Albert.

  •

    McMinnville Quadplex

    $395,000
    Status

    Active
    Year Built

    Address

    304 Chambers St, McMinnville, TN 37110
    Number of Units

    Property Type

    Sqft

    Agent Phone Number

    615-281-9395
    Agent Email

    albert@ria-inc.com
    County

    Discover A Stable Quadplex Investment in McMinnville, TN

    This well-maintained 4-unit multifamily property presents a compelling opportunity to acquire a stabilized asset with clear value-add potential in the growing McMinnville market. Situated in a quiet, established neighborhood, the property combines durable recent capital improvements with strong unit fundamentals, making it an attractive option for investors seeking both immediate cash flow and long-term upside in Middle Tennessee.

    The quadplex consists of four spacious 2-bedroom, 1-bath units, each offering approximately 870 square feet with in-unit washer/dryer hookups and separate electric metering. Recent upgrades—including new windows installed in 2023 and a metal roof approximately seven years old—reduce near-term capital exposure, while select interior updates provide a foundation for continued rent growth through light managerial improvements.

    Currently 100% occupied, the property benefits from a mix of long-term and month-to-month tenants, offering both stable in-place income and near-term flexibility. With in-place rents below market and proforma comps supporting approximately $1,100 per unit, investors can achieve a projected 10% cap rate at a $41,400 NOI through rental optimization and expense reimbursements. Additional features such as a large corner parking lot, slab foundation, split HVAC systems, and no flood zone further enhance the asset’s long-term appeal.

    Investment Highlights:

    Four Income-Producing Units: All units are 2 bed / 1 bath with approximately 870 SF and in-unit washer/dryer hookups.

    100% Occupied with Upside: Two units leased at $900/month and two units at $700/month, all below market with near-term rent growth potential.

    Utility Reimbursement Structure: Separate electric meters; tenants reimburse $130/unit/month for electricity and $40/unit/month toward water expenses.

    Recent Capital Improvements: New windows (2023), metal roof (~7 years old), slab foundation, and split HVAC systems.

    Light Value-Add Opportunity: Self-managed property with upside through rent optimization and operational efficiencies.

    Strong Proforma Performance: Market comps support $1,100/unit rents and a projected 10% cap rate at $41.4K NOI.

    Favorable Physical Attributes: Large corner parking lot, no flood zone, and durable construction.

    Details

  • Sun Valley Apartments

    $1,350,000
    Status

    Active
    Address

    2465 Benton Young Rd, Cookeville, TN 38501
    Number of Units

    Year Built

    Property Type

    Sqft

    Agent Phone Number

    615-281-9395
    Agent Email

    albert@ria-inc.com
    County

    Discover Sun Valley Apartments – A Strong Investment Opportunity in the Growing Cookeville Market

    Sun Valley Apartments offers investors the chance to acquire a well-maintained and recently updated 12-unit community in one of Middle Tennessee’s fastest-growing secondary markets. Located at 2465 Benton Young Rd, this property provides stabilized in-place performance, desirable unit features, and meaningful operational upside — all within minutes of Downtown Cookeville and Tennessee Tech University, two major demand drivers for the area.

    Each unit features a practical and highly rentable 2-bedroom, 1-bath layout with in-unit laundry, a feature that continues to outperform in Cookeville’s rental market. The property has received substantial improvements, including five fully renovated units, upgraded kitchen cabinetry in additional units, fresh exterior paint, and updated building systems. All HVAC units are less than three years old, and the durable metal roof is under ten years old — significantly reducing near-term capital exposure for new ownership.

    Currently 92% occupied, Sun Valley Apartments offers stable current income with clear pathways for additional growth through continued interior renovations and refinement of the existing utility reimbursement structure. Sitting on a full 1-acre parcel, the property includes both front and rear parking and an efficient utility setup with tenant-paid electric and water reimbursements.

    Investment Highlights

    Twelve Income-Producing Units:
    All 2 bed / 1 bath layouts with in-unit laundry (all-in-one or stackable), appealing to long-term renters and students.

    Stabilized Operations:
    Currently 92% occupied with consistent monthly income and strong historical leasing demand.

    Recent Capital Improvements:
    Five renovated units, new kitchen cabinetry in additional units, exterior paint, HVACs under 3 years old, and a metal roof under 10 years old.

    Efficient Utility Structure:
    Separately metered electric with tenant-paid usage; master-metered water with monthly reimbursement; septic system maintained annually.

    Value-Add Potential:
    Opportunity to increase rents through continued interior upgrades and optimization of RUBs.

