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Listed by Brian Truman • SVN Accel Commercial Real Estate
$ 1,565,000
Est. payment | /mo
6,400 SqFt
$ 1,565,000
Est. payment | /mo
6,400 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $244
MLS Listing ID 3041741
HOA Y/N No
Year Built 1980
Annual Tax Amount $2,604
Property Description
SVN | Accel Commercial Real Estate is proud to present Vanleer Apartments, a 10-unit multifamily investment located in the heart of Vanleer, Tennessee. This well-maintained asset offers a diverse unit mix of nine one-bedroom, one-bath units and one two-bedroom, one-bath unit, each with functional layouts and full kitchens.
The property operates on a weekly rent collection model under annual lease agreements, providing investors with consistent cash flow and long-term tenancy. Occupancy remains at 100%, supported by strong workforce housing demand from surrounding employment hubs in Dickson, Charlotte, and Burns. This deal is currently operating at a 7% cap rate.
Strategically located along Highway 49 W, Vanleer Apartments benefits from excellent visibility and accessibility while maintaining a quiet small-town atmosphere. With opportunity for rent growth through light renovations and professional management, this property offers a compelling value-add investment in an expanding submarket. This can be bought as a portfolio of 27 units or separately. MLS #s 3041735, 3041741, 3041742, 3041745
Highlights:
10 total units (nine 1BR/1BA, one 2BR/1BA)
100% occupied; weekly rent collection with annual leases
Steady workforce tenant base
Reliable income and low turnover
Accessible to Dickson and Charlotte
The property operates on a weekly rent collection model under annual lease agreements, providing investors with consistent cash flow and long-term tenancy. Occupancy remains at 100%, supported by strong workforce housing demand from surrounding employment hubs in Dickson, Charlotte, and Burns. This deal is currently operating at a 7% cap rate.
Strategically located along Highway 49 W, Vanleer Apartments benefits from excellent visibility and accessibility while maintaining a quiet small-town atmosphere. With opportunity for rent growth through light renovations and professional management, this property offers a compelling value-add investment in an expanding submarket. This can be bought as a portfolio of 27 units or separately. MLS #s 3041735, 3041741, 3041742, 3041745
Highlights:
10 total units (nine 1BR/1BA, one 2BR/1BA)
100% occupied; weekly rent collection with annual leases
Steady workforce tenant base
Reliable income and low turnover
Accessible to Dickson and Charlotte
Location
State TN
County Dickson County
Interior
Heating Central
Cooling Central Air
Flooring Carpet
Fireplace N
Exterior
View Y/N false
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Well
Structure Type Hardboard Siding,Vinyl Siding,Wood Siding
New Construction false
Schools
Elementary Schools Vanleer Elementary
Middle Schools Charlotte Middle School
High Schools Creek Wood High School
Others
Senior Community false
Special Listing Condition Standard
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