1068 Wooddale Church Rd - Apartments FOR SALE


Strawberry Plains, TN 37871
$1,500,000 USD
615-973-5373
1068 Wooddale Church Rd, Strawberry Plains, TN for Sale
$1,500,000 USD
Apartments - FOR SALE
1/30
null | 7.08% Cap Rate

1068 Wooddale Church Rd
Strawberry Plains, TN 37871


HIGHLIGHTS

  • Centrally located 16 minutes (12.5 miles) from downtown Knoxville and Sevierville via Interstate 40
  • An array of active commercial and residential projects is driving growth in the area, positioning property values and demand to trend upward
  • Select units feature stainless steel appliances
  • Copper wiring throughout and PVC plumbing with galvanized intake lines
  • Building constructed on slab foundation
  • Individually metered for electricity

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/189576/eastbrook-apartments Marcus & Millichap has been selected to exclusively market for sale the Eastbrook Apartments, located in Strawberry Plains, a neighborhood of Knoxville in Knox County, Tennessee. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Knoxville, TN MSA. Eastbrook Apartments is a 14-unit community in Strawberry Plains, TN, just 16 minutes from both Downtown Knoxville and Sevierville via I-40. Featuring one-bedroom layouts with select upgrades, individually metered electricity, and low-maintenance construction, the property offers efficient operations. Surrounded by new residential and commercial development, Eastbrook is well-positioned to capture growing rental demand and long-term value appreciation. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of the Eastbrook Apartments.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

14

PRICE/UNIT

$107,143

CAP RATE

7.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastbrook Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

RB

APN/PARCEL ID

073-11905

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.