Maplewood Apartments — Sale in Winchester, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Winchester, TN 37398

Photos

Maplewood Apartments — Sale in Winchester, TN, photo 1 of 4
Maplewood Apartments — Sale in Winchester, TN, photo 2 of 4
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Maplewood Apartments — Sale in Winchester, TN, photo 4 of 4

Investment Figures

Cap rate
8.34%

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 Maplewood Apartments in Winchester, TN. This offering presents an opportunity to acquire a 36-unit multifamily asset with significant recent capital improvements and remaining value-add upside. Maplewood Apartments offers investors the opportunity to acquire a 36-unit community that has undergone significant capital improvements while maintaining a clear path for future value creation. Ownership has invested approximately $850,000 over the past four years, including renovations to 30 of 36 units. With six units remaining to be upgraded, investors have the ability to continue the renovation program and capture additional rental upside. Combined with recent property improvements, washer/dryer connections, and limited multifamily competition in the Winchester market, Maplewood Apartments is positioned to provide both stable cash flow and continued growth potential. 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 an assumption of debt in place for the Maplewood Apartments and all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of the Maplewood Apartments. Investment Highlights: • Approximately $850,000 has been invested in capital improvements over the last 48 months. • 30 out of 36 units have been rehabbed and completed in 2022, including new flooring, kitchens, appliances, plumbing, windows, doors, lighting, and paint. • Each unit has washer/dryer connections • Most units feature stainless steel appliances, with some still using newer black appliances.

Market Context

This multifamily in Winchester, TN is listed for sale. It is offered at an approximate 8.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Winchester, TN — view the full market.

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