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10092 Sneed Rd Lyles, TN 37098

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For Sale
$960,000

Six-unit multifamily property in Lyles, Tennessee with value-add potential.

Property size:
2,600 SF

Property Features for 10092 Sneed Rd

General Information

Size
2,600 SF

Source: Brian Truman Agent Brian Truman

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


Overview

Lyles Tennessee Multifamily Investment Opportunity

The Sneed Point Apartments consist of three all-brick duplexes located in Lyles, Tennessee. The property features six two-story townhome-style units, each with two bedrooms and one and a half bathrooms. The layout includes bedrooms and a full bath upstairs, and a spacious living room, kitchen, utility area, and half bath on the main level. The all-brick construction ensures durability and low maintenance costs. All units are leased annually with weekly rent collection. The property is currently operating at a 7% cap rate. The asset serves a consistent tenant base of workforce residents seeking affordable, quality housing in the Hickman County area. With 100% occupancy and a strong income history, Sneed Point represents an ideal value-add opportunity through interior modernization and rent optimization. The property is nestled amongst lush greenery and serene surroundings. Nearby, the Piney River provides a picturesque backdrop for recreational activities and relaxation. The property benefits from its proximity to the historic Lyles Station. The property contains 2600 square feet.
Location Intelligence

Current Use by Public Records

Duplexes

Map

City
Lyles
County
Hickman
State
Tennessee
Longitude
-87.3203
Latitude
35.8812

FAQs

What type of property is this?
Duplex - Six-unit multifamily property in Lyles, Tennessee with value-add potential.
Where is this duplex located?
The property is located at 10092 Sneed Rd Lyles, TN.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: - 100% Occupancy with annual leases and weekly rent collection ensures stable cash flow.; - All-brick construction provides long-term durability and low maintenance costs.; - Value-add opportunity through interior modernization and rent optimization.
More about this property
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