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27 Unit - Middle Tennessee Portfolio 4 Multifamily Properties Offered at $4,299,000 in Multiple Locations
Investment Highlights
- Strong, consistent cash flow across four stabilized assets
- Immediate income with value-add upside through interior modernization and rent growth
- Scalable portfolio opportunity with regional management efficiencies
- Proven workforce tenant base with low turnover
- Located within high-demand submarkets west of Nashville (Dickson & Hickman Counties)
Executive Summary
SVN | Accel Commercial Real Estate is pleased to present a 27-unit multifamily portfolio spanning four stabilized properties across Vanleer, Lyles, Nunnelly, and Dickson, Tennessee.
This geographically diverse portfolio features a balanced mix of one- and two-bedroom units, all leased annually with weekly rent collection, offering investors a rare combination of high-yield income and long-term lease security. The assets include the Sneed Point Apartments in Lyles, Vanleer Apartments in Vanleer, The Meadows in Nunnelly, and DND Apartments in Dickson — each serving strong local workforce tenant bases.
With consistent occupancy, proven rent rolls, and opportunities for value-add enhancements, this portfolio presents an exceptional opportunity to acquire a scalable, cash-flowing, and resilient multifamily platform in Middle Tennessee’s growing submarkets.
Unit Breakdown:
Vanleer Apartments (Vanleer, TN) – 10 units: (9) 1BR/1BA, (1) 2BR/1BA
Sneed Point Apartments (Lyles, TN) – 6 units: (6) 2BR/1.5BA all-brick building
The Meadows (Nunnelly, TN) – 6 units: (5) 1BR/1BA, (1) 2BR/1BA detached house
DND Apartments (Dickson, TN) – 5 units: (4) 2BR/1BA duplex units, (1) 2BR/1BA rear single-family home
Total:
27 Units | (15) 1BR/1BA | (11) 2BR/1BA | (6) 2BR/1.5BA
Occupancy: 100%
Lease Structure: Weekly rent collection under annual leases, 7% cap rate
This geographically diverse portfolio features a balanced mix of one- and two-bedroom units, all leased annually with weekly rent collection, offering investors a rare combination of high-yield income and long-term lease security. The assets include the Sneed Point Apartments in Lyles, Vanleer Apartments in Vanleer, The Meadows in Nunnelly, and DND Apartments in Dickson — each serving strong local workforce tenant bases.
With consistent occupancy, proven rent rolls, and opportunities for value-add enhancements, this portfolio presents an exceptional opportunity to acquire a scalable, cash-flowing, and resilient multifamily platform in Middle Tennessee’s growing submarkets.
Unit Breakdown:
Vanleer Apartments (Vanleer, TN) – 10 units: (9) 1BR/1BA, (1) 2BR/1BA
Sneed Point Apartments (Lyles, TN) – 6 units: (6) 2BR/1.5BA all-brick building
The Meadows (Nunnelly, TN) – 6 units: (5) 1BR/1BA, (1) 2BR/1BA detached house
DND Apartments (Dickson, TN) – 5 units: (4) 2BR/1BA duplex units, (1) 2BR/1BA rear single-family home
Total:
27 Units | (15) 1BR/1BA | (11) 2BR/1BA | (6) 2BR/1.5BA
Occupancy: 100%
Lease Structure: Weekly rent collection under annual leases, 7% cap rate
Taxes & Operating Expenses (Actual - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$398,478
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$398,478
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$97,356
|
| Net Operating Income |
$301,122
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $398,478 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $398,478 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $97,356 |
| Net Operating Income | |
|---|---|
| Annual | $301,122 |
Property Facts
| Price | $4,299,000 | Number of Properties | 4 |
| Price / SF | $232.32 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 18,505 SF |
| Sale Type | Investment | Total Land Area | 2.82 AC |
| Status | Active |
| Price | $4,299,000 |
| Price / SF | $232.32 / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 18,505 SF |
| Total Land Area | 2.82 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5608 Highway 48 N, Dickson, TN 37055 | Multifamily | 3,574 SF | 1988 | - |
| 10092 Sneed Pt, Lyles, TN 37098 | Multifamily | 2,600 SF | 2003 | - |
| 4921 Highway 48 N, Nunnelly, TN 37137 | Multifamily | 5,871 SF | 1989 | - |
|
Vanleer Apartments
4819 Highway 49 West, Vanleer, TN 37181 |
Multifamily | 6,460 SF | 1980 | - |
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27 Unit - Middle Tennessee Portfolio
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