Fayetteville Flats
19-Unit Value-Add Multifamily Located in Fayetteville, TN
Marketing description
Link to the Fayetteville Flats Deal Room: https://www.marcusmillichap.com/properties/183602/fayetteville-flats
Marcus & Millichap has been selected to exclusively market for sale the Fayetteville Flats in Fayetteville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in middle Tennessee.
This multifamily property in Fayetteville, TN presents a compelling value-add opportunity for investors seeking upside through renovation and repositioning. Previously mid-renovation, the asset consists of 100% 2-bedroom / 1-bath units averaging 900 square feet, along with an on-site laundry facility. The property is utility-ready, with infrastructure in place for individual electric, water, and gas metering, copper wiring, PVC/PEX plumbing, and 100-amp panels. No HVAC systems are currently installed, providing a clean slate for the implementation of modern, energy-efficient systems and the opportunity to enhance property performance. Located approximately 30 minutes from Huntsville, AL and 90 minutes from Nashville, TN, the asset benefits from strong regional connectivity, a low cost of living, and a stable manufacturing employment base. Upon completion of renovations, investors have the opportunity to reposition the property into a stabilized, cash-flowing asset within a growing workforce housing market.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
Investment highlights
Seize a rare opportunity to acquire a value-add multifamily property in the heart of Fayetteville, TN. Originally undergoing renovation, the project was halted midstream due to previous ownership default creating a substantial value-add opportunity for an experienced investor.
- All 2-Bed/1-Bath Units (900 SF): Uniform layouts offer operational efficiency and tenant appeal.
- Mixed Foundation: First third of the building sits atop a crawlspace, with the remaining two-thirds on a concrete slab—solid structure with flexibility for future upgrades.
- On-Site Laundry Facility: Existing infrastructure to support added revenue stream and tenant convenience.
- No Existing HVAC Systems: Blank slate for investor to install energy-efficient systems tailored to modern tenant expectations.
- Utility-Ready Infrastructure: Electric, water, and gas lines in place with potential for individual metering.
- Plumbing & Electrical: Featuring PVC/PEX piping, copper wiring, and 100-amp Murray brand electrical panels
- High Yield Potential: With significant renovation, this property presents an opportunity to unlock durable cash flow and long-term appreciation.
Positioned in a strategic location near major employment hubs like Huntsville, AL, and supported by Fayetteville’s low cost of living and manufacturing-driven economy, this asset offers the upside and market fundamentals investors seek in workforce housing.
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