MRG is pleased to present this multifamily apartment complex in Fayetteville, Tennessee.
This 7-unit apartment building offers investors the opportunity to acquire a cash-flowing multifamily asset with significant value-add potential in Fayetteville. The property is currently generating stable rental income while providing a clear path to increased revenue through continued unit… Read More renovations and strategic rent growth
Investment highlights
10% mark to market play with unit renovations completed
Room to increase income by up to 40% with RUBs and laundry income
Value-add opportunity with continued unit renovations and future rent growth potential.
Three units recently renovated, improving property appeal and increasing rental upside.
Strong workforce housing demand near Huntsville's growing employment base, supporting stable occupancy and long-term investment potential. Read Less
Courtesy of MRG Realty Partners.
Listing Snapshot
Days Online
17
Last Updated
Square Ft.
6,000
Year Built
1930
MLS Number
3255670
Additional Details
Building
Built in 1930, Year Built Details: Existing, Living area: 6000, Living area units: Square Feet, Levels: Two, Construction Materials: Brick
Cooling
Wall/Window Unit(s)
Expenses
Operating: $34,344
Floors
Laminate
Heating
Central
Income
Gross Income: $67,920, Net Operating Income: $33,576
Listings courtesy of Realtracs as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. Use of the MLS GRID data may be subject to an end user license agreement (EULA) prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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