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Todd-Meharry Apartments 1806 Meharry Blvd Immeuble residentiel 14 lots 1 294 305 € (92 450 €/Lot) Taux de capitalisation 6,23 % Nashville, TN 37208
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Combined 14-unit offering consisting of a 13-unit multifamily building and a standalone rental home next door
- Strong rental upside with current rents significantly below market for North Nashville
- Potential to implement RUBS or utility bill-back programs to enhance NOI
- Efficient unit mix with predominantly 1-bedroom layouts ideal for student, healthcare, and workforce tenants
- Excellent opportunity for value-add repositioning through interior upgrades and rent normalization
- Walkable location adjacent to Fisk University and Nashville General Hospital
Résumé analytique
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.
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.
Informations sur l’immeuble
| Prix | 1 294 305 € | Classe d’immeuble | C |
| Prix par lot | 92 450 € | Surface du lot | 0,09 ha |
| Type de vente | Investissement | Surface de l’immeuble | 873 m² |
| Taux de capitalisation | 6,23 % | Nb d’étages | 2 |
| Nb de lots | 14 | Année de construction | 1939 |
| Type de bien | Immeuble residentiel | Ratio de stationnement | 0,12/1 000 m² |
| Sous-type de bien | Appartement | Zone de développement économique [USA] |
Oui
|
| Style d’appartement | De faible hauteur | ||
| Zonage | RM20 | ||
| Prix | 1 294 305 € |
| Prix par lot | 92 450 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6,23 % |
| Nb de lots | 14 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,09 ha |
| Surface de l’immeuble | 873 m² |
| Nb d’étages | 2 |
| Année de construction | 1939 |
| Ratio de stationnement | 0,12/1 000 m² |
| Zone de développement économique [USA] |
Oui |
| Zonage | RM20 |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Espace d’entreposage
- Ventilateurs de plafond
- Cuisine
- Baignoire/Douche
- Sol en vinyle
Caractéristiques du site
- Laverie
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 10 | 721,36 € | 37 - 51 |
| 2+1 | 2 | 899,97 € | 65 - 93 |
| 2+2 | 1 | 1 174 € | 111 |
| 3+1 | 1 | 1 294 € | 149 |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 475 027 € | |
| Évaluation du terrain | 201 480 € | Évaluation totale | 676 507 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
201 480 €
Évaluation des aménagements
475 027 €
Évaluation totale
676 507 €
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Todd-Meharry Apartments | 1806 Meharry Blvd
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