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Multifamily

Cloverdale Apartments

120 Cloverdale St, Jackson, TN 38301

Listing Price: $1,850,000

Cap Rate
6.31%
Number of Units
18
GRM
7.45
Price/Unit
$102,778
Price/Gross SF
$112.63
Gross SF
16,425

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.

With the new 900,000 square foot Georgia-Pacific facility recently built as well as the $5.6
billion Ford BlueOval City which is expected to be completed towards the end of 2027,
this offering will allow potential investors to capitalize on the rapidly growing market of
Jackson, 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 p aid at closing.

At no point should tenants or staff be contacted regarding the sale of the Cloverdale Apartments

Investment Highlights

  • Rents are currently $234 below market rate
  • Over $30,000 spent on capital improvements between October-November 2024
  • All units are individually metered for water and electric

Exclusively Listed By

Financing By

Multifamily

Cloverdale Apartments

Listing Price: $1,850,000

Cap Rate
6.31%
Number of Units
18
GRM
7.45
Price/Unit
$102,778
Price/Gross SF
$112.63
Gross SF
16,425

Investment Highlights

  • Rents are currently $234 below market rate
  • Over $30,000 spent on capital improvements between October-November 2024
  • All units are individually metered for water and electric

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. With the new 900,000 square foot Georgia-Pacific facility recently built as well as the $5.6 billion Ford BlueOval City which is expected to be completed towards the end of 2027, this offering will allow potential investors to capitalize on the rapidly growing market of Jackson, 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 p aid at closing. At no point should tenants or staff be contacted regarding the sale of the Cloverdale Apartments

Exclusively Listed By

Financing By

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