Mendel Jacobson & Yosef Ajami Acquire 42-Unit Multifamily In Nashville, TN For $2.6M

Hands-Off Properties LLC has successfully purchased a multifamily complex in Nashville, TN for a sale price of $2,600,000. The property, located at 451 Aerospace Way, consists of 42 units with an average price per unit of $61,905. The total square footage of the complex is 17,000, resulting in a price per square foot of $153. The transaction took place on January 3, 2024.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Number of Units: 42
• Average Price per Unit: $61,905
• Total Square Footage: 17,000
• Price per Square Foot: $153
• Buyer: Mendel Jacobson & Yosef Ajami - Hands-Off Properties
• Seller: Dean Patel

Hands-Off Properties, represented by Mendel Jacobson & Yosef Ajami, plans to renovate units and amenities in order to increase the property's income and value.