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    Clarksville Village

    $9,780,000
    Status

    Coming Soon!
    Address

    101, 110, 112, 117, 119 and 121 Bennett Dr. Clarksivlle, TN 37042, 139, 141 and 151 Darlene Dr. Clarksville, TN 37042, 284 Rue Le Mans Dr. Clarksville, TN 37042
    County

    Listing Agent

    Number of Units

    Property Type

    Clarksville Village is a prime investment opportunity featuring 58 units across 10 buildings, including quadplexes, six-plexes, and eight-plexes, all within a 1-block radius. This well-maintained property boasts extensive interior and exterior renovations, ensuring a turnkey experience with minimal immediate upkeep. Located amidst other multifamily properties in a vibrant and growing rental market, Clarksville Village benefits from high demand and strong rental prospects. The current management company is ready to continue overseeing operations, offering seamless management and investment stability.

    Investment Facts

    Year Built: 1990s Number of Buildings: 10 Unit Mix: 50 - 2/1 and 8 - 1/1 Exterior: Brick and vinyl with composite shingle roofing Interior: Mostly remodeled with LVP flooring and painted cabinets and updated appliances

    Investment Highlights

    • Turnkey Condition: Extensive interior and exterior renovations have been completed on nearly all units, making Clarksville Village a fully turnkey investment with minimal immediate maintenance needed.
    • Strong Rental Demand: Located within a 1-block radius of each other and amidst other multifamily properties, Clarksville Village benefits from high demand in a growing rental market, with proximity to Clarksville's thriving economic hubs and amenities.
    • Management Continuity: The current management company is available to continue overseeing operations, providing stability and expertise for seamless property management and investment continuity.
    Details

  • South Wind – Unit 2

    $369,990
    Status

    Active
    Address

    2725 Kennedy Ct. Franklin, TN 37064
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    Introducing an exceptional investment opportunity in the heart of Franklin, TN. Southwind Apartment Homes is a spacious 3-bed, 2-bath condo for sale that spans 1500 sq ft. This condo unit boasts a new HVAC unit and recently renovated bathrooms, offering a modern and comfortable living space. The open concept layout enhances the overall appeal, providing a seamless flow between the living areas. Nestled in a desirable community with abundant amenities, this condo is an ideal prospect for an investor, family or first time home buyer. Beyond the individual unit, the true potential lies in the unique chance to acquire five of these condos simultaneously. Capitalize on this rare opportunity to own rental properties in a sought-after area, ensuring a steady and lucrative return on investment. Don't miss out on this opportunity!

    Features

    Video Walkthrough

     
    Details
  • Sale!

    Fredericksburg Townhome

    Original price was: $439,000.Current price is: $429,000.
    Address

    601 Old Hickory Blvd. Unit 72, Brentwood, TN 37027
    Status

    Active
    Sqft

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    Listing Agent

    Year Built

    Welcome to your new home! This stunning and spacious 3-bedroom, 3-bathroom townhome offers a perfect blend of comfort and convenience. The interior boasts fresh paint throughout, new carpet upstairs, newer hardwood floors downstairs and plenty of natural light creating a modern and cozy ambiance. Adding to its appeal, this townhome features a private fenced back patio, perfect for relaxation or entertaining in a charming and secluded setting. Located near Nippers Corner, you're just minutes away from a variety of shopping centers, restaurants, and grocery stores, ensuring all your daily needs are within easy reach. Plus, quick access to Interstate 65 makes commuting a breeze. Move in and relish the brand-new feel of this beautiful home.
    Details

  • Shelbyville SFR Portfolio

    Status

    Active
    Address

    Shelbyville, TN
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    1. Browse the Available Properties

    Browse the properties on this page, and write down each address. As properties are sold they will be no longer active.

    2. Review Comps

    To make it easier for you we’ve created a comp report going back to October of 2023. Click here to view Report

    3. Submit an Offer

    Once you’ve done your research on a bundle of properties, contact us and we’ll submit your offer.   NOTE: Interested parties must register an account prior to viewing the properties. The good news is that we will not sell or release your data to any 3rd parties, spam artists or mean people. By registering an account you agree to our Privacy Policy and our Confidentiality Agreement.  

    Are you Ready to submit an offer?

    If you are ready to submit an offer or have more questions about this portfolio feel free to reach out to Kristina or Landon using the "Request More Information" Button below.
    Details

  • The Landings at Red Rock

    $4,300,000
    Status

    Active
    Address

    407 North College St. Tullahoma, TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Agent Email

    landon@ria-inc.com
    County

    The Landings at Red Rock, situated in Tullahoma, Tennessee, is a multifamily property with turnkey benefits and a simple value add opportunity. It comprises 40 units, consisting of 32 one-bedroom and 8 two-bedroom apartments, and offers a patio and grilling area for its residents.

    The property was first renovated in 2020, however, since 2020 the current owner has upgraded the finishes and appliances in 39 of 40 units, replaced all three roofs with new rubber membrane, and installed 40 new HVAC systems. These significant investments will help reduce expenses for the new owner.

