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Description

Capstone is pleased to present the Union City Portfolio, a three-property, 57-unit portfolio located in Union City, TN. This offering represents a compelling value-add opportunity, with the potential for significant rent growth through targeted renovations. The market has shown support for these improvements, with similar properties achieving $150-$275 rent premiums after enhancements, providing an attractive upside for new ownership. Union City itself is experiencing positive momentum, highlighted by Tyson Foods’ $87.6 million expansion, creating 230 new jobs and signaling strong local economic growth. Additionally, the city recently received a Downtown Improvement Grant to revitalize its business district, further enhancing the area’s charm and economic appeal. The portfolio features a desirable unit mix of spacious 2- and 3-bedroom units, which cater well to families and drive strong occupancy. Operational efficiencies can be achieved through professional third-party management, enhancing cost control, marketing, and ancillary income sources, such as washer and dryer rentals, balcony premiums, and storage fees.

Investment Highlights:

Market Supported Value-Add Opportunity

Desirable Unit Mix

Operational Efficiency

Address

  • Address 201-209 Ford St. | 705 W Washington Ave. | 1230 Pleasant Valley Rd.
  • City Union City
  • State/county Tennessee

Contact Information

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