Fayetteville Flats — Sale in Fayetteville, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Fayetteville, TN 37334

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Description

Marcus & Millichap has been selected to exclusively market for sale the Fayetteville Flats in Fayetteville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in middle Tennessee. This multifamily property in Fayetteville, TN presents a compelling value-add opportunity for investors seeking upside through renovation and repositioning. Previously mid-renovation, the asset consists of 100% 2-bedroom / 1-bath units averaging 900 square feet, along with an on-site laundry facility. The property is utility-ready, with infrastructure in place for individual electric, water, and gas metering, copper wiring, PVC/PEX plumbing, and 100-amp panels. No HVAC systems are currently installed, providing a clean slate for the implementation of modern, energy-efficient systems and the opportunity to enhance property performance. Located approximately 30 minutes from Huntsville, AL and 90 minutes from Nashville, TN, the asset benefits from strong regional connectivity, a low cost of living, and a stable manufacturing employment base. Upon completion of renovations, investors have the opportunity to reposition the property into a stabilized, cash-flowing asset within a growing workforce housing market. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. Investment Highlights: • 19-unit multifamily asset offered at a significant basis discount, presenting immediate upside through completion of prior renovations and operational stabilization. • Located ~30 minutes from Huntsville, AL, one of the fastest-growing employment hubs in the Southeast. • 100% 2-bedroom / 1-bath units (90

Market Context

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