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Todd-Meharry Apartments 1806 Meharry Blvd 14 Unité Immeuble d’appartements 2 063 730 $ CAD (147 409 $ CAD/Unité) 6,23% Taux de capitalisation Nashville, TN 37208
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Combined 14-unit offering consisting of a 13-unit multifamily building and a standalone rental home next door
- Strong rental upside with current rents significantly below market for North Nashville
- Potential to implement RUBS or utility bill-back programs to enhance NOI
- Efficient unit mix with predominantly 1-bedroom layouts ideal for student, healthcare, and workforce tenants
- Excellent opportunity for value-add repositioning through interior upgrades and rent normalization
- Walkable location adjacent to Fisk University and Nashville General Hospital
Résumé de l'annonce
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/202612/toddmeharry-apartments
Marcus & Millichap has been selected to exclusively market for sale the Todd-Meharry Apartments located just minutes from downtown Nashville. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in Nashville, TN.
This 14-unit offering includes a 13-unit multifamily building at 1037 DB Todd Boulevard and a single-family rental home next door at 1806 Meharry Boulevard, creating a rare small-scale portfolio in a tightly supplied North Nashville corridor. The unit mix is predominantly efficient one-bedroom layouts supported by strong demand from nearby universities and healthcare employers. Both assets are within walking distance of Fisk University and Nashville General Hospital and minutes from Downtown Nashville, Midtown, and the North Gulch. With rents well below market and multiple value-add levers including interior upgrades, RUBS implementation, and repositioning of the standalone home, new ownership has a compelling opportunity to enhance NOI. The central location, durable tenant base, and strong submarket fundamentals support both immediate operational upside and long-term exit flexibility.
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 Todd-Meharry Apartments.
Marcus & Millichap has been selected to exclusively market for sale the Todd-Meharry Apartments located just minutes from downtown Nashville. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in Nashville, TN.
This 14-unit offering includes a 13-unit multifamily building at 1037 DB Todd Boulevard and a single-family rental home next door at 1806 Meharry Boulevard, creating a rare small-scale portfolio in a tightly supplied North Nashville corridor. The unit mix is predominantly efficient one-bedroom layouts supported by strong demand from nearby universities and healthcare employers. Both assets are within walking distance of Fisk University and Nashville General Hospital and minutes from Downtown Nashville, Midtown, and the North Gulch. With rents well below market and multiple value-add levers including interior upgrades, RUBS implementation, and repositioning of the standalone home, new ownership has a compelling opportunity to enhance NOI. The central location, durable tenant base, and strong submarket fundamentals support both immediate operational upside and long-term exit flexibility.
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 Todd-Meharry Apartments.
Faits sur la propriété
| Prix | 2 063 730 $ CAD | Classe d’immeuble | C |
| Prix par unité | 147 409 $ CAD | Taille du lot | 0,22 AC |
| Type de vente | Investissement | Taille du bâtiment | 9 400 pi² |
| Taux de capitalisation | 6,23% | Nombre d’étages | 2 |
| Nombre d’unités | 14 | Année de construction | 1939 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1,28/1 000 pi² |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Style d’appartement | De faible hauteur | ||
| Zonage | RM20 | ||
| Prix | 2 063 730 $ CAD |
| Prix par unité | 147 409 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,23% |
| Nombre d’unités | 14 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,22 AC |
| Taille du bâtiment | 9 400 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1939 |
| Ratio de stationnement | 1,28/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | RM20 |
Commodités
Commodités des unités
- Climatisation
- Espace d'entreposage
- Ventilateurs de plafond
- Cuisine
- Bain/Douche
- Plancher de vinyle
Commodités du site
- Installations de lessive
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 10 | 1 150 $ CAD | 400 - 550 |
| 2+1 | 2 | 1 435 $ CAD | 700 - 1 000 |
| 2+2 | 1 | 1 871 $ CAD | 1 200 |
| 3+1 | 1 | 2 064 $ CAD | 1 600 |
1 1
Très praticable à pied
80/100
Exceptionnellement facile d’accès en voiture
90/100
Transports en commun relativement accessibles
50/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 757 416 $ CAD | |
| Évaluation du terrain | 321 254 $ CAD | Évaluation totale | 1 078 670 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
321 254 $ CAD
Évaluation des bâtiments
757 416 $ CAD
Évaluation totale
1 078 670 $ CAD
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Todd-Meharry Apartments | 1806 Meharry Blvd
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