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    Hibiscus 6

    $975,000
    Status

    Active
    Address

    138 Hibiscus Drive, Ashland City 37015
    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    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, with HVAC systems replaced as needed and a roof evaluation underway. 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
    Details
  • Sale!

    Britton Springs Townhomes

    Original price was: $1,900,000.Current price is: $1,860,000.
    Status

    Sold
    Year Built

    Address

    509-511 Britton Springs Road, Clarksville TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Agent Phone Number

    (615) 281-9395
    Agent Email

    landon@ria-inc.com
    County

    Brand new construction and fully leased — Britton Springs Townhomes is a 13-unit multifamily investment opportunity across two adjacent parcels in Clarksville, TN. Built in 2023/2024, this turnkey asset features thirteen 2-bedroom, 1.5-bath townhome-style units with in-unit laundry, assigned parking (2 spaces per unit), and modern finishes throughout.

    Each unit is currently leased at $1,150/month. All utilities are tenant-paid, with the owner covering one additional water meter used for maintenance purposes.

    With new roofs, HVAC systems, and interiors, investors will benefit from minimal ongoing capital expenditures.

    Located in a strong Clarksville submarket with access to major employment drivers, Britton Springs Townhomes is a clean, low-maintenance asset ideal for both new and seasoned investors.

    Details
  • Sale!

    Lenox Townhomes

    Original price was: $2,600,000.Current price is: $2,550,000.
    Status

    Active
    Address

    156 Silver Street, Tullahoma TN 37388
    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    Discover Lenox Townhomes – A Class A Investment Opportunity in Tullahoma

    Lenox Townhomes presents the opportunity to acquire a newer-construction, 16-unit townhome community in the growing Tullahoma market. Located at 156 Silver Street, this well-built 2018 asset offers modern design, strong in-place tenancy, and durable construction—positioning it as a high-quality addition to any multifamily portfolio.

    Each residence features a spacious 2-bedroom, 2.5-bath townhome layout totaling approximately 1,155 square feet. Interior finishes include granite countertops, stainless steel appliances, LVP flooring on the main level, carpet upstairs, and in-unit washers and dryers. The property is professionally managed and currently 94% occupied, reflecting consistent demand and a well-qualified tenant base. With tenants paying separately metered electric and water, operations remain streamlined and efficient.

    Major building systems—including shingle roofs and package HVAC units installed in 2018—remain in excellent condition, and recent improvements have been proactive in nature. Additionally, an assumable Fannie Mae loan at a 4.28% fixed rate through March 2033 offers a compelling financing advantage. Supported by Tullahoma’s diverse employment base across aerospace, defense, manufacturing, healthcare, and financial services, Lenox Townhomes stands as a stabilized, Class A asset in a steadily growing market.

    Investment Highlights:

    • Sixteen Townhome-Style Units: All 2 bed / 2.5 bath layouts averaging ~1,155 SF with modern finishes and in-unit laundry.
    • Newer Construction (2018): Two well-maintained buildings on 1.19 acres with strong curb appeal and durable systems.
    • High Occupancy: 15 of 16 units currently leased with a consistent history of strong tenant retention.
    • Tenant-Paid Utilities: Separately metered electric and water, creating operational efficiency.
    • Professional Management: Consistent third-party management and stable operating history.
    • Modern Building Systems: Shingle roofs and package HVAC units (2018) in excellent condition.
    • Strong Submarket Positioning: Among the higher-performing rent properties in Tullahoma, attracting quality tenants.
    • Assumable Fixed-Rate Financing: Approximately $1.33M Fannie Mae loan at 4.28% fixed through March 2033.
    Details

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Business Info

405 Two Mile Pike 
Suite B – Office 101
Goodlettsville, TN 37072

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