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Multifamily

Jackson Multiplex Portfolio

101 Dancy St, Jackson, TN 38301

Listing Price: $1,900,000

Cap Rate
6.24%
Number of Units
23
GRM
7.13
Price/Unit
$82,609
Price/Gross SF
$99.68
Gross SF
19,061

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Jackson Multiplex Portfolio in Jackson, TN. This 23-unit offering will allow potential investors to purchase a rare value-add opportunity located in one of Tennessee’s fastest growing markets, Jackson, TN.

This offering allows potential investors to garner a lucrative income stream from 7 total properties producing a monthly gross income of $16,585.

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 paid at closing.

At no point should tenants or staff be contacted regarding the sale of the Jackson Multiplex Portfolio.

Investment Highlights

  • 7 multifamily properties producing a monthly gross monthly income of $16,585
  • Average rents $244 below market across portfolio
  • Average rents $244 below market across portfolio
  • Roof has been replaced at 210 Deaderick Street in 2019

Exclusively Listed By

Financing By

Multifamily

Jackson Multiplex Portfolio

Listing Price: $1,900,000

Cap Rate
6.24%
Number of Units
23
GRM
7.13
Price/Unit
$82,609
Price/Gross SF
$99.68
Gross SF
19,061

Investment Highlights

  • 7 multifamily properties producing a monthly gross monthly income of $16,585
  • Average rents $244 below market across portfolio
  • Average rents $244 below market across portfolio
  • Roof has been replaced at 210 Deaderick Street in 2019

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Jackson Multiplex Portfolio in Jackson, TN. This 23-unit offering will allow potential investors to purchase a rare value-add opportunity located in one of Tennessee’s fastest growing markets, Jackson, TN. This offering allows potential investors to garner a lucrative income stream from 7 total properties producing a monthly gross income of $16,585. 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 paid at closing. At no point should tenants or staff be contacted regarding the sale of the Jackson Multiplex Portfolio.

Exclusively Listed By

Financing By

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