Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/190426/east-70-apartments
Marcus & Millichap has been selected to exclusively market for sale the East 70 Apartments in Jackson, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the rapidly growing West Tennessee market.
East 70 Apartments offers a rare opportunity to acquire a 36-unit multifamily community on 12.17 acres in the growing Jackson, TN market. Featuring a mix of traditional units and 9 revenue-generating tiny homes, with 12 renovated units and private well and septic utilities, the property provides significant value-add potential through interior upgrades, rent growth, and operational efficiencies. Its spacious, low-density layout and proximity to major employment and retail corridors make it ideal for long-term cash flow and future expansion or redevelopment.
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 East 70 Apartments.