707 Carter Sells Rd - Apartments FOR SALE


Johnson City, TN 37604
$1,200,000 USD
865-210-0228
707 Carter Sells Rd, Johnson City, TN for Sale
$1,200,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

707 Carter Sells Rd
Johnson City, TN 37604


HIGHLIGHTS

  • 12 Units Total
  • Recent Renovations Completed in 10 out of 12 Units
  • Located in the Heart of Johnson City Near Key Employers and Retail Amenities

OVERVIEW

PWA Properties is pleased to present this 12-unit apartment community located in Johnson City, TN. The property consists of ten 2-bedroom / 1-bath units and two 1-bedroom / 1-bath units. Significant capital improvements have been completed over the past five years, including a new roof, updated HVAC systems, electrical panels, and plumbing upgrades. Additionally, all but two units have been fully renovated, creating a strong value-add opportunity through the completion of the remaining unit renovations. Ideally positioned less than two miles from East Tennessee State University and Johnson City Medical Center, the property benefits from proximity to two of the area’s largest employment and demand drivers. Its central location also provides convenient access to major retail, dining, and transportation corridors.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

12

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

R4

APN/PARCEL ID

053L-B-016.01

ASK ABOUT THIS PROPERTY

Kevin TiptonPWA PropertiesMore Info
865-210-0228

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

Kevin TiptonPWA PropertiesMore Info
865-210-0228

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