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Multifamily

Redwood Park

3020 S Rutherford Blvd, Murfreesboro, TN 37130

Listing Price: Request For Offer

Number of Units
32
Gross SF
28,416

Investment Overview

Loan Assumption • Loan Amount: $3,021,000 • Interest Rate: 3.660% • Origination Date: October 16, 2021 • Amortization Period (months): Interest Only for 24 Months, then 360 Months • Loan Term (months): 84 Months • Prepayment Charge: 84 Month Loan Term Step-Down Prepayment Option (3%, 3%, 2%, 2%, 1%, 1%, 1%) Marcus & Millichap has been selected to exclusively market for sale these properties in Murfreesboro, TN. 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 an assumption to the debt 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 REDWOOD PARK APARTMENTS

Investment Highlights

  • Opportunity to raise rents $418
  • $72,763 Spent on capital improvements in the last 36-months
  • Individually metered for electric
  • PVC Piping
  • Buildings built on a slab

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
32
Gross SF
28,416

Investment Highlights

  • Opportunity to raise rents $418
  • $72,763 Spent on capital improvements in the last 36-months
  • Individually metered for electric
  • PVC Piping
  • Buildings built on a slab

Investment Overview

Loan Assumption • Loan Amount: $3,021,000 • Interest Rate: 3.660% • Origination Date: October 16, 2021 • Amortization Period (months): Interest Only for 24 Months, then 360 Months • Loan Term (months): 84 Months • Prepayment Charge: 84 Month Loan Term Step-Down Prepayment Option (3%, 3%, 2%, 2%, 1%, 1%, 1%) Marcus & Millichap has been selected to exclusively market for sale these properties in Murfreesboro, TN. 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 an assumption to the debt 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 REDWOOD PARK APARTMENTS

Exclusively Listed By

Financing By

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