Athens Quadplex 2133 W Madison Ave 4 Unité Immeuble d’appartements 890 090 $ CAD (222 523 $ CAD/Unité) Athens, TN 37303

Value-add multifamily offering with clear expansion upside. The asset includes an existing four-unit apartment building generating in-place income on approximately 1.9 acres. The primary investment opportunity is the ability to expand the community with four additional six-unit buildings, allowing a buyer to grow the project to 28 total units through phased construction.
Site plans have been prepared, enabling a purchaser to move into permitting and development while maintaining current operations. The location benefits from strong rental demand supported by nearby employment, schools, and convenient access to I-75 and the Chattanooga–Knoxville corridor. Limited workforce housing supply in the immediate area supports long-term occupancy and rent growth.
Ideal for an investor or regional operator seeking a covered land play with existing cash flow and a defined path to increased density and future value creation.