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    Winchester 17

    $725,000
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    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
    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
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    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

  • North 5th Triplex

    $599,000
    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
  • Sale!

    Jefferson Flats

    Original price was: $2,499,000.Current price is: $2,125,000.
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    landon@ria-inc.com
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    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

  • Sharpe Avenue Duplex

    $450,000
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    615-267-3788
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    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
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    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

  • Sharondale Duplex – Sold

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    ,

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    615-551-1189 for Kristina
    615-265-6855 for Hunter
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    This fantastic two story property has so much to offer! With two separate drives and parking, the duplexes each offer two bedrooms and 1.5 bathrooms in a spacious 1100 sq ft. Not to mention, they also have Jack & Jill bathrooms upstairs with lots of closet space. The units are individually metered and, while they may need some minor updates, this presents an excellent opportunity to add value.
    Details

  • Madison Gardens

    $1,900,000
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    615-909-2278
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    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

  • 1203 Cline Duplex

    $450,000
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    615-857-6390
    Agent Email

    albert@ria-inc.com
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    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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Business Info

248 B Jackson Meadows Dr
Hermitage, TN 37076

(615) 965-8800
info@ria-inc.com

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