1002 Hillcrest Ave - Apartments FOR SALE


Dyersburg, TN 38024
$425,000 USD
615-551-1189
1002 Hillcrest Ave, Dyersburg, TN for Sale
$425,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1002 Hillcrest Ave
Dyersburg, TN 38024


OVERVIEW

Discover a solid investment opportunity in the heart of Dyersburg, TN. This 8-unit multifamily property, located at 1002 Hillcrest Avenue, offers a dependable mix of function and potential. Each unit spans approximately 810 sq. ft. and includes 2 bedrooms and 1 bathroom, providing a practical layout that appeals to long-term tenants. With individually metered electric and water, and an on-site laundry room for added tenant convenience, this property is well-positioned for efficient operations and consistent performance. Investment Highlights: Eight Spacious Units: All units feature 2 bedrooms and 1 bathroom across approximately 810 sq. ft., creating a balanced layout ideal for renters in the area. Individually Metered Utilities: Electric and water are separately metered, allowing for straightforward utility management and lower owner expenses. On-Site Laundry Room: Tenants enjoy access to a shared laundry facility, a key amenity that enhances tenant satisfaction and retention. Well-Maintained with Ongoing Updates: Property is professionally managed with repairs and renovations completed as needed to maintain quality standards. Strong Local Demand: Dyersburg continues to show steady demand for affordable rental housing, and with limited multifamily inventory, this asset offers stable occupancy and long-term upside.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

8

PRICE/UNIT

$53,125

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,500 SF

ZONING

Comm

APN/PARCEL ID

088N-B-001.00

ASK ABOUT THIS PROPERTY

Kristina RiversResidential Investment Advisors, Inc.More Info
615-551-1189

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Kristina RiversResidential Investment Advisors, Inc.More Info
615-551-1189

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.