Sold.

  • 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

  • Dyersburg 8-Plex

    $425,000
    Status

    Sold
    Year Built

    Address

    1002 Hillcrest Ave. Dyersburg, TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Agent Phone Number

    (253) 431-6048
    Agent Email

    kristina@ria-inc.com
    County

    Discover a solid investment opportunity in the heart of Dyersburg, TN. This 8-unit multifamily property, located at 1002 Hillcrest Avenue, offers a dependable mix of function and potential. Each unit spans approximately 810 sq. ft. and includes 2 bedrooms and 1 bathroom, providing a practical layout that appeals to long-term tenants. With individually metered electric and water, and an on-site laundry room for added tenant convenience, this property is well-positioned for efficient operations and consistent performance.

    Investment Highlights:

    1. Eight Spacious Units: All units feature 2 bedrooms and 1 bathroom across approximately 810 sq. ft., creating a balanced layout ideal for renters in the area.

    2. Individually Metered Utilities: Electric and water are separately metered, allowing for straightforward utility management and lower owner expenses.

    3. On-Site Laundry Room: Tenants enjoy access to a shared laundry facility, a key amenity that enhances tenant satisfaction and retention.

    4. Well-Maintained with Ongoing Updates: Property is professionally managed with repairs and renovations completed as needed to maintain quality standards.

    5. Strong Local Demand: Dyersburg continues to show steady demand for affordable rental housing, and with limited multifamily inventory, this asset offers stable occupancy and long-term upside.

    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!

    Darlene 16

    Original price was: $1,900,000.Current price is: $1,700,000.
    Status

    Sold
    Year Built

    Address

    143 Darlene Drive, Clarksville, TN 37042, 145 Darlene Drive, Clarksville, TN 37042
    County

    Listing Agent

    Number of Units

    Property Type

    Sqft

    This 16-unit multifamily property, built in 2005, consists entirely of 2 bed / 1 bath units. Tenants are responsible for their own water and electric, with utilities individually metered.

    Since purchasing the property, the owner has invested over $100,000 in improvements, including new flooring, interior paint, appliances, HVAC systems, decks, a fully renovated parking lot, and exterior fencing. Despite these upgrades, rents remain up to $250 below market value, with comparable properties in the area leasing for $1,100 per unit, offering a strong value-add opportunity for an investor looking to optimize performance.

    Investment Facts

    Year Built: 2005 Number of Buildings: 2 Unit Mix: 16 - 2/1 Exterior: Brick with composite shingle roofing Interior: Units remodeled.

    Investment Highlights

    • High Occupancy, Low Turnover: Strong leasing history with consistent tenant demand in the growing Clarksville rental market.
    • Low Maintenance: 16 two-bedroom apartments exterior cap ex completed
    • Prime Location: Buildings located next door to each other and are in a convenient part of Clarksville.
    Details
  • Sale!
    Aerial View of the duplex listed in North Nashville

    North Nashville Duplex

    Original price was: $415,000.Current price is: $379,000.
    Status

    Sold
    Year Built

    Address

    1606 14th Ave N, Nashville, TN 37208
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Contact

    (615) 640-1208
    Agent Email

    kristina@ria-inc.com
    County

    Discover a unique investment opportunity in the heart of Nashville! Located at 1606 14th Ave N, this 1,280 sq. ft. duplex offers a blend of modern updates and prime potential. With four bedrooms, two bathrooms, and eligibility for a Detached Additional Dwelling Unit (DADU), this property is perfect for investors looking to maximize rental income or homeowners seeking extra flexibility. Recent updates to the floors, paint, and kitchen countertops make this a turnkey option with room to grow in value.

    Investment Highlights:

    1. DADU Potential: Maximize your investment with the ability to add a Detached Additional Dwelling Unit, enhancing rental income or providing extra living space in a sought-after location.
    2. Turnkey Updates: Recently remodeled with new floors, fresh paint, and updated kitchen countertops, this property offers immediate rental appeal without the need for extensive renovations.
    3. Prime Nashville Location: Situated in the thriving 37208 zip code, this duplex benefits from a 5,610 sq. ft. lot, proximity to city amenities, and strong rental demand in the area, making it a solid long-term investment.
    Details

  • Brookside Apartments

    $1,550,000
    Status

    Sold
    Address

    100 Brookside Dr. Clarksville, TN 37042
    County

    Listing Agent

    Number of Units

    Property Type

    Are you a savvy investor looking to buy apartments in Middle Tennessee? Brookside Apartments, a 16-unit property located at 100 Brookside Drive in Clarksville, TN, offers an excellent opportunity for investors to expand their multifamily portfolio. With a competitive asking price of $1.55 million and a 6.2% cap rate under current operations, this fully renovated property features low maintenance, high occupancy, and a prime location just minutes from Fort Campbell Military Base. Whether you’re looking to invest in the thriving Middle Tennessee rental market or secure a turnkey multifamily property, Brookside Apartments is an investment worth considering. For more details, click the "Get More Information" button below!

