1 Shelly Rd Decherd, TN 37324
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.