183 Campbell St - Apartments FOR SALE


Jackson, TN 38301- Downtown Jackson
$950,000 USD
615-973-5373
183 Campbell St, Jackson, TN for Sale
$950,000 USD
Apartments - FOR SALE
1/37
null | 7.07% Cap Rate

183 Campbell St
Jackson, TN 38301
Downtown Jackson


OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/307477/campbell-street-flats Marcus & Millichap has been selected to exclusively market for sale Campbell Street Flats in Jackson, Tennessee. This offering provides investors the opportunity to acquire a fully renovated eight-unit multifamily asset in a growing West Tennessee market. Campbell Street Flats presents the opportunity to acquire a fully renovated eight-unit multifamily asset in Jackson, Tennessee. Ownership invested approximately $268,376 in capital improvements, completing a comprehensive renovation of all units and major building systems in 2024, including updated interiors, plumbing and electrical improvements, new windows, a tankless water heater system, and extensive exterior enhancements. The property’s recent renovation significantly reduces near-term capital expenditure needs while providing residents with modern finishes and on-site laundry facilities. Conveniently located near Downtown Jackson, the asset benefits from access to the area’s major employment, healthcare, retail, and entertainment destinations. 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 Campbell Street Flats.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

8

PRICE/UNIT

$118,750

CAP RATE

7.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Campbell Street Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,723 SF

ZONING

-

APN/PARCEL ID

078H-V-012.00

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 Notice.