Active.

  •

    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

  • Parker Street Villas

    $449,000
    Address

    1202-1208 Parker St. Columbia, TN 38401
    County

    Property Type

    Year Built

    Sqft

    Current Rent

    approx $4000/mo
    Listing Agent

    This small multifamily 4-structure property in Columbia, TN offers a solid investment opportunity for those looking to do the work of rehabbing old homes. Priced at $425,000, it includes four existing buildings on 0.53 acres, between 2 adjacent parcels, zoned SD-LI non-conforming (light industrial). The property with recent rents sits at an 7.6% cap rate and there's room to push that cap rate even higher with a bit of renovation. Renovated homes in the area are selling between $215,000 to $250,000, indicating strong equity potential. This property presents a chance to add desirable homes in a growing market.
    Details
  • Apartment for sale in Madison, TN

    Madison Gardens

    Status

    Active
    Address

    316 Nix Dr. Madison, TN 37115
    Number of Units

    Property Type

    Sqft

    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

  • Shelbyville SFR Portfolio

    Status

    Active
    Address

    Shelbyville, TN
    Number of Units

    Property Type

    ,

    Listing Agent

    ,

    County

    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

  • Olde Town Flats

    $850,000
    Status

    Active
    Address

    32 Woodlawn Dr, Chattanooga, TN 37411
    Number of Units

    Property Type

    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
  • 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

  • Lenox Townhomes

    $2,600,000
    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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