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The Dylan

Posted: 1/8/2024
152 Units
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan
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The Dylan

About

About The Dylan

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Dylan, a 152-unit apartment community located in Murfreesboro, Rutherford County, Tennessee. This asset is situated in the premier Murfreesboro suburb just 35 miles southeast of downtown Nashville on Interstate 24, a 10-minute drive to Middle Tennessee State University, and moments from the areas top employers, including Rutherford County Government (7,000 jobs), Nissan North America (7,000 jobs), and Amazon (2,000 jobs). Built in 1985, The Dylan represents a highly capitalized property that has seen $2.7M+ in capital expenditures by the current owner. This strong performing asset offers an outstanding value-add opportunity by continuing the current program and adding higher-end interior upgrades. With current income to rent ratio at the property of 4.00x ($63k mean income) – these tenants qualify for rents $400+ above the current leased average, which provides additional rental upside for the next owner.

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