Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Hobbs Ave Apartments in Lebanon, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in one of Tennessee’s fastest-growing counties. Hobbs Ave Apartments is a well-maintained 6-unit property featuring spacious 2-bedroom, 1-bath layouts, each approximately 850 sq. ft. Built in 2005, the asset offers modern construction and minimal deferred maintenance. Located in Lebanon, TN—one of the fastest-growing cities in the state—the property benefits from strong population and job growth, a median household income exceeding $93,000, and proximity to major employers and Cumberland University. Just 30 minutes from Nashville via I-40 and commuter rail, the location provides excellent appeal for renters seeking affordability and convenience. With Lebanon’s continued economic expansion, Hobbs Ave Apartments presents an attractive opportunity for stable cash flow and long-term appreciation. 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 Hobbs Ave Apartments.