    Strategically located near Arnold Air Force Base, the property benefits from a stable tenant base. Tullahoma offers excellent public schools and diverse employment opportunities in engineering and healthcare, contributing to consistent tenant demand.

    The Landings at Red Rock presents an attractive investment opportunity with its strategic location and potential for value-add enhancements.

    Property Overview:

    • Painted Brick Exterior
    • 2 Stories
    • Flat Rubber Membrane Roof
    • Central Heat and Air
    • Individual Electric Meters
    • RUBS for Water

    Convenience Features:

    • In Unit Laundry: Currently available in only 2 units
    • Location: Minutes from Downtown Tullahoma

    Investment Highlights

    • Fully Renovated Property: The Landings at Red Rock was first renovated in 2020, with additional unit updates and HVAC replacements taking place in the last 3 years.
    • Value-Add Opportunities: Adding storage and a laundry room will enhance tenant satisfaction, allow you to increase rents and generate additional income.
    • Unit Mix: The property offers 32 one-bedroom and 8 two-bedroom units, catering to various tenant needs.
    • Prime Location: Situated in Tullahoma, the property benefits from proximity to Arnold Air Force Base, excellent schools, and easy access to Chattanooga and Murfreesboro.
    • Stable Employment Base: The presence of the Air Force base, local hospitals, and engineering jobs ensures a consistent demand for rental units.
    • Ratio Utility Billing System: RUBS have been fully implemented with current tenant base.
    Details

  • Winchester 17

    $725,000
    Status

    Active
    Property Type

    Number of Units

    Address

    901 Winchester Hwy Fayetteville TN 37355
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    County

    Introduction

    Introducing Winchester 17 Units, a versatile investment opportunity in the heart of Fayetteville, TN. With a mix of 2-bedroom, 1-bedroom, and studio units, this property offers modern living spaces for a range of tenants. Explore further details and photos by clicking the "Request More Information" button now.

    Investment Highlights

    Versatile Unit Mix and Renovation Potential:

    • Offering a diverse mix of 2-bedroom, 1-bedroom, and studio units catering to various tenant needs.
    • Recent renovations including new roofs, interior paint, updated electrical, installation of mini splits, and new water heaters ensure modern and comfortable living spaces.
    • Opportunity for further value appreciation through potential conversion into multifamily or Airbnb units, showcasing adaptability to market trends and maximizing rental income potential.

    Profitable Management Plays Available:

    • Current Owner covers water expenses while tenants pay for electricity. Adding a Ratio Utility Billing System (RUBS) will help optimize revenue streams and reduce operational costs.
    • Basement Space available to add Laundry facilities as an additional revenue stream. 
    Details
  • Multifamily in Manchester, TN

    Hayfield Square

    $12,125,000
    Status

    Active
    Property Type

    Number of Units

    Address

    91 Hayfield Square, Manchester, TN 37355
    Sqft

    Listing Agent

    County

    When it comes to finding multifamily in Manchester, TN it doesn't get much better than this. Hayfield Properties is a group of 32 duplexes and 10 quadplexes conveniently located in Manchester Tennessee. There are 104 total units built between 1974 and 1991. The unit mix includes everything from 1/1 units all the way to 3/2 units, helping to maintain a stable rent roll.

    Key Property Details:

    • Location: Manchester, TN
    • Built: 1975-1991
    • Unit Mix:
      20 - 1/1 units
      48 - 2/1 units
      6 - 2/2 units
      24 - 3/1 units 6 - 3/2 units
    • Construction: Mostly Brick exterior with Composite Shingle Roof
    • Utilities: Individual water and electricity metering
    • Central Heat and Air in All units
    • On site laundry Facility

    Investment Highlights:

    PRIME LOCATION - There are 3 cities within an hour’s drive. Murfreesboro is just 33 miles, Nashville is 54 miles and Chattanooga is only 70 miles south-east on I-24. This central location makes Manchester a great spot for developers and investors.

    IMPRESSIVE DEMOGRAPHICS - According to the Tennessee Department of Commerce there are 6 higher education institutions, almost 30K auto manufacturing jobs and over 22k advanced manufacturing jobs all within a 45 minute drive of this location.

    VALUE ADD OPPORTUNITY - Currently these rents are averaging around $715/month on 88% occupancy. Market rates indicate a potential for an additional rent increase with minimal capital expenditures. The current owner has done a good job maintaining the property, however Manchester is a growing community and with the proximity to the freeway and a steady demand on housing, renovating the units creates an excellent value add opportunity.

