Overview
Offering Summary:
SVN and RI Marketplace present Crossings of Madison, a 112-unit value-add multifamily opportunity at 110 Archwood Place in Madison, Tennessee, within the high-growth Nashville MSA. Built in 1978 and currently ~75% occupied, the asset offers a clear path to near-term NOI growth through lease-up, improved management, and targeted capital improvements. Deferred maintenance creates a high-impact renovation opportunity to drive rent growth and operating efficiencies.
The property features a mix of garden-style apartments and townhome units, supporting broad tenant demand and long-term stability. Located near major employment centers and growth drivers such as the East Bank redevelopment and the Oracle campus, the asset is well-positioned to benefit from continued in-migration and renter demand in North and East Nashville. This is a rare chance to acquire scale at an attractive basis in a supply-constrained submarket with multiple exit strategies upon stabilization.
Auction will take place on March 23rd - 25th.
Link to Auction: https://rimarketplace.com/auction/3028/reo-sale-crossings-at-madison-112-units
Investment Highlights
Investment Highlights:
- Institutional Scale with Value-Add Upside: Crossings of Madison is a 112-unit multifamily community offering true operational scale rarely available at an attractive basis in the Nashville MSA. The unit count supports professional management, cost efficiencies, and strong exit liquidity.
- Significant NOI Growth Opportunity: Currently operating at approximately 75% occupancy, the asset provides a clear runway for income growth through lease-up, improved collections, and operational optimization.
- Below-Market Rents with Proven Demand: In-place rents average approximately $1.18/SF, trailing comparable properties that average $1.29/SF, creating immediate mark-to-market upside as occupancy stabilizes.
- Classic Value-Add Profile: Deferred maintenance and vintage construction (1978) create a high-impact renovation opportunity, allowing investors to modernize interiors, improve curb appeal, and enhance tenant experience.
- Strong Unit Mix & Livable Floor Plans: The property offers a balanced mix of 1-bedroom garden units, 2-bedroom flats, and 3-bedroom townhomes with larger-than-average unit sizes, supporting broad renter appeal, stronger retention, and durable demand.
- Prime Nashville Submarket Location: Situated in Madison, just minutes from East Nashville, the property benefits from proximity to one of the city’s most transformative growth corridors, including the East Bank redevelopment and Oracle headquarters.
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