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Listed by Brian Truman • SVN Accel Commercial Real Estate
$ 873,000
Est. payment | /mo
3,700 SqFt
$ 873,000
Est. payment | /mo
3,700 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $235
MLS Listing ID 3041745
HOA Y/N No
Year Built 1987
Annual Tax Amount $1,881
Property Description
SVN | Accel Commercial Real Estate presents DND Apartments, a 5-unit multifamily property strategically positioned in the high-growth city of Dickson, Tennessee. The property includes two front duplexes with two-bedroom, one-bath layouts and a rear single-family home offering a similar configuration.
All units are leased annually with weekly rent collection, producing consistent income and operational flexibility. This deal is currently operating at a 7% cap rate. DND Apartments maintains strong occupancy and reliable rent performance, supported by steady workforce housing demand and close proximity to Dickson's retail, schools, and employment centers.
This property provides immediate, stable returns with potential for value-add improvements through light interior renovations and management optimization. This can be bought as a portfolio of 27 units or separately. MLS #s 3041735, 3041741, 3041742, 3041745
Highlights:
5 total units (4 duplex units + 1 single-family home)
Fully occupied; weekly rent collection under annual leases
Excellent visibility along Hwy 48 N
Proven workforce housing demand
Cash-flowing with value-add potential
All units are leased annually with weekly rent collection, producing consistent income and operational flexibility. This deal is currently operating at a 7% cap rate. DND Apartments maintains strong occupancy and reliable rent performance, supported by steady workforce housing demand and close proximity to Dickson's retail, schools, and employment centers.
This property provides immediate, stable returns with potential for value-add improvements through light interior renovations and management optimization. This can be bought as a portfolio of 27 units or separately. MLS #s 3041735, 3041741, 3041742, 3041745
Highlights:
5 total units (4 duplex units + 1 single-family home)
Fully occupied; weekly rent collection under annual leases
Excellent visibility along Hwy 48 N
Proven workforce housing demand
Cash-flowing with value-add potential
Location
State TN
County Hickman County
Interior
Heating Central
Cooling Central Air
Flooring Carpet
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Centerville Elementary
Middle Schools Hickman Co Middle School
High Schools Hickman Co Sr High School
Others
Senior Community false
Special Listing Condition Standard
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