    Investment Facts

    Year Built: 1976 Number of Buildings: 1 Unit Mix: 16 - 1/1 Exterior: Block and Stone with a flat roof Interior: Most unts remodeled and have updated appliances and newer mini-split HVACs

    Investment Highlights

    • Major Renovations Completed: Fully renovated in 2019, including exterior upgrades and interior renovations across all 16 units, with new mini-split systems and dehumidifiers installed.
    • High Occupancy, Low Turnover: Strong leasing history with consistent tenant demand in the growing Clarksville rental market.
    • Low Maintenance: 16 one-bedroom apartments with durable painted block exteriors and minimal landscaping requirements.
    • Prime Location: Situated just 1 block from Ft. Campbell Blvd and only 3.5 miles from Fort Campbell Military Base, surrounded by new construction and thriving development.
    • Management Continuity: Existing property management has effectively maintained high occupancy and low turnover and is available to continue managing the property post-sale.
    Details
  • Sale!

    Jefferson Flats

    Original price was: $1,900,000.Current price is: $1,750,000.
    Status

    Sold
    Address

    2607 Jefferson St. Nashville, TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Agent Email

    landon@ria-inc.com
    County

    Welcome to Jefferson Flats, a lucrative investment opportunity strategically positioned just minutes away from Tennessee State University and the vibrant heart of Downtown Nashville. This updated and well-maintained 12-unit apartment complex, spanning 7,300 square feet, presents a unique blend of prime location and strong rental potential. Originally constructed in 1963, Jefferson Flats has undergone extensive renovations, ensuring a modern and appealing living space for tenants. Each unit currently commands nearly $1,250 per month in rent, and with the opportunity to further align with market trends, there's room for increased returns in the coming year.

    Additionally, Jefferson Flats is approved for use as a Non-Owner-Occupied Short-Term Rental in Nashville, opening up an additional revenue stream for savvy investors looking to capitalize on Nashville's thriving tourism market. Jefferson Flats is not just an investment; it's a path to sustainable and growing returns in the heart of Music City.

    Property Overview:
    • Unit Composition: 12 - 2bd/1ba
    • Recent Updates: Large amount of capital has gone into this property since 2021 making it a turnkey investment.
    • HVAC Systems: PTAC HVAC install in all units
    • 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.
    Structural Enhancements:
    • New Roof
    • Sewer Line Repair
    • Vapor Barrier installation
    • Building Supports
    • Exterior Lights
    • Electrical Panels
    • Water Heater Replacements
    • LVL Supports
    • Plumbing Repairs & Updates
    Convenience Features:
    • In Unit Laundry: All Units are equipped with in-unit laundry hook ups.
    • Location: Minutes from Downtown Nashville and TSU
    Details

  • South Wind – Unit 2

    $369,990
    Status

    Active
    Address

    2725 Kennedy Ct. Franklin, TN 37064
    Number of Units

    Property Type

    ,

    Sqft

    Listing Agent

    County

    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

  • Fayetteville 17

    $750,000
    Status

    Sold
    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
  • Multifamily in Manchester, TN

    Hayfield Square

    $12,125,000
    Status

    Sold
    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
  • Lakeside Apartments in Knoxville, TN an excellent Investment Property

    Lakeside Apartments

    $1,250,000
    Status

    Sold
    Property Type

    Number of Units

    Address

    500 & 506 Lakeside St. Knoxville, TN 37914
    Sqft

    Listing Agent

    County

    Knox
    Lakeside Apartments are  a prime investment opportunity in the thriving market of Knoxville, TN. Located at 500 & 506 Lakeside Street, this multifamily property represents a golden prospect for seasoned investors looking to capitalize on the robust potential of the Knoxville market.

    Key Property Details:

    • Location: 500 & 506 Lakeside Street, Knoxville, TN
    • Built: 1968
    • Unit Mix: 11 Two-bedroom units, 1 One-bedroom unit
    • Construction: Mostly brick exterior
    • Utilities: Master water meter with RUBS in place; Individual electricity metering

    Why Knoxville?

