Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Fayetteville Flats in Fayetteville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in middle Tenessee. This lender-owned multifamily property in Fayetteville, TN presents a compelling value-add opportunity for investors seeking upside through renovation and repositioning. Previously mid-renovation before ownership default, the asset consists of all 2 bed 1 bath units at 900 SF each, with a mix of slab and crawlspace foundations and an on-site laundry facility. The property is utility-ready, with infrastructure in place for individual electric, water, and gas metering, copper wiring, PVC/PEX plumbing, and 100-amp Murray panels. No HVAC systems are currently installed, allowing a clean slate for energy-efficient upgrades. Located just 30 minutes from Huntsville and 90 minutes from Nashville, this asset benefits from a strategic location, a low cost of living, and a strong manufacturing employment base. With substantial renovations, investors have the opportunity to transform this distressed asset into a high-yield, cash-flowing property in a growing market. 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.