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Laundry Mat/Apartments 206 W Edison St 7 Unit Apartment Building $450,000 ($64,286/Unit) Fayetteville, TN 37334
Executive Summary
MRG is pleased to present this multifamily apartment complex in Fayetteville, Tennessee.
This 7-unit apartment building offers investors the opportunity to acquire a cash-flowing multifamily asset with significant value-add potential in Fayetteville. The property is currently generating stable rental income while providing a clear path to increased revenue through continued unit renovations and strategic rent growth
Investment highlights
10% mark to market play with unit renovations completed
Room to increase income by up to 40% with RUBs and laundry income
Value-add opportunity with continued unit renovations and future rent growth potential.
Three units recently renovated, improving property appeal and increasing rental upside.
Strong workforce housing demand near Huntsville's growing employment base, supporting stable occupancy and long-term investment potential.
This 7-unit apartment building offers investors the opportunity to acquire a cash-flowing multifamily asset with significant value-add potential in Fayetteville. The property is currently generating stable rental income while providing a clear path to increased revenue through continued unit renovations and strategic rent growth
Investment highlights
10% mark to market play with unit renovations completed
Room to increase income by up to 40% with RUBs and laundry income
Value-add opportunity with continued unit renovations and future rent growth potential.
Three units recently renovated, improving property appeal and increasing rental upside.
Strong workforce housing demand near Huntsville's growing employment base, supporting stable occupancy and long-term investment potential.
Property Facts
| Price | $450,000 | Building Class | C |
| Price Per Unit | $64,286 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 4,740 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 2.32/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $450,000 |
| Price Per Unit | $64,286 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,740 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 2.32/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 079E-A-007.00 | Improvements Assessment | $47,240 |
| Land Assessment | $11,920 | Total Assessment | $59,160 |
Property Taxes
Parcel Number
079E-A-007.00
Land Assessment
$11,920
Improvements Assessment
$47,240
Total Assessment
$59,160
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Laundry Mat/Apartments | 206 W Edison St
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