Northmarq’s Nashville Multifamily Investment Sales team completes $3M sale of 3-property Union City portfolio

UNION CITY, Tenn. — Northmarq’s Nashville Multifamily Investment Sales team led by Quentin Nichols, Adam Klenk, Jordan Arand, Austin Heithcock and Blake Wiser successfully arranged the $3 million sale of a three-property, 57-unit multifamily portfolio located in Union City, Tennessee.

Properties include:

• Countrywood Townhomes (1230 Pleasant Valley Road)
• Cypress Cove Union City (705 W Washington Ave)
• Ford Street Apartments and Homes (201-209 Ford Street)

Northmarq represented the seller, Mosier Properties. The buyer was EAGL Properties UC LLC.

“This offering represents a compelling value-add opportunity, with the potential for significant rent growth through targeted renovations,” Nichols said. “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.”

The portfolio features a desirable unit mix of spacious two- and three-bedroom units, which cater well to families and drive strong occupancy. Countrywood Apartments feature 28 townhomes built in 2005 with units that appeal to families. Built in 1978, Cypress Cove Apartments offer 16 units that are ideal for small families and roommate living. Ford Street Apartments, built in 1971 and 1978, include 12 units as well as an adjacent two-bedroom single family home.

The properties are located in Union City, which boasts 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.