Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Old Hickory Townhomes in Jackson, Tennessee. This offering provides investors the opportunity to acquire a rare value-add multifamily asset in a growing West Tennessee market. Old Hickory Townhomes is a 24-unit townhome community located in the heart of North Jackson, one of the city’s strongest apartment submarkets. The property features a desirable all one-bedroom townhome floorplan with washer and dryer hookups, individual water and electric metering, and a substantial interior renovation program completed throughout a majority of the units. Recent capital improvements, including a community-wide metal roof and updated HVAC systems across nearly the entire property, position the asset as a well-maintained investment with remaining value-add upside through continued interior upgrades and operational enhancements. 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 Old Hickory Townhomes.