For Sale
$3,500,000

1 Shelly RdDecherd, TN 37324

24-Unit Rental Property, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional multifamily investment opportunity encompasses a portfolio of 24 single-family rental units situated at 1 Shelly Rd, Decherd, TN 37324, in Franklin County. The property is offered at an asking price of $3,500,000, translating to approximately $145,833 per unit. Currently configured as twelve duplex buildings, each unit boasts a generous 1,000 square feet of living space, totaling 2,000 square feet per building. High-quality finishes are standard throughout, including stainless steel Whirlpool stoves and microwaves, custom cabinetry, and durable LVP flooring. Each unit also features an additional room suitable for use as a study, recreation room, or other flexible space. Residents enjoy the convenience of private patios. The property's location near the Nissan Manufacturing plant in Decherd, Tennessee offers strong rental demand and potential for future appreciation. The sale includes the existing plat layout, providing a clear understanding of the property's configuration and potential for future development. This turnkey investment presents a compelling opportunity for significant returns. The property is being sold as a whole project. Each unit includes a living room and more.

Highlights

  • 24-unit multifamily portfolio in Decherd, TN.
  • Asking price: $3,500,000 ($145,833 per unit).
  • Twelve duplex buildings, each with 2,000 sq ft.
  • 1,000 sq ft units with high-end finishes (stainless steel appliances, custom cabinetry, LVP flooring).
  • Each unit includes a bonus room and private patio.
  • Strong rental demand due to proximity to Nissan plant.

Property Details for 1 Shelly Rd

Property type
Residential income homes
Units
24

Location Insight

City
Decherd
County
Franklin
State
Tennessee
Latitude
35.2314386
Longitude
-86.076462
1 Shelly Rd, Decherd, Tennessee

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1 Shelly Rd
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