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.
Active
$499,900
6966 Park Dr, Lyles, TN 37098
9beds
4baths
4,640sqft
Est.:
Multi Family
Built in 1994
-- sqft lot
$486,300 Zestimate®
$108/sqft
$-- HOA
What's special
- 25 days
- on Zillow |
- 295 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: April 02, 2025 at 11:01am
Listing Provided by:
Kaysie Banville 615-395-6219,
Keller Williams Realty Nashville/Franklin 615-778-1818
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2812065

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Individual, Electric Dryer Hookup
Features
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 4,640
- Total interior livable area: 4,640 sqft
- Finished area above ground: 4,640
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.52 Acres
- Dimensions: 114 x 200
Details
- Parcel number: 041038 14200 00005038
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Milton Brooks
HOA
- Has HOA: No
Location
- Region: Lyles
Financial & listing details
- Price per square foot: $108/sqft
- Tax assessed value: $110,400
- Annual tax amount: $644
- Date on market: 4/1/2025
- Inclusions: Negot
- Total actual rent: 6400
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