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  • $499,900

    6966 Park Dr, Lyles, TN 37098

    9beds
    4baths
    4,640sqft
    : 
    Multi Family
    Built in 1994
    -- sqft lot
    $486,300 Zestimate®
    $108/sqft
    $-- HOA

    What's special

    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.
    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#: 2812065MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 6966 Park Dr.

    Next available tour time:Today at 11am

    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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