Back 6966 Park Drive
Off Market

6966 Park Drive

Lyles TN 37098

4640 sq. ft.
Multi-Family
Last sold for $375,000
Kaysie BanvilleKaysie Banville, last sold this property on 31 December 2025 after 343 days on market.

Overview

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.

Features

4640 sq. ft. floor area
Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Lyles over the last 12 months.

Property history for 6966 Park Drive

2025
Sold
$375,000
31 Dec 2025 by Kaysie Banville, of Keller Williams Realty

Happy sellers in Lyles

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Local market activity for multi families in Lyles

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