Tazewell Flats Multi-Family FOR SALE


Tazewell, TN
$1,100,000 USD
615-973-5373
, Tazewell, TN for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/44
null | 7.78% Cap Rate

Tazewell Flats
Tazewell, TN


HIGHLIGHTS

  • The property is located adjacent to Claiborne Medical Center, the county’s primary hospital, operated by Covenant Health, a major local employer
  • Centrally positioned within Tazewell near major employers retail and essential services supporting consistent rental demand
  • 14-unit community featuring a mix of one- and two-bedroom floor plans
  • Roofs replaced two years ago providing long-term durability and minimal near-term capital needs
  • Brand-new PTAC and mini-split systems installed two years ago replacing outdated HVAC units
  • The two buildings on 1702 Eppes Street are built on a slab foundation, and the building at 1710 Eppes Street is built atop a crawlspace

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/193387/tazewell-flats Seller financing available, contact listing agents for deal terms. Marcus & Millichap has been selected to exclusively market for sale the Tazewell Flats in Tazewell, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-demand, low-inventory East Tennessee submarket The Tazewell Flats are a 14-unit multifamily community in Tazewell, Tennessee, featuring a mix of one- and two-bedroom units across two buildings. The property is located adjacent to Claiborne Medical Center, a major local employer, providing stable workforce housing demand. Recent improvements include new roofs and updated PTAC and mini-split systems, minimizing near-term capital needs. The on-site laundry facility is partially operational, offering potential for additional income, and city-provided trash service further reduces expenses. With self-management currently in place, the property presents a strong value-add opportunity in a stable East Tennessee market with affordable living costs and limited multifamily supply. 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 Tazewell Flats.

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.