615-788-1696
201-302 Sewanee st St, Harriman, TN for Sale
Apartments - FOR SALE
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201-302 Sewanee st St
Harriman, TN 37748


HIGHLIGHTS

  • Path of the $8 Billion+ Oak Ridge Nuclear Corridor Investment Wave
  • Static Supply Pipeline – Zero Units Under Construction Across the Submarket
  • Significant Mark-to-Market Rental Upside Relative to Submarket Comps
  • Major Capital Already Addressed – Light, Cosmetic-Driven Value-Add Remaining
  • Stabilized In-Place Operations with Day-One Positive Cash Flow
  • Attainable Going-In Basis Relative to Recent Area Trades

OVERVIEW

MMG Real Estate Advisors is pleased to present Sewanee Street Apartments, a 12-unit, stabilized workforce multifamily community located in Harriman, Tennessee, in the heart of Roane County. The property offers investors a rare combination of in-place cash flow and clearly defined mark-to-market upside in a submarket sitting directly in the path of one of the most concentrated nuclear-energy investment waves in the United States. With major capital systems already addressed, a light cosmetic value-add plan remaining, and in-place rents set well below prevailing submarket comparables, the property offers the next owner immediate income, embedded rent growth, and operational upside without the execution risk of lease-up or a heavy renovation program. Sewanee Street Apartments is situated at 201 Sewanee Street, along the I-40 corridor roughly 35 miles west of downtown Knoxville and within the broader Knoxville MSA (~952,000 residents). Harriman sits between the Tennessee River to the south and the Oak Ridge Corridor to the north, where more than $8 billion of committed private capital across named Roane County projects is set to reshape the region’s employment base. Against a fixed local apartment inventory with zero units under construction, Sewanee Street is positioned to be a primary beneficiary of the renter demand this investment wave will generate for years to come.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

12

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sewanee Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

026K-K-016.00

ASK ABOUT THIS PROPERTY

John EndomMMGMore Info
615-788-1696

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John EndomMMGMore Info
615-788-1696

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