Bellshire Flats
12-Unit, Six-Building Value-Add Duplex Portfolio Located in Nashville, TN
Marketing description
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/204357/bellshire-flats
Marcus & Millichap has been selected to exclusively market for sale the Bellshire Flats in Nashville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in one of the nation’s fastest-growing markets.
Bellshire Flats is a 12‑unit, six‑building duplex portfolio clustered along Westchester Drive and Tuckahoe Square West in North Nashville. Built in 1985, the asset features a straightforward duplex configuration with washer/dryer hookups in all units and separately metered water and electric, supporting efficient operations. Current rents are approximately $130 below market, presenting a clear value‑add opportunity through rent increases and modest operational improvements. The property is located approximately 15 minutes from Downtown Nashville with convenient access to I‑65, Dickerson Pike retail, and key employment nodes. The surrounding submarket continues to experience steady infill and reinvestment, supporting near‑term rental growth and long‑term demand.
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 Bellshire Flats.
Investment highlights
- Six‑duplex portfolio consisting of 12 total units, all located in a tight cluster along Westchester Drive and Tuckahoe Square West in North Nashville.
- Rents are currently $133 below market rate.
- Built in 1985, providing durable construction with consistent renter appeal in an established residential pocket.
- Five of six roofs have been replaced within the past two years, with the remaining roof only four years old.
- All units feature washer/dryer connections, supporting competitive rents and tenant retention.
- Individually metered for water and electricity
- Clean, simple duplex layout offers operating efficiencies versus larger apartment complexes while still benefiting from multifamily scale.
- Five of the six duplexes are located in a FEMA flood zone; Tuckahoe Square West is not in a flood zone.
- Located in North Nashville, approximately 15 minutes from Downtown, with proximity to employment centers, I‑65, and Dickerson Pike retail corridors.
- The surrounding area is seeing continued infill and reinvestment, supporting sustained rental demand.
- Simple, duplex‑style portfolio that is easy to operate and well‑suited for local ownership.
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