    Strategic Location:
    Minutes from Downtown Cookeville and Tennessee Tech University, providing access to a steady renter base including students, staff, and local workforce.

    Growing Secondary Market:
    Cookeville continues to experience population growth, commercial expansion, and strong rental demand, making it an attractive market for long-term multifamily investment.

    Details

  • Dakota Courts

    $2,100,000
    Status

    Active
    Year Built

    Address

    3511/3519 Dakota Ave
    Number of Units

    Property Type

    Sqft

    Agent Phone Number

    615-281-9395
    Agent Email

    albert@ria-inc.com
    County

    Discover Dakota Courts – A Prime Investment in Nashville’s West End/Sylvan Heights

    Dakota Courts presents a rare opportunity to acquire a well-maintained 8-unit multifamily property in one of Nashville’s most desirable submarkets. Located at 3511/3519 Dakota Avenue, this property combines stable in-place income with long-term redevelopment potential, making it a standout asset in a supply-constrained, high-demand market.

    Each unit offers a practical 2-bedroom, 1-bath layout with in-unit laundry and hardwood floors, providing features that resonate with long-term renters. Professionally managed and cared for by the same ownership for over 20 years, Dakota Courts benefits from ongoing updates including new water heaters, appliances, interior renovations, and a full roof replacement in 2023.

    Currently 100% occupied with a strong rent roll of $11,925/month, the property provides immediate income while leaving room for future upside through a RUBs program and zoning that allows up to ~14 units. Just minutes from Downtown Nashville, Vanderbilt University, and Belmont University, Dakota Courts is positioned to capture the strong and steady rental demand that defines the West End/Sylvan Heights area.

    Investment Highlights:

    • Eight Income-Producing Units: All 2 bed / 1 bath layouts with stackable in-unit laundry and hardwood floors.

    • Stable In-Place Rent Roll: Fully leased, generating $11,925/month.

    • Tenant-Paid Utilities: Electricity separately metered; water currently master-metered with RUBs potential.

    • Recent Capital Improvements: New roof (2023), HVAC replacements (2011–2021), ongoing interior updates and replacements.

    • Redevelopment Potential: Zoned RM40, allowing up to ~14 units.

    • Prime Location: Sylvan Heights/West End—near Downtown, Vanderbilt, Belmont, and Nashville’s vibrant cultural hubs.

    Details

  • McMinnville Quadplex

    $398,000
    Status

    Sold
    Year Built

    Address

    103 White St. McMinnville, TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Agent Phone Number

    (615) 281-9395
    Agent Email

    albert@ria-inc.com
    County

    Discover a well-maintained multifamily asset in the heart of McMinnville, TN. Located at 103 White Street, this 4-unit property offers spacious layouts, thoughtful updates, and long-term potential. Each flat-style unit features 2 bedrooms and 1 bathroom across approximately 1,000 sq. ft., creating a comfortable and functional living space for tenants. With recent renovations already completed and full occupancy in place, this property is ready to perform from day one.

    Investment Highlights:

    1. Fully Occupied Fourplex: All four units are currently leased, including 2 month to month tenants, offering an owner-occupy opportunity and immediate in-place income in a growing Middle Tennessee market.
    2. Modern Interior Updates: Recent improvements include new flooring, fresh paint, updated appliances, new trim and interior doors in most rooms, and one new HVAC split system.
    3. Secure Entry & Utility Setup: Tenants enjoy a keyed, secure front entry. Each unit has a separate electric meter, while water is on a master meter paid by the owner.
    4. Established Location: Positioned on a 1976 build with approx. 4,000 sq. ft. of total living space, this property is centrally located with convenient access to local amenities, employers, and schools.

    Details
  • Sale!

    1203 Cline Duplex

    Original price was: $460,000.Current price is: $434,000.
    Status

    Active
    Address

    1203 Cline Ave, Nashville, TN 37206
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Contact

    615-857-6390
    Agent Email

    albert@ria-inc.com
    County

    Located in the very convenient Greenwood neighborhood of Nashville, Tennessee. Cline Ave is located just blocks away from the growing 5 Points area and 10 minutes from Nissan Stadium- showing signs for the long-term investor. This duplex was built in 1950.

    Investment Highlights

    Location, Location, Location - This property is minutes from downtown in the booming East Nashville Neighborhood. The community has seen a recent influx of high end homes making this property a prime candidate for new development. Value Add Opportunity - This property could use some TLC from its new owner which will allow you to bring in more per month in rent. The neighborhood supports rent increases, however the property will require some capital expenditures to do so. Owner Occupant - Those new to multifamily investing may want to start with an owner occupant scenario which this property supports.
    Details

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