Multifamily Properties For Sale

Property #1 - Park Place Apartments

Park Place Photo
Property: Park Place Apartments Type: QC Added: 5-31-17
Price: $7,669,060 Size: 96 units 12 buildings Lot Size: 9.17 acres
Address: 100 Boardwalk Cove, Jackson, TN 38301 Area Overview Map County: Madison
Description: Park Place is a family tax credit property located in Jackson, Tennessee. It was recently refinanced with a HUD 223(f) mortgage which required a moderate amount of renovation. Park Place consists of 12 residential apartment buildings containing a total of 96 apartment units and a resident clubhouse.

There are: a) 8 one bedroom units restricted to 50% of AMI and 4 one bedroom units restricted to 60% of AMI each containing approximately 958 square feet of living space and b): 12 two bedroom units restricted to 50% of AMI and 36 two bedroom units restricted to 60% of AMI each containing approximately 1,150 square feet of living space and c): 36 three bedroom units restricted to 60% of AMI each containing approximately 1,349 square feet of living space. Floor plans include private deck or patio, kitchens include dishwasher, garbage disposal, and washer/dryer connections. Site amenities include pool with sun deck, resident clubhouse, playground, landscaped grounds, professional on-site management, and 24 hour emergency maintenance service.

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Seller Contact: Tim Palmieri
Jackson Parkway Partners, L.P.
710 Woodbrook Way Lawrenceville, GA 30043
229-219-8153
THDA Contact:

Multifamily Programs
tncompliance@thda.org

By accessing this website, you acknowledge that the information regarding the properties listed on this website is provided by the owners of the properties and has not been independently verified by the Tennessee Housing Development Agency (“THDA”). THDA is only publicizing such information in the Qualified Contract process in its capacity as the credit allocating agency for Tennessee, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended. THDA makes no representation or warranties, expressed or implied, and none should be inferred, as to the accuracy, validity, or timeliness of any information provided on this website. Any interested party is responsible for conducting their own independent due diligence regarding the accuracy of such information, the quality and marketability of the property, and the feasibility, suitability, and risk of undertaking any activity in connection with any property listed. Therefore, the THDA has no liability to any person or entity for any loss or damage (direct, indirect, special, consequential, or incidental) resulting in whole or in part on the reliance of any information provided herein.


Property #2 - The Park at Hillside Apartments

Park at Hillside Photo
Property: The Park at Hillside ApartmentsType:QCAdded:7-24-17
Price:$29,604,166Size:290 units 42 buildingsLot Size:20.92 acres
Address:1501 Hillside Ave. Nashville, TN 37203County:Davidson
Description:The Park at Hillside is a 290-unit affordable multifamily community in Nashville, TN. The property was constructed in 1969 and renovated in 2000 under the Low Income Tax Credit (LIHTC) Program.


Residents of The Park at Hillside choose from one-bedroom, one-bath; two-bedroom, one-bath; three-bedroom, one bath; or three-bedroom, two-bath floor plans. Each unit boasts a well-equipped kitchen and spacious floor plan. The community offers an onsite laundry facility, children’s playground, community clubhouse, and gated access.


Close to the I-65 and I-40 split, The Park at Hillside is in immediate access to all of Nashville. Shopping, dining, employment, and public transportation can all be found minutes away. Two major universities, Vanderbilt University and Belmont University, are within walking distance of the property. Reservoir Park and Rose Park are directly adjacent to the property.

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Seller Contact:

Hunter Nelson
Park at Hillside, LLC
118 16th Avenue, Suite 200
Nashville, TN 37203
615-490-6711
hunter@elmingtoncapital.com

THDA Contact:

Multifamily Programs
tncompliance@thda.org

By accessing this website, you acknowledge that the information regarding the properties listed on this website is provided by the owners of the properties and has not been independently verified by the Tennessee Housing Development Agency (“THDA”). THDA is only publicizing such information in the Qualified Contract process in its capacity as the credit allocating agency for Tennessee, in accordance with Section 42 of the Internal Revenue Code of 1986, as amended. THDA makes no representation or warranties, expressed or implied, and none should be inferred, as to the accuracy, validity, or timeliness of any information provided on this website. Any interested party is responsible for conducting their own independent due diligence regarding the accuracy of such information, the quality and marketability of the property, and the feasibility, suitability, and risk of undertaking any activity in connection with any property listed. Therefore, the THDA has no liability to any person or entity for any loss or damage (direct, indirect, special, consequential, or incidental) resulting in whole or in part on the reliance of any information provided herein.