Log In/Sign Up
Your email has been sent.
The Flats at 1200 1200 WH Davis Dr 45 Unit Apartment Building $8,997,134 CAD ($199,936 CAD/Unit) 5.93% Cap Rate 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
| Price | $8,997,134 CAD | Building Class | C |
| Price Per Unit | $199,936 CAD | Lot Size | 2.37 AC |
| Sale Type | Investment | Building Size | 27,851 SF |
| Cap Rate | 5.93% | Average Occupancy | 100% |
| No. Units | 45 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 3.59/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | RM40 - Residential | ||
| Price | $8,997,134 CAD |
| Price Per Unit | $199,936 CAD |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| 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 |
| Zoning | RM40 - Residential |
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 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 081-00-0-031 | Improvements Assessment | $1,180,280 CAD |
| Land Assessment | $30,475 CAD | Total Assessment | $1,210,755 CAD |
Property Taxes
Parcel Number
081-00-0-031
Land Assessment
$30,475 CAD
Improvements Assessment
$1,180,280 CAD
Total Assessment
$1,210,755 CAD
Contacts
-
Patrick Cosgrove -
Daniel Cosgrove -
Harrison Johnson -
Isaac Geoghegan -
Marcus & Millichap
1 of 42
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
The Flats at 1200 | 1200 WH Davis Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.