Lost Lane Flats — Sale in Mcewen, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Mcewen, TN 37101

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Investment Figures

Cap rate
7.07%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale the Lost Lane Flats in McEwen, TN. This offering will allow a potential investor to purchase a rare new investment opportunity located in a supply-constrained rural market. Lost Lane Flats offers investors the opportunity to acquire a fully occupied nine-unit multifamily asset in McEwen, Tennessee. The property consists of eight recently constructed three-bedroom, two-bath units and a one-bedroom, one-bath single-family rental, providing a desirable mix of modern housing inventory and stabilized cash flow. Situated on 1.32 acres and individually metered for electricity and water, the asset benefits from an efficient operating structure while limiting exposure to utility expense growth. The combination of full occupancy, larger floor plans, and newer construction positions the property as a low-maintenance investment with strong long-term rental appeal. 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. At no point should tenants or staff be contacted regarding the sale of the Lost Lane Flats. Investment Highlights: • Nine-unit multifamily investment comprised of one single-family rental and eight recently constructed apartment units. • Fully occupied property offering immediate in-place cash flow. Stabilized occupancy demonstrates current demand for the property's larger unit offerings. • Eight spacious 3 bed/2 bath units provide strong appeal to families and workforce housing tenants. • Individually metered for electricity and water, limiting landlord utility expenses.

Market Context

This multifamily in Mcewen, TN is listed for sale. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Mcewen, TN — view the full market.

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