Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Sutter Place located just outside of Johnson City in Gray, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Tri-Cities region of Tennessee. Sutter Place is a 34-unit, one-story townhome-style community built in 2018, featuring full-sized attached garages, private entrances, and open floor plans. The property spans 5.47 acres with generous green space, offering a desirable blend of privacy and comfort. Each unit is individually metered for water and electric, reducing owner utility exposure. Strategically located with direct access to I-26, the property sits in the heart of the Tri-Cities region, supporting long-term tenant demand and high occupancy rates. 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 Sutter Place.