
Highway 259 Townhomes | 104-114 Highway 259
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Over $110,000 spent on capital improvements in the past 36 months
- Each building is on one water meter and tenants are billed-back
- PVC plumbing and Romex copper wiring throughout
- Unit renovations include new appliances, flooring, lighting, hardware, interior paint, and resurfaced tubs and counter-tops
- Trash service is provided by the city and included in water bills
RÉSUMÉ ANALYTIQUE
Link to Deal Room & Financials: https://www.marcusmillichap.com/properties/185510/hwy-259-townhomes
Marcus & Millichap has been selected to exclusively market for sale Hwy 259 Townhomes in Portland, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Nashville, TN MSA.
Located in the growing city of Portland, TN, Hwy 259 Townhomes offers investors a stabilized, well-maintained 28-unit asset with strong in-place operations and long-term upside. The property stands out with desirable tenant amenities including in-unit washers and dryers, a playground, a picnic area, and an on-site shop. Over $110,000 in recent capital improvements including new roofs, upgraded common areas, and interior unit renovations position the asset for minimal near-term cap-ex. Brittany Court offers an efficient, low-maintenance investment in a high-demand market with continued population and economic growth.
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 HWY 259 TOWNHOMES.
Marcus & Millichap has been selected to exclusively market for sale Hwy 259 Townhomes in Portland, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Nashville, TN MSA.
Located in the growing city of Portland, TN, Hwy 259 Townhomes offers investors a stabilized, well-maintained 28-unit asset with strong in-place operations and long-term upside. The property stands out with desirable tenant amenities including in-unit washers and dryers, a playground, a picnic area, and an on-site shop. Over $110,000 in recent capital improvements including new roofs, upgraded common areas, and interior unit renovations position the asset for minimal near-term cap-ex. Brittany Court offers an efficient, low-maintenance investment in a high-demand market with continued population and economic growth.
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 HWY 259 TOWNHOMES.
INFORMATIONS SUR L’IMMEUBLE
Type de vente | Investissement | Classe d’immeuble | C |
Nb de lots | 28 | Surface du lot | 0,92 ha |
Type de bien | Immeuble residentiel | Surface de l’immeuble | 2 989 m² |
Sous-type de bien | Appartement | Nb d’étages | 2 |
Style d’appartement | Avec jardin | Année de construction | 2008 |
Zonage | A |
Type de vente | Investissement |
Nb de lots | 28 |
Type de bien | Immeuble residentiel |
Sous-type de bien | Appartement |
Style d’appartement | Avec jardin |
Classe d’immeuble | C |
Surface du lot | 0,92 ha |
Surface de l’immeuble | 2 989 m² |
Nb d’étages | 2 |
Année de construction | 2008 |
Zonage | A |
LOT INFORMATIONS SUR LA COMBINAISON
DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
---|---|---|---|
2+1.5 | 28 | - | 111 |
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TAXES FONCIÈRES
N° de parcelle | Évaluation des aménagements | 1 137 259 € | |
Évaluation du terrain | 54 057 € | Évaluation totale | 1 191 317 € |
TAXES FONCIÈRES
N° de parcelle
Évaluation du terrain
54 057 €
Évaluation des aménagements
1 137 259 €
Évaluation totale
1 191 317 €
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Highway 259 Townhomes | 104-114 Highway 259
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