Pike Place Apartments & Aerospace Flats Multi-Family FOR SALE


Nashville, TN
$8,450,000 USD
615-997-2853
, Nashville, TN for Sale
$8,450,000 USD
Multi-Family - FOR SALE
1/31
null | 5.89% Cap Rate

Pike Place Apartments & Aerospace Flats
Nashville, TN


HIGHLIGHTS

  • Rents at Pike Place Apartments are currently $170 below market rate
  • $300,000 Spent on capital improvements in the last 36 months at Aerospace Flats
  • 20 units have been renovated at Aerospace Flats with new floors, cabinetry, paint, and bathrooms
  • 8.4 Mile (12 minutes) drive from downtown Nashville

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/84788/pike-place-aerospace-flats Marcus & Millichap has been selected to exclusively market for sale these two properties in Nashville, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in Nashville, 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 PIKE PLACE APARTMENTS & AEROSPACE FLATS.

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.