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Listed by Kaysie Banville • Keller Williams Realty Nashville/Franklin
$600,000
Est. payment /mo
4,640 SqFt
Active
6966 Park Dr Lyles, TN 37098
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UPDATED:
01/21/2025 06:01 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,640 sqft
Price per Sqft $129
Subdivision Milton Brooks
MLS Listing ID 2780457
Year Built 1994
Annual Tax Amount $644
Lot Dimensions 114X200
Property Description
This is an exceptional investment opportunity featuring 8 rental units across three separate properties, with significant value add potential. Two tenants vacated when learning of the sale, but the remaining tenants have been in place for years and have a strong payment history. Excellent opportunity to get tenants to market rates! The property offers a mix of unit types to appeal to a wide range of renters. There are two 2-bedroom, 1-bath duplex units, three studio-style efficiency apartments, each with 1 bath, and a house with two 2 bedroom, 1 bath downstairs units. All buildings separately metered! Recent updates include a new septic pump installed in 2024 and HVAC servicing for the triplex completed in December 2024. This property offers a unique opportunity to capitalize on below-market rents and long-term tenants with a strong payment history, making it an ideal investment for those seeking stable cash flow and future growth potential.
Location
State TN
County Hickman County
Zoning NA
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools East Hickman Elementary
Middle Schools East Hickman Middle School
High Schools East Hickman High School