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123 W Flower St Pulaski, TN 38478

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For Sale
$1,690,000

Two-property portfolio in Pulaski, TN with value-add potential.

Property size:
12,644 SF

Property Features for 123 W Flower St

General Information

Size
12,644 SF

Source: Brian Truman Agent Brian Truman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

22-Unit Multifamily Investment Opportunity

This portfolio includes two properties in Pulaski, TN, offering a total of 22 units. The first property, located on Sam Davis Ave, comprises 12 units: 7 two-bedroom, one-bath units and 5 one-bedroom, one-bath units. The second property, situated on Flower St, features 10 one-bedroom, one-and-a-half-bath units. The properties are positioned in a high-demand rental market, benefiting from Pulaski’s growing economy and the strong demand for student housing due to the presence of The University of Tennessee Southern. The consistent occupancy and significant value-add potential present an opportunity for investors to increase rental income through renovations and strategic management improvements. The unit mix caters to a diverse range of tenants, including students, professionals, and workforce individuals. Proximity to UT Southern, major employers, and key transportation routes ensures a stable and expanding tenant base. The properties have had over $70,000 in capital expenditures in the past 6 months. UT Southern has experienced a 7% increase in enrollment, further bolstering the demand for student housing. Pulaski is the county seat of Giles County, Tennessee, near the Tennessee-Alabama border, with a population of approximately 8,400 residents. The city is also home to Tennessee College of Applied Technology-Pulaski (TCAT). Pulaski's economy is supported by manufacturing, retail, and agriculture sectors. Future job growth is projected at 44.9%.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pulaski
County
Giles
State
Tennessee
Longitude
-87.030949
Latitude
35.197801

FAQs

What type of property is this?
Apartment building - Two-property portfolio in Pulaski, TN with value-add potential.
Where is this apartment building located?
The property is located at 123 W Flower St Pulaski, TN.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: - Value-add opportunity to increase rental income; - High-demand rental market near UT Southern; - Portfolio of 22 units across two properties
More about this property
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