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The Flats at 1200 1200 WH Davis Dr 45 Unit Apartment Building For Sale Nashville, TN 37208

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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.

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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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.