236 Unit Apartment Portfolio

Multi-Family for Sale
Catylist Listing ID: 30164271
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Mid-Rise, Other
Number of Units: 236 Units
Building Size (RSF): 191,024 SF
Sale Price: $12,800,000
Unit Price: $54,237.29 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/13/2017

Overview / Comments

Opportunity is Knocking!! 9 Complex Apartment Portfolio Consisting of 33 buildings 236 well taken care of units & 17 Storage buildings . $54.2 K per unit(this number does not include Storage units)$50K per unit with storage. This portfolio is one on the nicest you will find in East Tennessee. A Nondisclosure is required before financials & addresses will be released.
Seller will not separate apartments they must be purchased as a portfolio.

East Tennessee all within 20 minutes of each other.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County
Percent Occupied: 968%
Property Located Between: Johnson City, Jonesborough & Gray TN
Total Number of Buildings: 33
Property Condition: Good
Heat Type: Other
Heat Source: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,039 46,686 79,375
Median Age: 34.55 37.61 38.99
Households: 2,702 20,055 34,209


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