206 W Edison St, Fayetteville, TN 37334
- $450,000
- 6,000
- SqFt
- List Price
- $450,000
- MLS#
- 3255670
- Days on Market
- 26
- Property Type
- Multifamily
- Sqft. of Residence
- 6,000
- County
- Lincoln County
- Status
- ACTIVE
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.
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Additional Information
- Construction Type
- Brick
- Cooling System
- Wall/Window Unit(s)
- Elementary School
- Blanche School
- Floor Types
- Laminate
- Heating System
- Central
- High School
- Fayetteville High School
- Junior High School
- Blanche School
- Living Area
- 6,000
- Lot Dimensions
- 92 X 89
- Number Of Stories
- 2
- Sewer System
- Public Sewer
- Tax Amount
- $1,932
- Water Source
- Public
- Year Built
- 1930
- Zoning
- R-3
- Type
- Multifamily
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Listing courtesy of MRG Realty Partners.
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