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Multifamily

Palms at Jackson

2655 Belvedere Dr, Jackson, MS 39212

Listing Price: Request For Offer

Number of Units
135
Gross SF
107,869

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Timberlake Apartments, located in Jackson, MS. This offering will allow a potential investor to purchase a rare value-add opportunity. 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 OF THE PALMS AT JACKSON.

Investment Highlights

  • Current ownership has invested heavily in the curb appeal of the property by repairing and painting all exterior surfaces along with replacing all roofs with metal in the past 2 years.
  • Opportunity to renovate all units and raise the average rent to $750.
  • The shortage of newer development in the area highlights the opportunity to reposition complexes like Palms at Jackson.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Multifamily

Palms at Jackson

Listing Price: Request For Offer

Number of Units
135
Gross SF
107,869

Investment Highlights

  • Current ownership has invested heavily in the curb appeal of the property by repairing and painting all exterior surfaces along with replacing all roofs with metal in the past 2 years.
  • Opportunity to renovate all units and raise the average rent to $750.
  • The shortage of newer development in the area highlights the opportunity to reposition complexes like Palms at Jackson.

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Timberlake Apartments, located in Jackson, MS. This offering will allow a potential investor to purchase a rare value-add opportunity. 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 OF THE PALMS AT JACKSON.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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