https://www.colliers.com/p-usa1105170
- For sale
Colliers International is pleased to present the exclusive opportunity to acquire Fairview Commons Apartments, a 24-unit community in the Peytona neighborhood of Gallatin, Tennessee. Within the last three years, the property has undergone substantial renovations including a new roof, new HVAC units, extensive renovations on 13 units, new landscaping and new exterior lighting. With in-place rents approximately $167 below market today (representing upside of 13%+) and with approximately 11 units still due for renovation, this investment offers a rare value-add opportunity with strong in-place cash flow in one of Nashville’s most exciting submarkets.
Fairview Commons is in a prime position to benefit from Nashville’s impressive economic and population growth that continues to drive significant rent increases across the metro as new residents compete for limited workforce housing stock.
