Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/183951/the-reserve-at-lebanon
Marcus & Millichap has been selected to exclusively market for sale The Reserve at Lebanon in Lebanon, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Nashville, TN MSA.
The Reserve at Lebanon is a 40-unit multifamily community built in 1970, offering a mix of one- and two-bedroom floorplans with strong in-place occupancy and clear value-add upside. Ownership has invested approximately $585,000 over the past three years, including exterior improvements, unit renovations, and major system upgrades, with over 70% of HVAC units replaced and the roof replaced in 2018. With 17 units already renovated and rents currently below market, investors have the opportunity to continue interior upgrades and capture proven rent premiums. The property is individually metered and well amenitized, positioned in a growing Lebanon corridor within commuting distance to Nashville.
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 Reserve at Lebanon.