Multifamily
Hwy 259 Townhomes
104 TN-259, Portland, TN 37148
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale Hwy 259 Townhomes in Portland, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Nashville, TN MSA.
Located in the growing city of Portland, TN, Hwy 259 Townhomes offers investors a stabilized, well-maintained 28-unit asset with strong in-place operations and long-term upside. The property stands out with desirable tenant amenities including in-unit washers and dryers, a playground, picnic area, and an on-site shop. Over $110,000 in recent capital improvements including new roofs, upgraded common areas, and interior unit renovations position the asset for minimal near-term cap-ex. Brittany Court offers an efficient, low-maintenance investment in a high-demand market with continued population and economic growth.
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 HWY 259 TOWNHOMES.
Hwy 259 Townhomes
Investment Highlights
- Over $110,000 spent on capital improvements in the past 36 months, including new roofs (2024), sealed parking lots, playground upgrades, and electrical added to the shop
- Unit renovations include new appliances, flooring, lighting, hardware, interior paint, and resurfaced tubs and countertops, typically costing $6,000–$8,000 per unit
- Each building is on one water meter, and tenants are billed back
- Individually metered for electricity
Exclusively Listed By
Investment Highlights
- Over $110,000 spent on capital improvements in the past 36 months, including new roofs (2024), sealed parking lots, playground upgrades, and electrical added to the shop
- Unit renovations include new appliances, flooring, lighting, hardware, interior paint, and resurfaced tubs and countertops, typically costing $6,000–$8,000 per unit
- Each building is on one water meter, and tenants are billed back
- Individually metered for electricity
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale Hwy 259 Townhomes in Portland, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Nashville, TN MSA. Located in the growing city of Portland, TN, Hwy 259 Townhomes offers investors a stabilized, well-maintained 28-unit asset with strong in-place operations and long-term upside. The property stands out with desirable tenant amenities including in-unit washers and dryers, a playground, picnic area, and an on-site shop. Over $110,000 in recent capital improvements including new roofs, upgraded common areas, and interior unit renovations position the asset for minimal near-term cap-ex. Brittany Court offers an efficient, low-maintenance investment in a high-demand market with continued population and economic growth. 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 HWY 259 TOWNHOMES.
Exclusively Listed By
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