    INDIVIDUALLY PARCELED -  Some investors could certainly take all 104 units and continue to operate the property as is. However many of the duplexes and quadplexes already sit on their own individual parcel giving investors the ability to purchase a smaller package, or buy the whole lot and sell them off individually. LOCATED NEAR APPROVED I-24 INDUSTRIAL SITE  - A 2,000 acre industrial development is underway just minutes from these properties. This new development has the potential to create 1000s of new jobs and bring in more major companies to the area. Check out the plans here. Disclaimer: This offering is available to qualified investors. Due diligence is advised, and all interested parties should consult with their financial advisors before making investment decisions.
    Details
  • 1 of 4 duplexes located south of Dickson in Nunnelly Tennessee

    Aaron Lane

    $1,100,000
    Status

    Active
    Property Type

    Number of Units

    Address

    11513 Aaron Ln, Nunnelly, TN 37137
    Sqft

    Listing Agent

    County

    Aaron Lane consists of 4 duplexes and an additional single unit making 9 total units. All of these buildings are on adjoining lots making property management a much easier task. Currently the units are 100% occupied but are receiving below market rents.This makes these apartments a great opportunity for investors who would like to force appreciation.

    Key Property Details:

    • Location: 11513 Aaron Ln, Nunnelly, TN 37137
    • Built: 2001
    • Unit Mix:
      5 - 2 bed / 1 bath
      3 - 3 bed / 1 bath **
      1 - 1 bed / 1 bath
    • Construction: Block exterior with Metal Roof
    • Utilities: Individual water and electricity metering
    • On site laundry
    ** 3/1 Units have washer and dryer hookups.

    Investment Highlights:

    BELOW MARKET RENTS - Currently these rents are averaging around $822/mo. Market rates indicate a potential for an additional $175 per unit.

    MAJOR CAPEX IS TAKEN CARE OF -  The current owner has done a good job maintaining the property. This includes adding all new metal roofs and HVACs within the last 5 years. With some small cosmetic improvements achieving market rents will not be a problem. PROXIMITY TO NASHVILLE - This property is less than an hour (56 Miles) from downtown Nashville. This puts it inside the next wave of development as Nashville’s economy continues to spill over into the surrounding communities. PROFITABILITY FROM DAY 1 -  The investment strategy for Aaron Lane revolves around capitalizing on the wave of investment moving down the I40 corridor west of Nashville. Investors can achieve increased returns through targeted renovations and rent adjustments, aligning rental rates with the current market trends. Disclaimer: This offering is available to qualified investors. Due diligence is advised, and all interested parties should consult with their financial advisors before making investment decisions.
    Details
  • Duplex for sale in East Nashville

    Sharpe Avenue Duplex

    $490,000
    Status

    Active
    Address

    947 Sharpe Ave. Nashville, TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Contact

    615-267-3788
    County

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

  • Olde Town Flats

    $850,000
    Status

    Active
    Address

    32 Woodlawn Dr, Chattanooga, TN 37411
    Number of Units

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    Sqft

    Listing Agent

    County

    Welcome to Olde Town Flats, a historic gem nestled in the heart of Chattanooga, Tennessee. This 1920-built property offers a unique and lucrative investment opportunity for savvy investors seeking value-add potential. There has already been a substatial amount of capital investment in the property making 4 of the units turn key and rent ready. The remaining units present an exiting opportunity for you to add value and maximize your investment over time. Property Overview:
    • Unit Composition: 9 units in total
      • 7 one-bedroom units
      • 1 two-bedroom unit
      • 1 studio unit
    • Recent Updates: 4 units meticulously renovated, including 2 taken down to the studs.
    • HVAC Systems: 4 mini-split systems in place, ensuring efficient and individualized climate control for each unit.
    • Utilities: Separate electric meters for each unit, enhancing tenant responsibility and reducing owner expenses.
    • Water Management: Master water paid by the seller with a RUBS (Ratio Utility Billing System) in place for most tenants, optimizing cost distribution.
    • Technological Advantage: EPB fiber optic internet systems installed, providing tenants with high-speed connectivity and adding an attractive feature for modern living.
    Structural Enhancements:
    • Windows: Partial replacement of windows, enhancing energy efficiency and aesthetic appeal.
    • Electrical Upgrades: New electrical system throughout the property, ensuring safety and compliance with modern standards.
    • Plumbing: Extensive plumbing updates, including replacement of the main drain, minimizing maintenance concerns.
    Convenience Features:
    • Laundry Facility: A dedicated laundry facility located in the basement equipped with new coin-operated appliances, adding convenience for residents and an additional income stream for investors.
    Chattanooga's Olde Town Flats presents an exciting investment opportunity with substantial upside potential. The strategic updates and modern amenities make this property an attractive choice for investors looking to maximize returns through value-add initiatives.  Don't miss the chance to be a part of the flourishing Chattanooga real estate market. Contact us today to schedule a viewing and explore the vast potential that Olde Town Flats holds for your investment portfolio. This is your gateway to a promising future in multifamily real estate!
    Details

  • Madison Gardens

    $1,900,000
    Status

    Active
    Address

    316 Nix Dr. Madison, TN 37115
    Number of Units

    Property Type

    Sqft

    Current Listing Price

    1,900,000
    Listing Agent

    Contact

    615-909-2278
    County

    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.

    Investment Highlights

    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.
    Details
  • Sale!

    1203 Cline Duplex

    Original price was: $460,000.Current price is: $450,000.
    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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Hermitage, TN 37076

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