120 Public Sq Shelbyville, TN 37160
- Residential income homes
Current Use by Public Records
- Pope's Cafe / Restaurant / Cafe
Property Details for 120 Public Sq
- Year built
- 1940
- Property type
- Residential income homes
Description
This exceptional 166-unit single-family rental portfolio presents a compelling investment opportunity in Shelbyville, Tennessee. Located conveniently near major highways (I-65, I-40, and I-24), this stabilized portfolio boasts a remarkable 99% occupancy rate. The portfolio comprises 152 buildings constructed between 1940 and 2023, offering a diverse mix of properties ranging from those requiring updates to recently renovated units. This variety caters to a wide range of investor strategies, from value-add renovations to immediate cash flow generation. The portfolio's scale is flexible, allowing for purchases of individual units, smaller packages, or the entire portfolio. Shelbyville's robust economy, driven by manufacturing (Calsonic Kansei, Newell Rubbermaid, Cebal America, Jostens, Tyson Foods, and a Wal-Mart distribution center), and its proximity to rapidly growing Murfreesboro and Nashville, ensures strong rental demand and long-term appreciation potential. The portfolio's location in Bedford County, a community of approximately 53,000 residents (23,000 in Shelbyville), provides a stable and attractive market for rental properties. This is an ideal opportunity for investors seeking immediate returns, long-term growth, or a combination of both. Detailed financial information, including individual pricing and expense details, is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shelbyville
- County
- Bedford
- State
- Tennessee
- Longitude
- -86.4597
- Latitude
- 35.4831
