Fireside Flats & Westmoreland Townhomes 2 Multifamily Properties Offered at $4,146,640 CAD in Portland, TN

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/198947/fireside-flats-westmoreland-townhomes
Marcus & Millichap has been exclusively retained to market the Portland Multifamily Portfolio in Portland, TN. This offering provides investors with the rare opportunity to acquire a two-property value-add portfolio strategically positioned within the Nashville MSA.
This portfolio comprises 26 units across two well-located Portland, TN communities, both supported by the city’s strong industrial base and growing employment. 102 Fireside features a mix of one- and two-bed units, in-unit laundry connections in select units, an on-site laundry facility, individually metered utilities, and 16 renovated units out of 18. 123 Old Westmoreland adds 8 two-bedroom townhomes with in-unit laundry connections, central HVAC, utility bill-backs, and 3 renovated units. Portland’s economy is accelerating, driven by significant job-creating investments such as Shoals Technologies Group’s $80M expansion (~550 jobs) and Troax Group’s new facility (~120 jobs). This growth continues to support strong renter demand, reinforced by the city’s proximity to Nashville (40 miles) and Clarksville (~61 miles).
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 Portland Multifamily Portfolio.