Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Maplewood Apartments in Winchester, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in Winchester, TN. Maplewood Apartments is a 36-unit, 2-bedroom/1.5-bath community built in 1980 and extensively renovated over the past three years with approximately $850,000 in capital improvements. All units were rehabbed in 2022 and now feature updated flooring, kitchens, appliances, HVAC systems, plumbing, and more. Each unit includes in-unit laundry, and most have stainless steel appliances. The property sits on slab foundations with copper plumbing and wiring, a metal roof in good condition, and all HVAC systems replaced. Located in Winchester, TN, the asset presents a compelling value-add opportunity for multifamily investors. 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 of debt in palce for the Maplewood Apartments and all cash to be paid at closing. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE MAPLEWOOD APARTMENTS.