Superior Portfolio
ClosedMultiple Addresses, Jackson, TN 38301
Property type
Multifamily
Unit / Space count
20
Price
Subject to Offer
Building size
14,912 sf
Rentable area
14,912 SF
Year built
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Bedroom count
Property description
5 properties total. All 20 units were renovated by the seller. New owner was looking for a turnkey property in a new market. New development just announced for Jackson “The Crossings at Exum Place is set to feature 260,000 square feet of commercial development: 1,100 residential units, outdoor venues, a farmers’ market, and 40 acres of green space. The Crossings’ developers plan to have 600 single-family homes and 500 multifamily units designed by Memphis-based designers LRK. The Crossings project comes at a pivotal time for Jackson and Madison county as employee of existing and incoming industries (Georgia-Pacific, 6K Energy and Blue Oval City) are exploring housing alternatives. The Crossings’ is expected to generate 1,500 new jobs; $3.4 billion in new economic activity and over $120 million in new tax revenue.”
Property highlights
- New-to-Market Buyer
- All Units had been Renovated by the Previous Owner
- Closed within Contract Timeframes