Active.

  •

    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
  • Value Add Triplex in Lawrenceburg

    Lawrence Street

    $140,000
    Address

    226 Lawrence Street, Lawrenceburg, TN 38464
    County

    Listing Agent

    Number of Units

    Property Type

    This value add triplex in Lawrenceburg is an exceptional investment opportunity located right next to the new technical school. With a total of 2,952 square feet, this property features three units: two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit.

    Investment Highlights

    • Projected Gross Monthly Income: $2,750, providing excellent rental income potential.
    • Updated Electrical: The electrical system has been redone and is ready for final approval.
    • Renovation Potential: Salvageable sheetrock and foundation correction needs create an ideal value-add project.
    • Individual Electric Meters: Streamlines tenant billing for easier management.
    • Proximity to Key Amenities: Located next to the new technical school, offering strong appeal for potential tenants.
    This value add triplex in Lawrenceburg presents an opportunity to enhance property value and increase rental income. Contact us today to learn more about this exciting investment.
    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
  • Sale!

    The Landings at Red Rock

    Original price was: $4,300,000.Current price is: $4,000,000.
    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

  • Fayetteville 17

    $750,000
    Status

    Active
    Property Type

    Number of Units

    Address

    901 Winchester Hwy Fayetteville TN 37355
    Sqft

    Listing Agent

    County

    Introduction

    Introducing Fayetteville 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
  • Sale!
    1 of 4 duplexes located south of Dickson in Nunnelly Tennessee

    Aaron Lane

    Original price was: $1,100,000.Current price is: $900,000.
    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

  • 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

Comprehensive Brokerage Services for the Southeast’s Multi-Family Housing Investment Landscape

Overview

Business Info

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

We are not a law firm or financial advisor and our employees are not acting as your attorneys. The information contained in the Site is general legal information and should not be construed as legal or financial advice to be applied to any specific factual situation.

Fair Housing Act Disclosure: The Act makes fair housing a national policy throughout the U.S. It prohibits discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable because of race, color, religion, sex, disability, familial status or national origin.

© 2025 • Residential Investment Advisors Inc

Back to top