    Knoxville stands out as an exceptional market for multifamily investment, driven by a combination of economic, demographic, and lifestyle factors. Here's why:
    1. Economic Growth: Knoxville has experienced steady economic growth, supported by diverse industries, including healthcare, manufacturing, and technology. This stability translates to a reliable tenant pool for multifamily properties.
    2. Population Growth: The city has consistently attracted a growing population, fueled by its affordability, quality of life, and a strong job market. More people moving to the area means increased demand for rental properties.
    3. Educational Hub: Home to the University of Tennessee, Knoxville is a hub for education, drawing students and faculty members. This ensures a consistent demand for rental housing in the vicinity.
    4. Proximity to Urban Amenities: Residents enjoy the benefits of urban living with a wide range of amenities, entertainment options, and cultural attractions. Proximity to recreational areas, parks, and the waterfront enhances the overall appeal of the location.

    Investment Highlights:

    • Built-in Cash Flow: The property's eleven 2-bedroom units and one 1-bedroom unit provide a stable and diversified income stream.
    • Value-Add Opportunities: Unlock significant value by renovating older units to meet modern standards. Implementing strategic upgrades can lead to higher rental rates, increasing the property's overall income potential.

    Utilities:

    • Water: With a master water meter and RUBS system in place.
    • Electricity: Each unit is individually metered for electricity.
    The Path to Profit: The investment strategy for 500 & 506 Lakeside Street revolves around capitalizing on the strong market fundamentals of Knoxville. Investors can achieve increased returns through targeted renovations and rent adjustments, aligning rental rates with the current market trends. Seize the opportunity to be a part of Knoxville's growth story. For detailed financials, renovation projections, and a personalized investment analysis, contact us today. This multifamily gem is poised to deliver long-term value and financial success in the dynamic Knoxville market. 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

  • North 5th Triplex

    $599,000
    Status

    Active, Sold
    Address

    1127 North 5th St. Nashville, TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    Welcome to an exclusive investment opportunity with this rare triplex in East Nashville, TN. Conveniently positioned at 1127 N. 5th Street, this multifamily property beckons experienced investors seeking to leverage the undeniable potential of the Nashville real estate market.

    Key Property Details:

    • Location: 1127 N. 5th Street, Nashville, TN 37207
    • Built: 1956
    • Unit Mix: (All Units Currently Vacant)
      • 1 x 3-bedroom, 2-bathroom unit
      • 1 x 2-bedroom, 1-bathroom unit
      • 1 x 1-bedroom, 1-bathroom unit
    • Construction: Brick and hardy plank exterior
    • Utilities: Individually metered for water, electricity, and gas
    • HVAC: Central Heat and Air in 2 units, Baseboard and window units in 1 Unit.

    Why Nashville?

    East Nashville has become a hotspot for multifamily investments due to a confluence of factors that make it a standout market:
    1. Music City's Economic Crescendo: As a dynamic economic hub, Nashville has experienced substantial growth across various sectors, including healthcare, technology, and finance. This translates into a robust job market, attracting a diverse and growing population.
    2. Population Magnet: Renowned for its cultural vibrancy and quality of life, Nashville consistently draws new residents. The influx of people fuels demand for rental properties, making it an ideal environment for multifamily investments.
    3. Tourism and Entertainment Capital: Nashville's status as a premier tourist destination ensures a steady demand for short-term and long-term rental properties. The city's entertainment scene, cultural attractions, and events contribute to the year-round appeal for residents.
    4. Thriving Arts and Education Scene: Home to world-class universities, a burgeoning arts scene, and a commitment to education, Nashville attracts students, young professionals, and families, creating a diverse tenant base.

    Investment Highlights:

    • Unit Diversity: The property's mix of 3-bedroom, 2-bedroom, and 1-bedroom units caters to a broad demographic, enhancing tenant appeal and marketability.
    • Low Maintenance: The combination of brick and hardy plank exterior ensures durability and low maintenance costs, providing long-term value for investors.

    Operational Advantages:

    • Individually Metered Utilities: Tenants are responsible for their water, electricity, and gas usage, minimizing operational complexities and optimizing expense management.
    • Conveniences: there are Washer/dryer in each unit that will be sold with property 

    Value-Add Opportunities:

    • Rental Rate Optimization: Substantial upside potential exists through the adjustment of rents to align with current market rates, optimizing cash flow and overall property value.
    • Strategic Renovation: Enhance the property's overall appeal by renovating the 2/1 and the 1/1 units, increasing its rental potential and attracting high-quality tenants.
    • DADU Zoning: The property is zoned for a Detached Accessory Dwelling Unit (DADU), opening up additional development possibilities for savvy investors seeking to maximize the property's potential.
    This is a rare opportunity to capitalize on the dynamic growth of Nashville. For a comprehensive financial analysis, renovation projections, and to discuss the strategic potential of this multifamily property, connect with us today. Your investment journey in the heart of Nashville awaits. Disclaimer: This offering is exclusively available to qualified investors. Due diligence is recommended, and all interested parties should consult with their financial advisors before making investment decisions.
    Details

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