2 Locations

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/202612/toddmeharry-apartments

Marcus & Millichap has been selected to exclusively market for sale the Todd-Meharry Apartments located just minutes from downtown Nashville. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in Nashville, TN.

This 14‑unit offering includes a 13‑unit multifamily building at 1037 DB Todd Boulevard and a single‑family rental home next door at 1806 Meharry Boulevard, creating a rare small‑scale portfolio in a tightly supplied North Nashville corridor. The unit mix is predominantly efficient one‑bedroom layouts supported by strong demand from nearby universities and healthcare employers. Both assets are within walking distance of Fisk University and Nashville General Hospital and minutes from Downtown Nashville, Midtown, and the North Gulch. With rents well below market and multiple value‑add levers including interior upgrades, RUBS implementation, and repositioning of the standalone home, new ownership has a compelling opportunity to enhance NOI. The central location, durable tenant base, and strong submarket fundamentals support both immediate operational upside and long‑term exit flexibility.

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 Todd-Meharry Apartments.