Value-Add Multifamily Apartment
For Sale
$600,000
201 William D Jones Blvd, Fayetteville, TN 37334
Multifamily property with all 2 bed, 1 bath units, utility-ready infrastructure, and an on-site laundry facility.
Property Size17,100 SF
Days on Market49
Property Features for 201 William D Jones Blvd
General Information
Standard status
Active
Size
17,100 SF
Property subtype
Multifamily
Additional Details
Utilities to Site
Yes
Amenities
19-unit multifamily asset offered at a significant basis discount, presenting immediate upside through completion of prior renovations and operational stabilization.
Located ~30 minutes from Huntsville, AL, one of the fastest-growing employment hubs in the Southeast.
100% 2-bedroom / 1-bath units (900 SF each), ideal for workforce housing demand and operational efficiency across leasing, renovations, and maintenance.
The property is fully equipped with individual electric, water, and gas utilities, along with PVC/PEX plumbing, reducing the capital required for future upgrades.
Existing infrastructure for an on-site laundry facility to support an added revenue stream and tenant convenience.
Building Details
Building Size
17,100 SF
Units
19
Tenancy
Multi
Listed By:
Pat Cosgrove · License #License(s): TN: 341774
(615) 997-2853
Source:
Marcusmillichap
Added: Jul 19
Changed: Aug 24
Last Checked: Sep 5 at 3:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pat Cosgrove
Investment Insights
Based on property information with market context.
Marcus & Millichap is exclusively marketing the Fayetteville Flats, a lender-owned multifamily property in Fayetteville, Tennessee. The building contains all 2-bedroom, 1-bath units, each described as 900 SF. The property includes a mix of slab and crawlspace foundations and an on-site laundry facility.
The asset is utility-ready, with infrastructure in place for individual electric, water, and gas metering, as well as copper wiring, PVC/PEX plumbing, and 100-amp Murray panels. No HVAC systems are currently installed, providing an opportunity to install new systems.
The seller indicates the property was previously mid-renovation before ownership default. Offers are to be submitted as a non-binding Letter of Intent outlining key terms and conditions, including pricing, due diligence and closing timeframe, earnest money deposit, debt/equity structure, and qualification to close, with the terms requiring all cash at closing.
The asset is utility-ready, with infrastructure in place for individual electric, water, and gas metering, as well as copper wiring, PVC/PEX plumbing, and 100-amp Murray panels. No HVAC systems are currently installed, providing an opportunity to install new systems.
The seller indicates the property was previously mid-renovation before ownership default. Offers are to be submitted as a non-binding Letter of Intent outlining key terms and conditions, including pricing, due diligence and closing timeframe, earnest money deposit, debt/equity structure, and qualification to close, with the terms requiring all cash at closing.
Key Highlights
- Lender‑owned multifamily in Fayetteville, TN with all 2 bed, 1 bath units at 900 SF each
- Value‑add infrastructure in place: individual electric, water, and gas metering
- Plumbing and wiring are ready for rehab, including copper wiring and PVC/PEX plumbing
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 37334, TN
23,435
Population
10,251
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
254.2 sq mi
ZIP Area
92
Density / Sq Mi
$62,262
Median Household Income
$40,565
Median Earnings
$790
Median Rent
$207,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Specialty property - Multifamily property with all 2 bed, 1 bath units, utility-ready infrastructure, and an on-site laundry facility.
Where is this specialty property located?
The property is located at 201 William D Jones Blvd Fayetteville, TN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Lender‑owned multifamily in Fayetteville, TN with all 2 bed, 1 bath units at 900 SF each; Value‑add infrastructure in place: individual electric, water, and gas metering; Plumbing and wiring are ready for rehab, including copper wiring and PVC/PEX plumbing
