Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Jefferson City Multifamily Portfolio in Jefferson City, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity within East Tennessee’s growing Lakeway region. The Jefferson City Multifamily Portfolio offers the opportunity to acquire a 16-unit multifamily asset across five buildings and five parcels in Jefferson City, Tennessee. Current rents average approximately $155 below market, providing a clear path to increased revenue through future rent growth while maintaining occupancy. Constructed between 1996 and 1997, the portfolio benefits from a newer vintage and features individually metered water and electricity, reducing operating expense burden. Located within East Tennessee’s growing Lakeway region with convenient access to Highway 11E, Morristown, and Knoxville employment centers, the property is well-positioned to serve workforce renters in a market characterized by limited multifamily inventory and strong long-term housing demand. 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 these properties.