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Listed by Brian Truman • SVN Accel Commercial Real Estate
$ 960,000
Est. payment /mo
Active
10092 Sneed Pt Lyles, TN 37098
2,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $342
MLS Listing ID 3041735
HOA Y/N No
Year Built 2003
Annual Tax Amount $1,678
Property Description
SVN | Accel Commercial Real Estate proudly presents Sneed Point Apartments, consisting of 3 all-brick duplexes, located in Lyles, Tennessee, just west of Nashville. All 6 units feature an identical two-bedroom, one-and-a-half-bath townhome-style layout with bedrooms and a full bath upstairs, and a spacious living room, kitchen, utility area, and half bath on the main level.
The property's all-brick construction ensures long-term durability and low maintenance costs. All units are leased annually with weekly rent collection, delivering stable cash flow and minimal vacancy. This deal is currently operating at a 7% cap rate. The asset serves a consistent tenant base of workforce residents seeking affordable, quality housing in the fast-growing Hickman County area.
With 100% occupancy and a strong income history, Sneed Point represents an ideal value-add opportunity through interior modernization and rent optimization. This can be bought as a portfolio of 27 units or separately. MLS #s 3041735, 3041741, 3041742, 3041745
Highlights:
6 two-story, all-brick townhome units (2BR/1.5BA each)
Located in Lyles, TN (Hickman County)
100% occupied; weekly rent collection with annual leases
Low-maintenance construction and strong local demand
Stable cash flow with upside potential
The property's all-brick construction ensures long-term durability and low maintenance costs. All units are leased annually with weekly rent collection, delivering stable cash flow and minimal vacancy. This deal is currently operating at a 7% cap rate. The asset serves a consistent tenant base of workforce residents seeking affordable, quality housing in the fast-growing Hickman County area.
With 100% occupancy and a strong income history, Sneed Point represents an ideal value-add opportunity through interior modernization and rent optimization. This can be bought as a portfolio of 27 units or separately. MLS #s 3041735, 3041741, 3041742, 3041745
Highlights:
6 two-story, all-brick townhome units (2BR/1.5BA each)
Located in Lyles, TN (Hickman County)
100% occupied; weekly rent collection with annual leases
Low-maintenance construction and strong local demand
Stable cash flow with upside potential
Location
State TN
County Hickman County
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Other
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools East Hickman Elementary
Middle Schools East Hickman Middle School
High Schools East Hickman High School
Others
Senior Community false
Special Listing Condition Standard
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