The Parc on Cumberland Multi-Family FOR SALE


Jasper, TN
$2,680,000 USD
615-997-2853
, Jasper, TN for Sale
$2,680,000 USD
Multi-Family - FOR SALE
1/44
null | 6.8% Cap Rate

The Parc on Cumberland
Jasper, TN


HIGHLIGHTS

  • 31-Minute drive to downtown Chattanooga
  • $37,772 Spent on capital improvements in the past 36-months
  • Renovations include new paint, flooring, cabinets, countertops, appliances, bath vanity, toilet, tub refinishing, and light fixtures
  • Roughly half of the HVAC units have been replaced since 2019
  • Roofs are 5 years old on all buildings with the exception of the small building with the laundry facilities and studio apartment
  • Units are individually metered for water and electric. Hot water the exception, it is on a master meter and each unit pays a monthly hot water fee

OVERVIEW

Link to the Deal Room & Financials: https://www.marcusmillichap.com/properties/165278/the-parc-on-cumberland Marcus & Millichap has been selected to exclusively market for sale The Parc on Cumberland and an additional quadplex in Jasper, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in Chattanooga’s MSA. 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 PARC ON CUMBERLAND.

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.