615-973-5373
117 Jerry St, Portland, TN for Sale
Apartments - FOR SALE
1/45
null | Request Cap Rate

117 Jerry St
Portland, TN 37148


HIGHLIGHTS

  • Approximately $140,000 spent on capital improvements over the last 36 months
  • Laundry facility, playground, and basketball practice court on-site
  • Water is on a master meter and billed back to tenants, and electricity is individually metered and in the tenants’ names

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/185518/autumn-wood-portland Marcus & Millichap has been selected to exclusively market for sale Autumn Wood Portland in Portland, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Nashville, TN MSA. Autumn Wood is a 50-unit multifamily community located in the steadily growing Portland, TN market. Built in 1984, the property has benefited from significant capital improvements over the past 36 months, including new exterior stairwells, decking, handrails, exterior paint, playground equipment, AC units, and ongoing unit upgrades. Washer and dryer connections are being added to larger units during turnovers, further enhancing tenant appeal. With individually metered electricity, water billed back to tenants, and durable PVC plumbing and Romex copper wiring, Autumn Wood offers a low-maintenance, income-generating asset. The property’s strong fundamentals position it well to capture continued rental demand in a supply-constrained market. 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 Autumn Wood Portland.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

50

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Autumn Wood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

70

LAND DETAILS

LAND ACRES

7.26 AC

LAND SF

316,246 SF

ZONING

-

APN/PARCEL ID

039-028.01

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.