East Ridge Apartments - 96.5% Leased Multifamily Opportunity

Multi-Family for Sale
Catylist Listing ID: 30098065
Property Subtypes: Government Subsidized
Number of Units: 56 Units
Building Size (RSF): 51,580 SF
Gross Building Area: See Agent
Sale Price: $1,700,000
Unit Price: $30,357.14 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 1/21/2020

Overview / Comments

Located one mile east of downtown Tazewell, Tennessee, this multifamily property is a great opportunity.

Additional Details

Nearest MSA: Morristown
County: Claiborne
Tax ID/APN: 013083 01202
Percent Occupied: 965%
Total Number of Buildings: 4
Property Condition: Average
Number of Stories: 2
Year Built: 1983
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Laundry: Shared
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,906 11,591
Median Age: 42.47 40.53
Households: 2,010 4,680


Photograph of Listing Agent

Dan Adkins

Avison Young KAAR CIE Member
Photograph of Listing Agent

James Rick Gentry

Avison Young KAAR CIE Member
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