16 Unit Apartments Multi-Family FOR SALE


Athens, TN
$1,675,000 USD
423-506-7321
, Athens, TN for Sale
$1,675,000 USD
Multi-Family - FOR SALE
1/6
null | 7.14% Cap Rate

16 Unit Apartments
Athens, TN


HIGHLIGHTS

  • Walking distance to Tennessee Wesleyan University
  • Consistent and Stable Income
  • Same ownership for ~30 yrs. with a dedicated maintenance team
  • Maintenance: Professionally maintained by a full-time, in-house maintenance team
  • Price Per Unit: Approximately $101,560
  • In-Place NOI: Approximately $100,000 annually

OVERVIEW

Offered for sale is a 16-unit, 3 building, multifamily portfolio representing a portion of a larger, locally owned rental portfolio. The assets have been owned and operated for over 30 years by a long-term owner with a dedicated, full-time in-house professional maintenance team. This results in consistent standards of care, stable occupancy, and predictable operating performance. We do not require listing assistance on this listing so buyers and buyer reps only please.

ASK ABOUT THIS PROPERTY

Scott LeamonJSL Enterprises, LLCMore Info
423-506-7321

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Scott LeamonJSL Enterprises, LLCMore Info
423-506-7321

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