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201 William D Jones Blvd
Fayetteville, TN 37334
Fayetteville Flats · Multifamily Property For Sale
·
19 Units
Investment Highlights
- All 2-Bed/1-Bath Units (900 SF): Uniform layouts offer operational efficiency and tenant appeal.
- Utility-Ready Infrastructure: Electric, water, and gas lines in place with potential for individual metering.
- Plumbing & Electrical: Featuring PVC/PEX piping, copper wiring, and 100-amp Murray brand electrical panels
- High Yield Potential: With significant renovation, this property presents an opportunity to unlock durable cash flow and long-term appreciation.
- On-Site Laundry Facility: Existing infrastructure to support added revenue stream and tenant convenience.
- Mixed Foundation: First third of the building sits atop a crawlspace, with the remaining two-thirds on a concrete slab
Executive Summary
Link to the Fayetteville Flats Deal Room: https://www.?marcusmillichap.?com/properties/183602/fayetteville-flats
Marcus & Millichap has been selected to exclusively market for sale the Fayetteville Flats in Fayetteville, TN.? This offering will allow a potential investor to purchase a rare value-add investment opportunity located in middle Tennessee.?
This multifamily property in Fayetteville, TN presents a compelling value-add opportunity for investors seeking upside through renovation and repositioning.? Previously mid-renovation, the asset consists of 100% 2-bedroom / 1-bath units averaging 900 square feet, along with an on-site laundry facility.? The property is utility-ready, with infrastructure in place for individual electric, water, and gas metering, copper wiring, PVC/PEX plumbing, and 100-amp panels.? No HVAC systems are currently installed, providing a clean slate for the implementation of modern, energy-efficient systems and the opportunity to enhance property performance.? Located approximately 30 minutes from Huntsville, AL and 90 minutes from Nashville, TN, the asset benefits from strong regional connectivity, a low cost of living, and a stable manufacturing employment base.? Upon completion of renovations, investors have the opportunity to reposition the property into a stabilized, cash-flowing asset within a growing workforce housing market.?
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.?
Marcus & Millichap has been selected to exclusively market for sale the Fayetteville Flats in Fayetteville, TN.? This offering will allow a potential investor to purchase a rare value-add investment opportunity located in middle Tennessee.?
This multifamily property in Fayetteville, TN presents a compelling value-add opportunity for investors seeking upside through renovation and repositioning.? Previously mid-renovation, the asset consists of 100% 2-bedroom / 1-bath units averaging 900 square feet, along with an on-site laundry facility.? The property is utility-ready, with infrastructure in place for individual electric, water, and gas metering, copper wiring, PVC/PEX plumbing, and 100-amp panels.? No HVAC systems are currently installed, providing a clean slate for the implementation of modern, energy-efficient systems and the opportunity to enhance property performance.? Located approximately 30 minutes from Huntsville, AL and 90 minutes from Nashville, TN, the asset benefits from strong regional connectivity, a low cost of living, and a stable manufacturing employment base.? Upon completion of renovations, investors have the opportunity to reposition the property into a stabilized, cash-flowing asset within a growing workforce housing market.?
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.?
Property Facts
| Price Per Unit | $44,432 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.82 AC |
| Sale Condition | Building in Shell Condition | Building Size | 17,100 SF |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price Per Unit | $44,432 CAD |
| Sale Type | Investment |
| Sale Condition | Building in Shell Condition |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.82 AC |
| Building Size | 17,100 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | 900 |
Property Taxes
| Parcel Number | 079B-E-025.04 | Improvements Assessment | $250,840 CAD |
| Land Assessment | $24,707 CAD | Total Assessment | $275,547 CAD |
Property Taxes
Parcel Number
079B-E-025.04
Land Assessment
$24,707 CAD
Improvements Assessment
$250,840 CAD
Total Assessment
$275,547 CAD
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