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Property profile & analytics
OFF-MARKET
Residential income homes

1 Shelly Rd Decherd, TN 37324

Property ID
Property summary
AI-generated overview

This exceptional multifamily investment opportunity encompasses a portfolio of 24 single-family rental units situated at 1 Shelly Rd, Decherd, TN 37324, in Franklin County. The property is offered at an asking price of $3,500,000, translating to approximately $145,833 per unit. Currently configured as twelve duplex buildings, each unit boasts a generous 1,000 square feet of living space, totaling 2,000 square feet per building. High-quality finishes are standard throughout, including stainless steel Whirlpool stoves and microwaves, custom cabinetry, and durable LVP flooring. Each unit also features an additional room suitable for use as a study, recreation room, or other flexible space. Residents enjoy the convenience of private patios. The property's location near the Nissan Manufacturing plant in Decherd, Tennessee offers strong rental demand and potential for future appreciation. The sale includes the existing plat layout, providing a clear understanding of the property's configuration and potential for future development. This turnkey investment presents a compelling opportunity for significant returns. The property is being sold as a whole project. Each unit includes a living room and more.

Property profile
Verified
Property type Residential income homes
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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