent growth and tenant retention. Whether held as a cash-flowing long-term investment or repositioned for resale, this asset supports multiple strategies with limited downside and operational flexibility. A rare opportunity to scale in rural Middle Tennessee without the volatility of larger metro markets.