Pulaski Flats

Highlights:

• Rare opportunity to acquire a multifamily asset in Pulaski, TN
• 22 units - (12 units at Sam Davis Ave & 10 units at Flower St)
• Unit Mix: Sam Davis - 2 bed 1 bath (7), 1 bed 1 bath (5) & Flower St - 1 bed 1.5 bath (10)
• UT Southern has had a 7% increase in enrollment creating strong demand for student housing
• Value-add opportunity with opportunity to increase rents
• $70k+ in capital expenditures in the past 6 months

Description:

SVN | Accel Commercial Real Estate is pleased to present this 22-unit value-add opportunity in Pulaski, TN. This two-property portfolio consists of 12 units on Sam Davis Ave, featuring 7 two-bedroom, one-bath units and 5 one-bedroom, one-bath units, and 10 units on Flower St, all one-bedroom, one-and-a-half-bath units. Located in a high-demand rental market, these properties benefit from Pulaski’s expanding economy and strong student housing demand as the home of The University of Tennessee Southern. With consistent occupancy, strong rental demand, and significant value-add potential, investors have the opportunity to increase rental income through renovations and strategic management improvements. The diverse unit mix caters to students, professionals, and workforce tenants, while the proximity to UT Southern, major employers, and key transportation routes ensures a stable and growing tenant base.

Pulaski, the county seat of Giles County, Tennessee, is a charming city located near the Tennessee-Alabama border. With a population of approximately 8,400 residents, Pulaski offers a blend of small-town appeal and modern amenities. The city is home to Tennessee College of Applied Technology-Pulaski (TCAT) and The University of Tennessee Southern, providing residents with access to quality higher education opportunities. Pulaski has an unemployment rate of 4.8%, which is below the national average of 6.0%. The future job growth over the next decade is projected at 44.9%, surpassing the U.S. average of 33.5% with the median household income at $45,420. Pulaski's economy is supported by a mix of manufacturing, retail, and agriculture sectors. The city's strategic location near major transportation routes enhances its appeal for businesses and contributes to local economic growth.