6966 Park Drive

Lyles, TN 37098

$559,900
Price
9
Beds
4
Baths
4,640 Sq. Ft.
$121 / Sq. Ft.
4,640
Sq. Ft.
$121
per Sq. Ft.

Description

This is an exceptional investment opportunity featuring 8 rental units across three separate properties, with significant value add potential. Two tenants vacated when learning of the sale, but the remaining tenants have been in place for years and have a strong payment history. Excellent opportunity to get tenants to market rates! The property offers a mix of unit types to appeal to a wide range of renters. There are two 2-bedroom, 1-bath duplex units, three studio-style efficiency apartments, each...This is an exceptional investment opportunity featuring 8 rental units across three separate properties, with significant value add potential. Two tenants vacated when learning of the sale, but the remaining tenants have been in place for years and have a strong payment history. Excellent opportunity to get tenants to market rates! The property offers a mix of unit types to appeal to a wide range of renters. There are two 2-bedroom, 1-bath duplex units, three studio-style efficiency apartments, each with 1 bath, and a house with two 2 bedroom, 1 bath downstairs units. All buildings separately metered! Recent updates include a new septic pump installed in 2024 and HVAC servicing for the triplex completed in December 2024. This property offers a unique opportunity to capitalize on below-market rents and long-term tenants with a strong payment history, making it an ideal investment for those seeking stable cash flow and future growth potential.
  1. Listed by Kaysie Banville • Keller Williams Realty Nashville/Franklin

Property Details for 6966 Park Drive

Subdivision Name
Milton Brooks
Waterfront
No
LISTING UPDATED: 03/03/2025 09:03 AM

Property Details for 6966 Park Drive

StatusActive
MLS #2780457
Days on Market46
Taxes$644 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1994
Lot Size-
CountyHickman County

Building Information for 6966 Park Drive

Stories1Residences8Year Built1994Building Size-Lot Size-

Property Information for 6966 Park Drive

Summary
Location and General Information
  • Directions: Get on I-65 S from Carothers Pkwy and Cool Springs Blvd Follow I-65 S and I-840 W to TN-100 W in Fairview. Take exit 7 from I-840 W Follow TN-100 W to Park Dr in Hickman County
  • Elementary School: East Hickman Elementary
  • High School: East Hickman High School
  • Levels: One
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: East Hickman Middle School
  • Mlg Can View: Yes
  • Zoning: NA
Parking
  • Garage Spaces: .00
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Vinyl
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 041038 14200 00005038
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Vinyl Siding
  • Documents Count: 1
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Stories: 1
  • Year Built Details: EXIST
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
  • Laundry Features: Individual, Electric Dryer Hookup
Exterior Features
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Unit 1
  • Unit Type Actual Rent: $1,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $2,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
Rental Information
Rental Information
  • Total Actual Rent: $6,400

Property History for 6966 Park Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6966 Park Drive

Taxable ValueLand-Additions-Total-
Tax Record2024$781 ($65 / month)
Home Facts
Beds0Total Finished SqFt1,357 SqFtAbove Grade Finished SqFt1,357 SqFtUnfinished Basement SqFt800 SqFtStories1Lot Size22,800 SqFtStyleSingle Family ResidenceYear Built1994Year Renovated1999CountyHICKMANAPN041038 14200

Schools near 6966 Park Drive

This home is within Hickman County School District.
Rating
School
Type
Grades
Distance
East Hickman Elementary School
Public - PK to 2
East Hickman Intermediate School
Public - 3 to 5
East Hickman Middle School
Public - 6 to 8
East Hickman High School
Public - 9 to 12
Rating
School
Distance
East Hickman Elementary School
PublicPK to 2

East Hickman Intermediate School
Public3 to 5

East Hickman Middle School
Public6 to 8

East Hickman High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 6966 Park Drive, Lyles, TN 37098

6966 Park Drive is a multi-family home for sale in Lyles, TN 37098. This property was listed for sale on January 21, 2025 by Keller Williams Realty Nashville/Franklin, it's currently listed at $559,900. This listing's school district is Hickman County School District. Nearby schools include East Hickman Elementary School, East Hickman Intermediate School and East Hickman Middle School. 6966 Park Drive is a 9-bed, 4-bath, 4,640 sqft multi-family home built in 1994.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Nashville/Franklin, Kaysie Banville (615.395.6219)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MTRMLS, Inc. All Rights Reserved. Last updated: 03/03/2025 09:03 AM