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Multifamily

Sherry Lane Apartments

100 Sherry Ln, Dickson, TN 37055

Listing Price: $1,275,000

Cap Rate
5.26%
Number of Units
8
GRM
9.00
Price/Unit
$159,375
Price/Gross SF
$186.19
Gross SF
6,848

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Dickson, TN. This offering will allow a potential investor to purchase a rare value-add opportunity Located in the Nashville MSA.

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 SHERRY LANE APARTMENTS.

Investment Highlights

  • 2 Quadplexes on 2.5 acres of land
  • Rents are currently $297 below market
  • Located 40 Miles West of Nashville, TN
  • Individually metered for electricity
  • Water is on a single meter and is currently billed back to tenants

Exclusively Listed By

Financing By

Multifamily

Sherry Lane Apartments

Listing Price: $1,275,000

Cap Rate
5.26%
Number of Units
8
GRM
9.00
Price/Unit
$159,375
Price/Gross SF
$186.19
Gross SF
6,848

Investment Highlights

  • 2 Quadplexes on 2.5 acres of land
  • Rents are currently $297 below market
  • Located 40 Miles West of Nashville, TN
  • Individually metered for electricity
  • Water is on a single meter and is currently billed back to tenants

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Dickson, TN. This offering will allow a potential investor to purchase a rare value-add opportunity Located in the Nashville MSA. 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 SHERRY LANE APARTMENTS.

Exclusively Listed By

Financing By

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