Rogersville Apartment Complex

Multi-Family for Sale
Catylist Listing ID: 30327776
Property Subtypes: Mid-Rise
Number of Units: 18 Units
Building Size (RSF): 10,168 SF
Gross Building Area: See Agent
Sale Price: $475,000
Unit Price: $26,388.89 Per Unit
Property Use Type: Investment
Building Name: East Ridge Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/30/2018

Overview / Comments

18 unit apartment complex in the Rogersville City Limits. 18 one bedroom efficiency apartments. 13 of the units have been updated and monthly rent is $400 per month each. 4 units have not been updated and the rent is $375 per month. 1 unit is used for storage and maintenance. On site laundry. Paved parking lot. Great location. Great investment opportunity.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Hawkins
Tax ID/APN: 100E C 007.00 and 007.01
Zoning: R-2
Percent Occupied: 100%
Highway Access: Corner of Hwy 11W and N. Hawkins Street
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 2
Year Built: 1978
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Wall Units
Fuel: Electric
Air Conditioning: Other
Internet Access: Cable
Interior Description: One bedroom efficiency apartments. Kitchen/dining/living is open and bedroom in back with full bath. Refrigerator and stove included in each apartment.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,999 10,125 15,653
Median Age: 42.17 41.74 42.11
Households: 1,279 4,171 6,360


Photograph of Listing Agent

Stephen A. Nelson

Givens-Nelson Realty, Inc. NETAR CMLS Member
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