Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Cloverdale Apartments in Jackson, TN. This 18-unit offering will allow potential investors to purchase a rare value-add opportunity located in one of Tennessee’s fastest-growing markets, Jackson, TN. The Cloverdale Apartments is an 18-unit, two-bedroom community offering strong value-add potential and over $57,000 in recent upgrades, including new gas lines, a roof replacement, retaining wall construction, and multiple new HVAC systems. Each unit includes washer/dryer connections and separate utility metering. Positioned in a stable Jackson submarket with steady rental demand and limited competition, the property stands to benefit from major nearby economic drivers, including the new 900,000-square-foot Georgia-Pacific facility and the $5.6 billion Ford BlueOval City project slated for completion in 2027. 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 Cloverdale Apartments