201 William D Jones Blvd - Apartments FOR SALE


Fayetteville, TN 37334
$600,000 USD
615-973-5373
201 William D Jones Blvd, Fayetteville, TN for Sale
$600,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

201 William D Jones Blvd
Fayetteville, TN 37334


HIGHLIGHTS

  • All 2-Bed/1-Bath Units (900 SF): Uniform layouts offer operational efficiency and tenant appeal.
  • High Yield Potential: With significant renovation, this property presents an opportunity to unlock durable cash flow and long-term appreciation.
  • Utility-Ready Infrastructure: Electric, water, and gas lines in place with potential for individual metering.
  • On-Site Laundry Facility: Existing infrastructure to support added revenue stream and tenant convenience.
  • Plumbing & Electrical: Featuring PVC/PEX piping, copper wiring, and 100-amp Murray brand electrical panels
  • Mixed Foundation: First third of the building sits atop a crawlspace, with the remaining two-thirds on a concrete slab

OVERVIEW

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.?

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$35 USD /SF

# OF UNITS

19

PRICE/UNIT

$31,579

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fayetteville Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.82 AC

LAND SF

166,399 SF

ZONING

-

APN/PARCEL ID

079B-E-025.04

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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