303 S Poplar St, Paris, TN 38242
- $1,800,000
- 16,876
- SqFt
- List Price
- $1,800,000
- MLS#
- 3279199
- Days on Market
- 13
- Property Type
- Multifamily
- Sqft. of Residence
- 16,876
- County
- Henry County
- Status
- ACTIVE
Property Description
SVN | Accel Commercial Real Estate is pleased to present 303 Flats, a 28-unit multifamily investment opportunity located at 303 S. Poplar Street in Paris, Tennessee. This substantially renovated asset presents investors with the opportunity to acquire a well-positioned apartment community featuring immediate in-place cash flow, strong occupancy, and continued upside through lease-up and future rent growth. Situated on 0.784 acres, 303 Flats encompasses approximately 16,876 square feet, including 15,750 sf of residential space across 28 units. The property's diverse unit mix consists of (13) studio units, (10) one-bedroom/one-bathroom units, (4) two-bedroom/one-bathroom units, and (1) two-bedroom/one-and-one-half-bathroom unit. The remaining square footage includes an on-site office, maintenance area, and laundry facilities. Currently 93% occupied, the property offers investors an opportunity to increase occupancy and further enhance cash flow. Ownership has completed an extensive renovation program across 25 of the property's 28 units, investing in new flooring, cabinets, appliances, lighting fixtures, trim and baseboards, ceiling fans, bathroom vanities, and interior paint. Significant exterior and capital improvements include fresh exterior paint, a newly paved parking lot, and approximately $20,000 in foundation repairs, creating a highly attractive, low-maintenance investment opportunity with limited near-term capital expenditure requirements. The sale includes 3 parcels, including two land parcels located behind the existing building.
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Additional Information
- Construction Type
- Brick
- Cooling System
- Central Air
- Elementary School
- W G Rhea Elementary
- Floor Types
- Luxury Vinyl, Vinyl
- Heating System
- Central
- High School
- Henry Co High School
- Junior High School
- W O Inman Middle School
- Laundry
- Share
- Living Area
- 16,876
- Lot Dimensions
- 0.784 ac
- Number Of Stories
- 2
- Sewer System
- Public Sewer
- Subdivision
- N/A
- Tax Amount
- $3,548
- Water Source
- Public
- Year Built
- 1940
- Zoning
- R-3H
- Type
- Multifamily
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Listing courtesy of SVN Accel Commercial Real Estate.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.