Vanleer Apartments | 4819 Hwy 49 W, Vanleer, TN | 10 Units
$1,565,000
4819 Tennessee 49, Vanleer, TN 37181
6,460 sqft
Building Size
1.5 acres
Lot Area
Details:
Highlights:
- 10 total units (nine 1BR/1BA, one 2BR/1BA)
- 100% occupied; weekly rent collection with annual leases
- Steady workforce tenant base
- Reliable income and low turnover
- Accessible to Dickson and Charlotte
Description:
SVN | Accel Commercial Real Estate is proud to present Vanleer Apartments, a 10-unit multifamily investment located in the heart of Vanleer, Tennessee. This well-maintained asset offers a diverse unit mix of nine one-bedroom, one-bath units and one two-bedroom, one-bath unit, each with functional layouts and full kitchens.
The property operates on a weekly rent collection model under annual lease agreements, providing investors with consistent cash flow and long-term tenancy. This deal is currently operating at a 7% cap rate. Occupancy remains at 100%, supported by strong workforce housing demand from surrounding employment hubs in Dickson, Charlotte, and Burns. Strategically located along Highway 49 W, Vanleer Apartments benefits from excellent visibility and accessibility while maintaining a quiet small-town atmosphere. With opportunity for rent growth through light renovations and professional management, this property offers a compelling value-add investment in an expanding submarket. This can be bought as a portfolio of 27 units or separately. MLS #s 3041735, 3041741, 3041742, 3041745
Discover the charm of Vanleer, TN, a tranquil setting with a close-knit community perfect for office investors seeking a peaceful retreat. The area offers a picturesque blend of rural landscapes and convenient amenities. Take in the small-town ambiance while being within easy reach of major attractions such as Montgomery Bell State Park and Loretta Lynn's Ranch. Enjoy the local dining scene, flourishing arts and culture, and outdoor recreational opportunities like hiking, fishing, and more. With its inviting atmosphere and proximity to iconic landmarks, the location offers a unique blend of business potential and quality of life for future office investors.
Documents:
| Title | ||
|---|---|---|
| Vanleer_Apartments-_OM.pdf | ||
| 27 Unit - Middle Tennessee Portfolio | Vanleer, Lyles, Nunnelly & Dickson, TN OM |
Location
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