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Listed price in listed location currency (USD).
$399,900

000

MLS® 3001392

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4640 sqft
Garage No
Taxes $644
Days Active 72
Lot Size 
Approx. Age 1994
Avg. Price Per Sqft $86
MLS® Number 3001392

Property Address: 6966 Park Dr, Lyles, TN, 37098-1837

Average square foot calculated using Size range provided by listing agent.

Description

This is an exceptional investment opportunity featuring 8 rental units across three separate properties, with significant value add potential. Two tenants vacated when learning of the sale, but the remaining tenants have been in place for years and have a strong payment history. Excellent opportunity to get tenants to market rates! The property offers a mix of unit types to appeal to a wide range of renters. There are two 2-bedroom, 1-bath duplex units, three studio-style efficiency apartments, each with 1 bath, and a house with two 2 bedroom, 1 bath downstairs units. All buildings separately metered! Recent updates include a new septic pump installed in 2024 and HVAC servicing for the triplex completed in December 2024. This property offers a unique opportunity to capitalize on below-market rents and long-term tenants with a strong payment history, making it an ideal investment for those seeking stable cash flow and future growth potential.
MLS® Number3001392
Laundry LevelIndividual, Electric Dryer Hookup
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1994
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Negotiable

Similar Listings

Price History

-End Date
Not Sold YetSold Price

Other

Sep 24, 2025List Date
$399,900List Price
  • Commute

Commute

Starting Address
Destination Address
6966 Park Dr, Lyles, TN

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