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8 Unit Nashville Portfolio

2 Multifamily Properties Offered at $1,584,349 CAD in Nashville, TN

Investment Highlights

  • Seller concessions offered for exterior improvements.
  • Value add potential due to below market rents and minor improvements needed.
  • Properties were built in the early '80s, renovated in 2012, and are professionally managed.

Executive Summary

8 unit portfolio in the greater Nashville area consisting of 2 adjacent buildings both 4 units each. Built in 1983 and fully renovated in 2012, well maintained, and professionally managed by a local property manager. These properties have been meticulously taken care o by the owner. New paint, newer LVP flooring, newer hot water heaters, In unit washer / dryers hook ups. 1 unit has been left vacant or showing purposes. Both buildings are Zoned OR20, the property presents versatile exit strategies with potential to increase rents to maximize cash low making it a potential value add or investors seeking long-term value and growth in the thriving Nashville market. This zoning also permits Non-Owner Occupied Short Term Rental permits. Please reach out to Agent or access to more pictures and to set up a tour or the vacant units. Please do not disturb tenants.

Data Room Click Here to Access

Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access

Annual (CAD)
Gross Rental Income $99,999
Other Income $99,999
Vacancy Loss $99,999
Effective Gross Income $99,999
Taxes $99,999
Operating Expenses $99,999
Total Expenses $99,999
Net Operating Income $99,999

Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Other Income (CAD)
Annual $99,999
Vacancy Loss (CAD)
Annual $99,999
Effective Gross Income (CAD)
Annual $99,999
Taxes (CAD)
Annual $99,999
Operating Expenses (CAD)
Annual $99,999
Total Expenses (CAD)
Annual $99,999
Net Operating Income (CAD)
Annual $99,999

Property Facts

Price $1,584,349 CAD
Price / SF $235.35 CAD / SF
Sale Conditions Bulk/Portfolio Sale
Cap Rate 5.65%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 6,732 SF
Total Land Area 0.36 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
5158 Linbar Dr, Nashville, TN 37211 Multifamily 2,244 SF 1983 -
5144-5152 Linbar Dr, Nashville, TN 37211 Multifamily 4,488 SF 1983 -
Show More > < Show Less
  • Listing ID: 31492217

  • Date on Market: 2024-04-12

  • Last Updated:

  • Address: 8 Unit Nashville Portfolio, Nashville, TN

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