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The Flats at 1200 1200 WH Davis Dr 45 Unit Apartment Building For Sale Nashville, TN 37208
INVESTMENT HIGHLIGHTS
- Positioned within an Opportunity Zone, offering potential tax advantages for investors
- Approximately $150,000 in capital improvements over the past 36 months
- Master-metered water system with monthly tenant bill-back of $50–$55
- Value-add potential through further interior upgrades and rent optimization
- Individually metered electricity with accounts in tenants’ names
- Owner covers trash service through Waste Management
EXECUTIVE SUMMARY
Link to Deal room and Financials: https://www.marcusmillichap.com/properties/194003/the-flats-at-1200
Marcus & Millichap has been selected to exclusively market for sale The Flats at 1200 located in Nashville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in one of America’s fastest-growing cities.
The Flats at 1200 offers investors a compelling opportunity to acquire a 45-unit multifamily asset in North Nashville, one of the city’s fastest-growing submarkets. With approximately $150,000 in recent capital improvements and additional value-add potential, the property benefits from strong rental demand, proximity to major institutions, and its location within an Opportunity Zone—providing both immediate cash flow and long-term upside.
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 Flats at 1200.
Marcus & Millichap has been selected to exclusively market for sale The Flats at 1200 located in Nashville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in one of America’s fastest-growing cities.
The Flats at 1200 offers investors a compelling opportunity to acquire a 45-unit multifamily asset in North Nashville, one of the city’s fastest-growing submarkets. With approximately $150,000 in recent capital improvements and additional value-add potential, the property benefits from strong rental demand, proximity to major institutions, and its location within an Opportunity Zone—providing both immediate cash flow and long-term upside.
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 Flats at 1200.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 27,851 SF |
| No. Units | 45 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Garden | Parking Ratio | 3.59/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.37 AC |
| Sale Type | Investment |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.37 AC |
| Building Size | 27,851 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 3.59/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Maintenance on site
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 528 |
| 2+1 | 31 | - | 646 - 700 |
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PROPERTY TAXES
| Parcel Number | 081-00-0-031 | Improvements Assessment | $487,640 |
| Land Assessment | $16,520 | Total Assessment | $504,160 |
PROPERTY TAXES
Parcel Number
081-00-0-031
Land Assessment
$16,520
Improvements Assessment
$487,640
Total Assessment
$504,160
CONTACTS
-
Patrick Cosgrove -
Daniel Cosgrove -
Harrison Johnson -
Isaac Geoghegan -
Marcus & Millichap
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The Flats at 1200 | 1200 WH Davis Dr
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