Jackson Multiplex Portfolio
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Jackson Multiplex Portfolio
7 Multifamily Properties Offered at $1,900,000 in Jackson, TN
Investment Highlights
- 7 multifamily properties producing a monthly gross monthly income of $16,585
- Located in one of Tennessee's fastest-growing markets
- Average rents $244 below market across portfolio
- Roof has been replaced at 210 Deaderick Street in 2019
Executive Summary
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/168748/jackson-multiplex-portfolio
Marcus & Millichap has been selected to exclusively market for sale the Jackson Multiplex Portfolio in Jackson, TN. This 23-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 7 total properties producing a monthly gross income of $16,585.
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 towards the end of 2027, 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 Multiplex Portfolio.
Marcus & Millichap has been selected to exclusively market for sale the Jackson Multiplex Portfolio in Jackson, TN. This 23-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 7 total properties producing a monthly gross income of $16,585.
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 towards the end of 2027, 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 Multiplex Portfolio.
Property Facts
| Price | $1,900,000 | Number of Properties | 7 |
| Price / SF | $91.74 / SF | Individually For Sale | 0 |
| Cap Rate | 6.24% | Total Building Size | 20,711 SF |
| Sale Type | Investment | Total Land Area | 1.77 AC |
| Status | Active |
| Price | $1,900,000 |
| Price / SF | $91.74 / SF |
| Cap Rate | 6.24% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 20,711 SF |
| Total Land Area | 1.77 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 10 Brianfield Cv, Jackson, TN 38305 | Multifamily | 2,916 SF | 1983 | - |
| 60 Brianfield Dr, Jackson, TN 38305 | Multifamily | 4,000 SF | 1985 | - |
| 926 Old Hickory Blvd, Jackson, TN 38305 | Multifamily | 1,995 SF | 1973 | - |
| 61 Cinnamon Dr, Jackson, TN 38305 | Multifamily | 2,200 SF | 1978 | - |
| 57 Cinnamon Dr, Jackson, TN 38305 | Multifamily | 2,200 SF | 1978 | - |
| 310 W Deaderick St, Jackson, TN 38301 | Multifamily | 1,400 SF | 1960 | - |
| 101 Dancy St, Jackson, TN 38301 | Multifamily | 6,000 SF | 2006 | - |
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