206 W Edison St, Fayetteville, TN 37334

$450,000
6,000
SqFt

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List Price
$450,000
Status
ACTIVE
Days on Market
29
MLS#
3255670
Subtype
Residential Income
Year Built
1930
Living Area
6,000

Property Description

MRG is pleased to present this multifamily apartment complex in Fayetteville, Tennessee. This 7-unit apartment building offers investors the opportunity to acquire a cash-flowing multifamily asset with significant value-add potential in Fayetteville. The property is currently generating stable rental income while providing a clear path to increased revenue through continued unit renovations and strategic rent growth Investment highlights 10% mark to market play with unit renovations completed Room to increase income by up to 40% with RUBs and laundry income Value-add opportunity with continued unit renovations and future rent growth potential. Three units recently renovated, improving property appeal and increasing rental upside. Strong workforce housing demand near Huntsville's growing employment base, supporting stable occupancy and long-term investment potential.

Additional Information

Zoning
R-3
Exterior Construction
Brick
Stories
2
Elementary School
Blanche School
Middle School
Blanche School
High School
Fayetteville High School

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Listing courtesy of MRG Realty Partners.

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