6966 Park Dr Lyles, TN $ 399,900
6966 Park Dr
$ 399,900
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6966 Park Dr

Lyles, TN, 37098
$ 399,900
Bedrooms9 Baths0.0 Sq 4,640

Monthly Estimate*

$ 2,495

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Multi-Family Home for sale in Lyles, TN

for $399,900 with 9 bedrooms. This 4,640 square foot home was built in 1994.

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.

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Multi-Family Contingent

Price

$ 399,900

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 644

Style

Multi Family

Year Built

1994

Town/City

Lyles

County/Region

Hickman

MLS | Web ID

3001392

Features
General
Living Area 4640
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Zoning NA
Garage Spaces 0
Construction Materials Vinyl Siding
Year Built 1994
Tenant Pays Other
Stories Count 1
Levels One
Gross Income 33600
County Hickman County TN
Net Operating Income 12300
Operating Expense 21300
New Construction N
Property Type Residential Income
Attached Garage N
Contingency Financing
Subdivision Name Milton Brooks
Garage Y/N N
Rent Includes Electricity Gas Water
Status Under Contract - Showing
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
High School East Hickman High School
City Lyles
Senior Community Y/N N
Number Of Units Total 8
Lot Size Units Acres
Elementary School East Hickman Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 644
Middle/Junior High School East Hickman Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active Under Contract
Total Actual Rent 6400
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 4640
Laundry Features Individual Electric Dryer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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Exterior
Water Source Public
Total Parking 0
Inclusions Negotiable
Building Area Total 4640
Lot Dimensions 114X200
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 6966
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* Excluded Features
List By
Keller Williams Realty Nashville/Franklin

Broker

kaysie@sellmytnhomefast.com

Email

Affordability Calculator

$2,549
Per Month
98%
2%
0%
Monthly Principal & Interest
$2,495
Monthly Property Taxes
$54
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
245633 Elementary School
4313413 Middle School
East Hickman High School High School
Pricing History
DatePricePrice ChangeDescription
9/24/2025$399,900 Listed Price

Map


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6966 Park Dr, Lyles, TN, 37098 is a Multi-Family Home for sale at $399,900 with 4,640 sqft. 6966 Park Dr has 9 bedrooms, 0.0 baths, and was built in 1994. The property's zip code is 37098 which is in Lyles, TN