336 May Dr - New Townhouses | Growing Nashville Suburb
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336 May Dr - New Townhouses | Growing Nashville Suburb
in Madison, TN 37115
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Investment Highlights
- New construction townhouses in Nashville’s fastest-growing suburb, providing proximity to US Highway 31 & Interstate 65, and easy access to downtown.
- Consists of two buildings encompassing 12 units; however, 11 of the 12 units are available for purchase.
- Units boast high-end finishes, stainless steel appliances, designated parking spaces, community trash removal, and large floor plan layouts.
- Property tours are available 12:00 pm - 3:00 pm CST on 11/8, 11/22, 12/3; please contact the listing broker to schedule your tour.
- Investors are afforded investment flexibility; a new owner can either lease the units or sell each unit individually.
- 336 May Drive is located near an abundance of retailers and service providers, including Lowe's, Walmart Supercenter, Kroger, Chick-fil-A, and more.
Executive Summary
On-site tour dates: Friday Nov 8 Noon - 3pm, Friday Nov 22 Noon - 3pm, Tuesday Dec 3 Noon - 3pm. Contact listing broker to RSVP for a tour.
Synergy Realty Network, in tandem with Ten-X, is pleased to offer a newly constructed townhouse investment opportunity in Madison, a growing northern Nashville suburb. The offering, located at 336 May Drive, consists of two buildings that house 12 units; however, 11 of the 12 units are available for bulk purchase. This unique opportunity is perfect for an investor willing to purchase the asset and sell or lease each townhouse individually and generate a significant return on their initial investment. The 11 townhouses across two buildings offer their residents 22 surface parking spaces and community trash dumpsters. Each unit contains two bedrooms, a flex room, and two-and-a-half baths and is approximately 1,300 square feet.
Don’t miss out on this beautiful investment property with leasing and sale capabilities. 336 May Drive provides an investor with the option to take advantage of the booming Madison/Rivergate residential market. Madison/Rivergate is a rapidly growing submarket encompassing East Nashville and other neighborhoods directly north of Downtown Nashville. The area has seen drastic shifts in residential demographics as more affluent residents flock to it due to its proximity to downtown and perception as a cheaper alternative to living in Nashville proper.
Madison is just 8.2 miles north of Downtown Nashville and is considered one of the fastest-growing spots in Davidson County. The growing suburb offers residents quick access to Interstate 24, Ellington Parkway, and Briley Parkway, making it a tremendous spot for commuting or venturing out for a night on the town. Madison also offers its residents a plethora of activities that are available throughout the Madison community. Droves of residents regularly visit the old Kmart located off Briley Parkway to play in a retro-style bowling alley and take in a weekly lineup of live music. Madison is also home to three public parks and the sprawling Rivergate Mall, which contains over 130 different stores. As the Music City continues to grow in popularity, so will the demand for location alternatives like Madison, which provide ease of access to downtown and cater to the needs of a growing population.
Synergy Realty Network, in tandem with Ten-X, is pleased to offer a newly constructed townhouse investment opportunity in Madison, a growing northern Nashville suburb. The offering, located at 336 May Drive, consists of two buildings that house 12 units; however, 11 of the 12 units are available for bulk purchase. This unique opportunity is perfect for an investor willing to purchase the asset and sell or lease each townhouse individually and generate a significant return on their initial investment. The 11 townhouses across two buildings offer their residents 22 surface parking spaces and community trash dumpsters. Each unit contains two bedrooms, a flex room, and two-and-a-half baths and is approximately 1,300 square feet.
Don’t miss out on this beautiful investment property with leasing and sale capabilities. 336 May Drive provides an investor with the option to take advantage of the booming Madison/Rivergate residential market. Madison/Rivergate is a rapidly growing submarket encompassing East Nashville and other neighborhoods directly north of Downtown Nashville. The area has seen drastic shifts in residential demographics as more affluent residents flock to it due to its proximity to downtown and perception as a cheaper alternative to living in Nashville proper.
Madison is just 8.2 miles north of Downtown Nashville and is considered one of the fastest-growing spots in Davidson County. The growing suburb offers residents quick access to Interstate 24, Ellington Parkway, and Briley Parkway, making it a tremendous spot for commuting or venturing out for a night on the town. Madison also offers its residents a plethora of activities that are available throughout the Madison community. Droves of residents regularly visit the old Kmart located off Briley Parkway to play in a retro-style bowling alley and take in a weekly lineup of live music. Madison is also home to three public parks and the sprawling Rivergate Mall, which contains over 130 different stores. As the Music City continues to grow in popularity, so will the demand for location alternatives like Madison, which provide ease of access to downtown and cater to the needs of a growing population.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per Unit
Nashville - TN USA
Market Cap Rate
Nashville - TN USA
Market Sale Price per Unit by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per Unit Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Lot Size | 0.64 AC |
| Sale Conditions | Auction Sale | Building Size | 14,214 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Apartment Style | Townhome | Parking Ratio | 1.55/1,000 SF |
| Building Class | B |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| No. Units | 11 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.64 AC |
| Building Size | 14,214 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 1.55/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Vaulted Ceiling
- Oven
- Range
- Tub/Shower
- Carpet
- Den
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 11 | - | 1,293 - 1,300 |
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zoning
| Zoning Code | SP (Specific Plan District) |
| SP (Specific Plan District) |
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Amen Almukhtar
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 265318. (888) 952-6393
-
Steven Walker -
Synergy Realty Network
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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336 May Dr - New Townhouses | Growing Nashville Suburb
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