$499,900
 $2,684 est/mo Sourced by Back At You

6966 Park Dr , Lyles, TN 37098

Lyles, TN 37098

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Description

This is an exceptional investment opportunity featuring 8 rental units across three separate properties, with significant value add potential. Two tenants vacated when learning of the sale, but the remaining tenants have been in place for years and have a strong payment history. Excellent opportunity to get tenants to market rates! The property offers a mix of unit types to appeal to a wide range of renters. There are two 2-bedroom, 1-bath duplex units, three studio-style efficiency apartments, each with 1 bath, and a house with two 2 bedroom, 1 bath downstairs units. All buildings separately metered! Recent updates include a new septic pump installed in 2024 and HVAC servicing for the triplex completed in December 2024. This property offers a unique opportunity to capitalize on below-market rents and long-term tenants with a strong payment history, making it an ideal investment for those seeking stable cash flow and future growth potential.

Details

MLS#2812065
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1994
Days On Site19
Listing Provided ByKeller Williams Realty Nashville/Franklin | Kaysie Banville

Features

SQ Feet4,640
Story(s)1
Units8
ZoningNA

Market Activity 37098

 Listings courtesy of RealTracs MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of April 20, 2025 at 9:39:53 PM PDT 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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Learn More About This Property

StateTN
CountyHickman County
CityLyles
Zip Code37098
AreaHickman County | TN
Community NameMilton Brooks
School DistrictEast Hickman High School
Elementary SchoolEast Hickman Elementary
Middle SchoolEast Hickman Middle School
High SchoolEast Hickman High School
Listing VS Median (In Milton Brooks)
Price:
$499,900
low | high
Med:
$499,900
50% of Average
SqFt:
4,640
low | high
Med:
4,640
50% of Average
$ / SqFt:
$108
low | high
Med:
$108
50% of Average
On site:
19
low | high
Med:
19.000000
100% of Average
Sourced by Back At You
Listing Updated: April 2, 2025 at 3:33:44 PM PDT