Sneed Point Apartments | 6 Units | Lyles, TN | All-Brick Construction
10092 Sneed Road
Lyles, TN 37098
Highlights
- 6 two-story, all-brick townhome units (2BR/1.5BA each)
- Located in Lyles, TN (Hickman County)
- 100% occupied; weekly rent collection with annual leases
- Low-maintenance construction and strong local demand
- Stable cash flow with upside potential
Description
SVN | Accel Commercial Real Estate proudly presents Sneed Point Apartments, consisting of 3 all-brick duplexes, located in Lyles, Tennessee, just west of Nashville. All 6 units feature an identical two-bedroom, one-and-a-half-bath townhome-style layout with bedrooms and a full bath upstairs, and a spacious living room, kitchen, utility area, and half bath on the main level.
The property’s all-brick construction ensures long-term durability and low maintenance costs. All units are leased annually with weekly rent collection, delivering stable cash flow and minimal vacancy. This deal is currently operating at a 7% cap rate. The asset serves a consistent tenant base of workforce residents seeking affordable, quality housing in the fast-growing Hickman County area.
With 100% occupancy and a strong income history, Sneed Point represents an ideal value-add opportunity through interior modernization and rent optimization. This can be bought as a portfolio of 27 units or separately. MLS #s 3041735, 3041741, 3041742, 3041745
Discover the charming community of Lyles, TN, where the property is nestled amongst lush greenery and serene surroundings. This idyllic location offers a peaceful respite for employees and visitors. Nearby, the pristine Piney River provides a picturesque backdrop for recreational activities and relaxation. The property in Lyles benefits from its proximity to the historic Lyles Station, offering a glimpse into the area's rich heritage. With convenient access to local dining establishments and retail amenities, the location presents an enticing opportunity for office building investors seeking a tranquil yet accessible setting for their next investment venture. Explore the potential of this thriving locale for your next office investment.
