Dancy Deaderick Portfolio Multi-Family FOR SALE


Jackson, TN - Downtown Jackson
$620,870 USD
615-973-5373
, Jackson, TN for Sale
$620,870 USD
Multi-Family - FOR SALE
1/2
null | 6.28% Cap Rate

Dancy Deaderick Portfolio
Jackson, TN
Downtown Jackson


HIGHLIGHTS

  • Multifamily properties currently producing a monthly gross income of $5,220
  • With current rents averaging $198 below market value, there’s immediate upside potential through rental increases
  • The roof was replaced at 310 Deaderick in 2019

OVERVIEW

Link to Deal Room & Financials: https://www.marcusmillichap.com/properties/183930/dancy-deaderick-portfolio Marcus & Millichap has been selected to exclusively market for sale the Dancy Deaderick Portfolio in Jackson, TN. This 8-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 portfolio presents investors with the opportunity to acquire two fully leased properties generating a combined monthly gross income of $5,220. With current rents averaging $198 below market value, there’s immediate upside potential through rental increases, offering a clear path to increased cash flow and longterm value. 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 Dancy Deaderick Portfolio.

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.