1. Tennessee
  2. Lyles
  3. 6966 Park Dr
$449,900

6966 Park Dr, Lyles, TN 37098

  • 4,640 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1994
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $97/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

This is an exceptional investment opportunity featuring 8 rental units across three separate properties, with significant value add potential. Two tenants vacated when learning of the sale, but the remaining tenants have been in place for years and have a strong payment history. Excellent opportunity to get tenants to market rates! The property offers a mix of unit types to appeal to a wide range of renters. There are two 2-bedroom, 1-bath duplex units, three studio-style efficiency apartments, each with 1 bath, and a house with two 2 bedroom, 1 bath downstairs units. All buildings separately metered! Recent updates include a new septic pump installed in 2024 and HVAC servicing for the triplex completed in December 2024. This property offers a unique opportunity to capitalize on below-market rents and long-term tenants with a strong payment history, making it an ideal investment for those seeking stable cash flow and future growth potential.

Listing Status:
Active
Listing Office:
Keller Williams Realty Nashville/Franklin : 6157781818
Listing Agent:
Kaysie Banville : 6156398815
MLS ID:
2882905
  • Laundry: IndividualElectric Dryer Hookup
  • Flooring: Vinyl
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Kaysie Banville, Keller Williams Realty Nashville/Franklin

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

East Hickman Elementary School

5191 Highway 100, Lyles, TN, 37098

Grades PK-2

1.14 miles away

E

East Hickman Middle School

9414 E Eagle Dr, Lyles, TN, 37098

Grades 6-8

1.38 miles away

E

East Hickman High School

7700 Highway 7, Lyles, TN, 37098

Grades 9-12

2.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.