Multifamily Investment Opportunity
PRICE
$17,200,000
Off-Market Listing: Trinity Lofts - 111 Units, Nashville, TN
Property Overview: Discover Trinity Lofts, an exclusive off-market investment opportunity located at 1400 Brick Church Pike, Nashville, TN 37207. This 111-unit multifamily property, featuring all studio units, has been recently renovated with high-end finishes. Situated in a rapidly growing submarket of Nashville, Trinity Lofts presents a strong value-add opportunity with excellent cash flow potential and attractive seller financing options.
Investment Highlights:
Asking Price: $17.2M (fee included)
Cap Rate: 6% based on the current NOI, offering a solid return in one of Nashville’s top-performing markets.
Unit Mix: 111 Studio Units
Onsite Amenities: Luxury community pool, on-site leasing office, gym, and private gated community, offering convenience and an enhanced tenant experience.
Current NOI: $1.028M, yielding approximately 8% Cash-on-Cash (COC) return after interest expenses and closing costs.
Seller Financing Available: Highly motivated seller offering a flexible seller financing option with 35% down payment. Buyers can create their terms, subject to seller approval, allowing tailored financial structuring.
Property Details:
Location: Strategically positioned ±1.50 miles from the East Bank/River North neighborhoods and less than 5 minutes from Oracle’s $1.35B Campus development and downtown Nashville.
Renovations: $4.545M invested into extensive renovations, including stainless steel appliances, shaker cabinets, luxury vinyl flooring, faux stone countertops, tiled backsplashes, and showers.
Area Demographics: Within a 3-mile radius, over 79,844 employees work in nearby industries, with an average household income of $75,159, highlighting strong rental demand.
Accessibility: Easy access to major highways (I-24, I-65), ensuring connectivity to downtown and surrounding areas, making it a highly desirable location for tenants.
Market and Submarket Highlights:
Micro-Unit Advantage: Addresses the affordability gap in Nashville by offering efficient, affordable living spaces near key employment hubs, appealing to single tenants and couples who prioritize location over size.
High Occupancy Potential: Competitive pricing, desirable amenities, and proximity to employment and recreational centers result in shorter vacancy periods, ensuring a stable income stream for investors.
Nashville Economic Growth: Nashville’s economy is driven by sectors such as healthcare, tech, and entertainment, contributing to high employment rates and continued rental demand.
Seller Motivation: The current owner of Trinity Lofts has dedicated significant resources to transform the property, investing $4.545M in extensive renovations that have revitalized it into a modern, appealing community. After stabilizing the asset, the owner’s strategy is now shifting towards new development opportunities that align with evolving investment goals. With several new projects in the pipeline, including a major mixed-use complex in another high-growth market, the owner is motivated to sell Trinity Lofts to an investor who can continue to benefit from its strong performance. This sale allows the owner to streamline their portfolio and focus on ground-up developments that better fit their long-term vision, offering a rare opportunity for the right buyer.
Property Financials:
Nearby Attractions and Employers:
Proximity to Key Locations:
Oracle’s Nashville Campus: ±1.50 miles
Downtown Nashville: ±2.65 miles
Topgolf: ±1.65 miles
Germantown: ±1.85 miles
Major Employers: Vanderbilt University Medical Center, HCA Healthcare, Nissan North America, and Amazon, among others, provide strong job market support and rental demand.
Offer Submission: All offers and inquiries must be submitted directly to investments@promiselandrealtyllc.com. Please include Proof of Funds (POF), a brief bio, and a Letter of Intent (LOI) for seller consideration.
TEAM PROMISELAND Disclaimer:This property is marketed under the TEAM PROMISELAND JV partnership program. Only verified members may market and share this listing. All parties are subject to non-circumvention terms and conditions.
Investor Appeal: Trinity Lofts offers a unique opportunity for investors seeking stability and growth in Nashville’s vibrant market. With flexible financing options, modern renovations, a prime location, and a solid 6% cap rate, this asset is poised for long-term success. Don’t miss out on this exceptional chance to invest in one of Nashville’s most promising multifamily properties!
Operating Memorandum:
Aerial View
Please Note: All interested parties must adhere to our standard terms and conditions, including Non-Circumvention and Proof of Funds requirements. This listing may not be marketed unless you are a verified member of TEAM PROMISELAND JV partnership program.
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PROMISE LAND REALTY, LLC
Work: 864-762-2509
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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