$3,600,000

Milan Luxury Apartments is a 48-unit multifamily community in Milan, Tennessee, in Gibson County north of Jackson. The property consists of six buildings with 32 two-bedroom/two-bath and 16 three-bedroom/two-bath units. Each unit features a full kitchen with electric range, dishwasher and refrigerator, a walk-in closet in the primary bedroom, and washer/dryer connections. Community amenities include a community room, on-site laundry facility, central mail center, playground and picnic area. The property exited the LIHTC program through the qualified contract process, and the three-year protection period has fully expired. With no remaining affordability restrictions, the property is available for market-rate leasing, giving a new owner full flexibility on rents and leasing strategy. Milan and Gibson County. The property is located less than one mile from West Tennessee Healthcare Milan Hospital. Local employers include Ceco Door, an ASSA ABLOY steel door manufacturer in Milan, and Tyson Foods' poultry complex in nearby Humboldt, the largest corporate investment in Gibson County's history. US Highway 45E connects Milan directly to Jackson, the region's hub for jobs, healthcare, shopping and services. Major Jackson employers include Delta Faucet's largest facility, the Pringles plant and West Tennessee Healthcare's flagship hospital. Milan Luxury Apartments' two- and three-bedroom floor plans suit that workforce. Investment Outlook. Milan Luxury Apartments offers an established multifamily asset, free of affordability restrictions, in a stable West Tennessee market with direct access to Jackson. Its unit mix, community amenities and flexibility on rents position it well for long-term ownership.