Old Hickory Townhomes — Sale in Jackson, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Jackson, TN 38305

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Investment Figures

Cap rate
6.42%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale the Old Hickory Townhomes in Jackson, Tennessee. This offering provides investors the opportunity to acquire a rare value-add multifamily asset in a growing West Tennessee market. Old Hickory Townhomes is a 24-unit townhome community located in the heart of North Jackson, one of the city’s strongest apartment submarkets. The property features a desirable all one-bedroom townhome floorplan with washer and dryer hookups, individual water and electric metering, and a substantial interior renovation program completed throughout a majority of the units. Recent capital improvements, including a community-wide metal roof and updated HVAC systems across nearly the entire property, position the asset as a well-maintained investment with remaining value-add upside through continued interior upgrades and operational enhancements. 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 Old Hickory Townhomes. Investment Highlights: • 24-unit townhome community consisting entirely of 1 bed / 1 bath floorplans with a functional two-story layout. • Rents are currently $105 below the market rate. • Townhome-style units offer increased privacy and separation of living and bedroom spaces compared to traditional apartment layouts. • Individually metered for water and electricity. • Majority of units have been renovated, providing upside through completion of the remaining unrenovated units.

Market Context

This multifamily in Jackson, TN is listed for sale. It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Jackson, TN — view the full market.

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