The Flats at 1200
45-Unit Value-Add Investment Opportunity in Nashville, TN
Marketing description
Link to Deal room and Financials: https://www.marcusmillichap.com/properties/194003/the-flats-at-1200
Marcus & Millichap has been selected to exclusively market for sale The Flats at 1200 located in Nashville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in one of America’s fastest-growing cities.
The Flats at 1200 offers investors a compelling opportunity to acquire a 45-unit multifamily asset in North Nashville, one of the city’s fastest-growing submarkets. With approximately $150,000 in recent capital improvements and additional value-add potential, the property benefits from strong rental demand, proximity to major institutions, and its location within an Opportunity Zone—providing both immediate cash flow and long-term upside.
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.
At no point should tenants or staff be contacted regarding the sale of The Flats at 1200.
Investment highlights
Located in North Nashville, a rapidly growing submarket with strong rental demand and proximity to downtown, Tennessee State University, and Meharry Medical College
Positioned within an Opportunity Zone, offering potential tax advantages for investors
Value-add potential through further interior upgrades and rent optimization
Approximately $150,000 in capital improvements over the past 36 months
Recent upgrades include landscaping, interior and exterior painting, laundry units, HVAC replacements, and plumbing updates in select units
Individually metered electricity with accounts in tenants’ names
Master-metered water system with a monthly tenant bill-back of $50–$55
The owner covers trash service through Waste Management
All units equipped with white or black appliance packages
One unit has been converted for community laundry use
Buildings constructed on slab foundations, reducing long-term maintenance costs
Easy access to major transportation corridors, including I-40 and I-65
Google Fiber infrastructure is installed, allowing tenants to choose internet from Google Fiber or other providers
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
