Albert.

  •

    McMinnville Quadplex

    $395,000
    Status

    Sold
    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

    $1,300,000
    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 opportunity to acquire a stabilized 12-unit multifamily community in one of Middle Tennessee's strongest secondary markets. Located at 2465 Benton Young Rd in Cookeville, Tennessee, the property combines strong in-place performance, recent capital improvements, and additional value-add potential, all within minutes of Downtown Cookeville and Tennessee Tech University.

    Currently 100% occupied, Sun Valley Apartments consists entirely of spacious 2-bedroom, 1-bath units that continue to attract strong tenant demand. Each unit features in-unit laundry, a highly desirable amenity that supports tenant retention and long-term occupancy. The property is situated on a full one-acre parcel and offers ample parking in both the front and rear of the community.

    Ownership has invested significantly in the asset, completing six full unit renovations, additional kitchen cabinetry upgrades, ongoing exterior improvements, and continued maintenance throughout the property. Major building systems have also been addressed, with all HVAC units replaced within the last three years and a durable metal roof installed within the last ten years. The septic system has recently been inspected by TDEC following completed work, and new gutters are currently being installed.

    Offered at $1,300,000, Sun Valley Apartments presents an attractive investment opportunity with gross rents of approximately $12,525 per month and a projected 8.14% cap rate. While much of the renovation work has already been completed, future ownership still has the opportunity to enhance performance through targeted kitchen and bathroom upgrades in select units.

     

    Investment Highlights:

      Stabilized 12-Unit Asset

    Twelve income-producing units consisting entirely of 2-bedroom, 1-bath layouts with in-unit laundry.

    Strong In-Place Performance

    Currently 100% occupied with gross rents of approximately $12,525 per month.

    Recent Capital Improvements

    Six renovated units, additional kitchen cabinetry upgrades, ongoing exterior improvements, new gutters underway, HVAC systems less than three years old, and a metal roof less than ten years old.

    Efficient Utility Structure

    Tenant-paid electric, water reimbursement structure already in place, and a septic system maintained annually.

    Remaining Value-Add Potential

    Opportunity to further enhance property performance through kitchen and bathroom upgrades in select units.

    Prime Cookeville Location

    Conveniently located approximately 10 minutes from Downtown Cookeville and Tennessee Tech University, providing access to a strong and diverse renter base.

    Growing Market Fundamentals Cookeville continues to benefit from population growth, university-driven demand, healthcare employment, and ongoing commercial expansion, supporting long-term multifamily investment demand.
    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

  • Hermitage Duplex

    $550,000
    Number of Units

    Property Type

    Sqft

    3048
    Listing Agent

    Contact

    615-281-9395
    County

    Discover Sweden Drive Duplex – A Stabilized, Extensively Updated Investment in Hermitage

    Sweden Drive Duplex presents the opportunity to acquire a fully leased, recently updated townhome-style duplex in the growing Hermitage submarket of Nashville. Located at 4297/4299 Sweden Drive, this well-maintained asset offers investors stable occupancy, efficient operations, and significant recent capital improvements that help minimize near-term maintenance costs.

    Built in 1971, the property consists of two spacious 3-bedroom, 1.5-bath units totaling approximately 3,048 square feet, with each unit offering approximately 1,524 square feet of living space. The units feature connected kitchen and dining areas, large family rooms, ample closet space, washer/dryer hookups, and private patio and backyard space, creating highly functional layouts that appeal to long-term tenants.

    The property is currently 100% occupied at $1,875 per unit. Utilities are individually metered for water and electric, with tenants responsible for both utilities and lawn care, supporting streamlined and efficient operations for ownership.

    Ownership has completed extensive recent improvements, including interior renovations to Unit 4299 in 2024 and Unit 4297 in 2025. Major system upgrades include a new roof installed in 2025, HVAC systems replaced in 2021, and water heaters replaced in 2022, significantly reducing future capital expenditure concerns for incoming ownership.

    Strategically located near Old Hickory Boulevard and Lebanon Pike, the property offers strong access to major employment, retail, and commuter corridors throughout the Nashville MSA while maintaining the neighborhood feel and rental demand that continue to drive the Hermitage market.

    Investment Highlights:

    • Townhome-Style Duplex: Two 3 bed / 1.5 bath units totaling ~3,048 SF with spacious, functional layouts
    • Stabilized Occupancy: 100% leased at $1,875 per unit
    • Recent Interior Renovations: Unit 4299 updated in 2024 and Unit 4297 updated in 2025
    • Major Capital Improvements Completed: Roof replaced in 2025, HVAC systems replaced in 2021, and water heaters replaced in 2022
    • Efficient Operations: Tenants responsible for utilities and lawn care with individually metered water and electric
    • Tenant-Friendly Features: Connected kitchen/dining areas, large family rooms, washer/dryer hookups, and private patio/backyard space
    • Strong Hermitage Location: Convenient access to Old Hickory Blvd., Lebanon Pike, and downtown Nashville
    • Durable Long-Term Investment: Significant recent CapEx and stable tenancy support lower-maintenance ownership
    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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