Jackson Multiplex Portfolio Multi-Family FOR SALE


Jackson, TN - Downtown Jackson
$1,900,000 USD
615-997-2853
, Jackson, TN for Sale
$1,900,000 USD
Multi-Family - FOR SALE
1/12
null | 6.24% Cap Rate

Jackson Multiplex Portfolio
Jackson, TN
Downtown Jackson


HIGHLIGHTS

  • 7 multifamily properties producing a monthly gross monthly income of $16,585
  • Average rents $244 below market across portfolio
  • Located in one of Tennessee's fastest-growing markets
  • Roof has been replaced at 210 Deaderick Street in 2019

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/168748/jackson-multiplex-portfolio Marcus & Millichap has been selected to exclusively market for sale the Jackson Multiplex Portfolio in Jackson, TN. This 23-unit offering will allow potential investors to purchase a rare value-add opportunity located in one of Tennessee’s fastest growing markets, Jackson, TN. This offering allows potential investors to garner a lucrative income stream from 7 total properties producing a monthly gross income of $16,585. With the new 900,000 square foot Georgia-Pacific facility recently built as well as the $5.6 billion Ford BlueOval City which is expected to be completed towards the end of 2027, this offering will allow potential investors to capitalize on the rapidly growing market of Jackson, TN. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of the Jackson Multiplex Portfolio.

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-997-2853

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Patrick CosgroveMarcus & MillichapMore Info
615-997-2853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.