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Lexington Multifamily Portfolio 2 Multifamily Properties Offered at $4,527,688 CAD in Multiple Locations
INVESTMENT HIGHLIGHTS
- This offering features two Lexington multifamily assets: a prime 25-unit townhouse-style community and a centrally located 25-unit property
- Ownership has invested $350,000 in capital improvements across the two properties in the past 36 months
- This offering allows investors the opportunity to acquire two properties in a growing West Tennessee market with upside potential
- Improvements include replacing most HVAC units, installing new flooring, updating appliances, and making exterior upgrades.
EXECUTIVE SUMMARY
Link to Deal Room and financials: https://www.marcusmillichap.com/properties/194356/lexington-multifamily-portfolio
Marcus & Millichap is pleased to present the exclusive offering of Midtown Apartments and Lakeside Townhomes, a portfolio of value-add multifamily assets located in Lexington, Tennessee. This offering allows investors the opportunity to acquire two properties in a growing West Tennessee market with strong fundamentals and upside potential.
The Lexington Multifamily Portfolio comprises two well-located properties in Lexington, Tennessee, roughly 20 miles from Jackson. The 45-unit portfolio features a mix of one-, two-, and three-bedroom floorplans. Ownership has invested $350,000 in recent capital improvements, including new HVAC systems, flooring, updated appliances, and exterior upgrades. With below-market rents and value-add potential through continued renovations and operational enhancements, the portfolio offers investors scale and upside in a growing West Tennessee market.
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 Lexington Multifamily Portfolio.
Marcus & Millichap is pleased to present the exclusive offering of Midtown Apartments and Lakeside Townhomes, a portfolio of value-add multifamily assets located in Lexington, Tennessee. This offering allows investors the opportunity to acquire two properties in a growing West Tennessee market with strong fundamentals and upside potential.
The Lexington Multifamily Portfolio comprises two well-located properties in Lexington, Tennessee, roughly 20 miles from Jackson. The 45-unit portfolio features a mix of one-, two-, and three-bedroom floorplans. Ownership has invested $350,000 in recent capital improvements, including new HVAC systems, flooring, updated appliances, and exterior upgrades. With below-market rents and value-add potential through continued renovations and operational enhancements, the portfolio offers investors scale and upside in a growing West Tennessee market.
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 Lexington Multifamily Portfolio.
PROPERTY FACTS
| Price | $4,527,688 CAD | Number of Properties | 2 |
| Price / SF | $186.96 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.60% | Total Building Size | 24,218 SF |
| Sale Type | Investment | Total Land Area | 1.72 AC |
| Status | Active |
| Price | $4,527,688 CAD |
| Price / SF | $186.96 CAD / SF |
| Cap Rate | 6.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 24,218 SF |
| Total Land Area | 1.72 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Midtown Apartments | Multifamily | 21,940 SF | 1999 | - |
|
Lakeside Townhouses
16563 Highway 104 N, Lexington, TN 38351 |
Multifamily | 24,218 SF | 1999 | - |
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Lexington Multifamily Portfolio
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