5144 Linbar Dr Nashville, TN 37211
- Commercial real estate
- 6,534 SF
Current Use by Public Records
- Commercial real estate
Property Details for 5144 Linbar Dr
- Property size
- 6,534 SF
- Property type
- Commercial real estate
Description
This exceptional 12-unit multifamily portfolio in Nashville, TN, presents a compelling value-add investment opportunity. Comprising three buildings totaling 6,520 net rentable square feet, this property boasts 12 units across three locations: 5144 and 5152 Linbar Dr (8 units) and 209 E Webster St (4 units). Built in 1982 and 1983, with renovations completed in 2012, the property features updated interiors including newer LVP flooring and hot water heaters, and in-unit washer/dryer hookups. The buildings sit on a combined 30,928 square foot lot and are zoned OR20, offering versatile exit strategies. Currently operating at 84% occupancy, with two units vacant for showing purposes, the property offers significant potential for increased rental income. The historical occupancy rate has been near 100%, demonstrating strong tenant demand. The asking price is $1,634,997, representing $136,250 per unit and $250.23 per square foot. The pro-forma cap rate is 7.22%, and the pro-forma NOI is $118,000. Flood insurance is not required. This portfolio is ideally suited for investors seeking long-term value and growth in the thriving Nashville market. The property is professionally managed and well-maintained. This is a rare opportunity to acquire three, four-unit buildings within 15 minutes of downtown Nashville.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.6971443
- Latitude
- 36.0800062
