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Multifamily

Gracey Court & The Phoenix

611 Madison St, Clarksville, TN 37040

Listing Price: Request For Offer

Number of Units
26
Gross SF
18,346

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Clarksville, TN. This offering will allow a potential investor to purchase a rare class-A trophy asset in downtown Clarksville, 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. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE O F THE GRACEY COURT AND THE PHOENIX APARTMENTS.

Investment Highlights

  • Opportunity for new investor to assume current debt in place. Principle Amount: $2,068,000 30-Year Amortization 8.4 Year-Term 4.26% Interest Rate 14 additional months of interest only payments
  • Loft style apartments with vaulted ceilings and stainless steel appliances
  • Opportunity to furnish one bedroom units to leases for $1,500-$1,700
  • PEX piping and Romex wiring
  • Individually metered for electric

Exclusively Listed By

Financing By

Multifamily

Gracey Court & The Phoenix

Listing Price: Request For Offer

Number of Units
26
Gross SF
18,346

Investment Highlights

  • Opportunity for new investor to assume current debt in place. Principle Amount: $2,068,000 30-Year Amortization 8.4 Year-Term 4.26% Interest Rate 14 additional months of interest only payments
  • Loft style apartments with vaulted ceilings and stainless steel appliances
  • Opportunity to furnish one bedroom units to leases for $1,500-$1,700
  • PEX piping and Romex wiring
  • Individually metered for electric

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Clarksville, TN. This offering will allow a potential investor to purchase a rare class-A trophy asset in downtown Clarksville, 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. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE O F THE GRACEY COURT AND THE PHOENIX APARTMENTS.

Exclusively Listed By

Financing By

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