11 very well maintained units within 10 miles of each other. This portfolio is made up of five duplexes and one single family home. The properties have undergone major renovations upon acquisitions and continually undergo capital improvements in order to maintain optimal tenant retention and overall rental performance. The majority of the units offered here have long term tenants! 8 of the 11 units are currently on the section 8 program and several of them are scheduled for imminent 5% rent increases.
Parcel 1 - 36 Fee Simple Townhomes AGE:7794 7796 Hickory Meadow built 1984 7786 7792 Hickory Meadow built 1986 7770 7784 Hickory Meadow built 1987 7751 7779 Biloxi CV built 1987 7750 7772 Biloxi CV built 1989 Exterior: Brick Veneer; - Roof: Architectural Shingles: ave age 1.5 yrs.; - HVAC: range 1 to 7 yrs. ave 4.5 yrs.; - Water Heater: range 1 to 8 yrs. ave 5 yrs. Appliances: Stove/Oven, Dishwasher, Vent hood, Disposal: range 1 to 10 yrs. ave 5 yrs.; - Carpet: range 1 to 4 yrs. ave 2 yrs.; - Washer/Dryer hookups Parcel 2 - 5 Fee Simple Townhomes AGE: 7778 Biloxi CV units #101, #102, #103, #104, #105 Built 1989 Exterior: Brick Veneer; - Roof: Architectural Shingles: age 1.5 yrs.; HVAC: range 1 to 7 yrs. ave 4.5 yrs.; - Water Heater: range 1 to 8 yrs. ave 5 yrs. Appliances: Stove/Oven, Dishwasher, Vent hood, Disposal: range 1 to 10 yrs. ave 5 yrs.; - Carpet: range 1 to 4 yrs. ave 2 yrs.; - Washer/Dryer hookups
Remodeled 4-Plex. Ceramic tile, all appliances stay.
Nice Late Model 4 Duplexes in Milan on Large Lots. 7 Years Old. All Units are 2 Bedrooms, 1 Bath. Rented at $625 per month.
Great investment property - 2 story, 12 unit apartment bldg. All units are 2BR/1.5BA - approx. 1056 sq ft per unit. According to previous MLS history, units were renovated in 2008. Potential monthly rental per unit $650/mo
Marcus & Millichap is pleased to offer the following garden-style apartments (student housing) located in Murfreesboro, Tennessee. The property is made-up of three brick buildings housing a total of 16 units and 48 beds. Each unit contains three bedrooms, three baths, walk-in closets, balconies and full sized appliances - including washer and dryer. The property is currently managed by the owner/developer with a non-dedicated staff. This multifamily investment property offers an excellent opportunity to break into a student housing market that has seen consistent growth in both student population as well as first year retention. The current occupancy is sightly below average and expenses are sightly above average due to lack of dedicated management and oversight. The tenant demographic consists mainly of students attending MTSU as it is just down the street from the campus, however Murfreesboro's growing population offers an additional pipeline of potential residents. By strategically increasing management oversight as well as proper vetting of tenants, an investor can expect to boost NOI to match the market.
Renovated Duplex (2004), New Kitchen, Refinished Hardwood Floors, New HVAC, New Electrical Wiring, Separate Utilities for Each Unit. Easily Converted to Single Family Residence or Leave Existing Tenant to help offset Mortgage Payment. Unit #1 Downstairs: 1 Bedroom, 1 Bath (1008 Sq Ft) Formal Living & Dining Room, Kitchen with all appliances & New Cabinets, Built In BookShelves, Full Basement Unit #2 Upstairs: 2 Bedroom, 1 Bath (956 Sq Ft) Huge Bedrooms with Walk In Closets, Large Living Room & Dining Room, New Kitchen with Appliances and Stacked Washer/Dryer.