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Multifamily

Jackson, TN Portfolio

121 Cloverdale St, Jackson, TN 38301

Listing Price: $5,200,000

Cap Rate
7.04%
Number of Units
53
GRM
7.51
Price/Unit
$98,113
Price/Gross SF
$101.62
Gross SF
51,172

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Jackson Tennessee Portfolio in Jackson, TN. This 53-unit offering will allow potential investors to purchase a rare value-add opportunity located in one of Tennessee’s fastest growing markets, Jackson TN.

This offering allows potential investors to garner a lucrative income stream from 20 total properties which includes 8 multifamily properties (41-units producing a monthly gross income of $32,750) and 12 single family homes (producing a monthly gross income of $14,335).

With the new 900,000 square foot Georgia-Pacific facility recently built as well as the $5.6 billion Ford BlueOval City which is expected to be completed in Q1 of 2025, this offering will allow potential investors to capitalize on the rapidly growing market of Jackson, TN.

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 Jackson Portfolio.

Investment Highlights

  • Diverse rental income which includes 20 properties.
  • 8 multifamily properties producing a monthly gross income of $32,750
  • 12 Single Family Homes producing a monthly gross income of $14,335
  • Average rents are $201 below market across the portfolio

Exclusively Listed By

Financing By

Multifamily

Jackson, TN Portfolio

Listing Price: $5,200,000

Cap Rate
7.04%
Number of Units
53
GRM
7.51
Price/Unit
$98,113
Price/Gross SF
$101.62
Gross SF
51,172

Investment Highlights

  • Diverse rental income which includes 20 properties.
  • 8 multifamily properties producing a monthly gross income of $32,750
  • 12 Single Family Homes producing a monthly gross income of $14,335
  • Average rents are $201 below market across the portfolio

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Jackson Tennessee Portfolio in Jackson, TN. This 53-unit offering will allow potential investors to purchase a rare value-add opportunity located in one of Tennessee’s fastest growing markets, Jackson TN. This offering allows potential investors to garner a lucrative income stream from 20 total properties which includes 8 multifamily properties (41-units producing a monthly gross income of $32,750) and 12 single family homes (producing a monthly gross income of $14,335). With the new 900,000 square foot Georgia-Pacific facility recently built as well as the $5.6 billion Ford BlueOval City which is expected to be completed in Q1 of 2025, this offering will allow potential investors to capitalize on the rapidly growing market of Jackson, TN. 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 Jackson Portfolio.

Exclusively Listed By

Financing By

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