Price
$9,800,000
OFF-MARKET | 49-Unit Multifamily | Nashville, TN | $9.8M
📍 545 N Dupont Ave, Madison, TN 37115Heatherwood Apartments – Strong Class B Asset
Investment Highlights:
🔹 Purchase Price: $9.8M
🔹 Financing Option: $2.5M cash down + assumption of a $7.3M assignable, non-recourse loan at 4.125% interest-only for 5 years
🔹 Current Net Operating Income (NOI): $433,542
🔹 Units: 49 (All 1B/1B with in-unit W/D)
🔹 Occupancy: 95% (Plus an additional leased unit not reflected in the rent roll)
🔹 Turnkey Asset: No capex needed—$1M+ recently invested in renovations
🔹 Rental Upside: Units are 20-25% under market rent per Nashville brokers/agents. Rental increases are underway.
Why Invest?
✅ Prime Nashville Submarket: Madison is a high-demand rental area with strong fundamentals.
✅ Attractive Assumable Debt: 4.125% interest-only for 5 years offers superior cash flow potential.
✅ Minimal Maintenance Required: Major capital expenditures already completed.
✅ Long-Term Hold Strategy: Lower cap rate, but exceptional financing makes this a smart long-term investment.
📩 Submit all offers and inquiries directly to:📧 investments@promiselandrealtyllc.com
🚨 TEAM PROMISELAND DISCLAIMER: No one is permitted to market or distribute this listing without express written consent or membership in TEAM PROMISELAND affiliates. Unauthorized use of property details or lists will result in a $500 fine per occurrence.
Property Map
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 248-416-2574
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top
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