Potential Multi-Family Investment Opportunity

Vacant Land for Sale
Catylist Listing ID: 30755351
Property Subtypes: Multi-Family
Gross Land Area: 11.50 Acres
Sale Price: $1,850,000
Unit Price: $160,869 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2021

Overview / Comments

Attention Multi-Family developers, builders, and investors. This is a great opportunity for an investment within the planned community of Willow Creek. Complete with amenities, fitness center, basketball courts, tennis courts, swimming pool, playground, small conference rooms, and over 4 miles of walking trails. This acreage has been master-planned with completed construction drawings, site plans, engineering plans, utility plans, etc. All entitlements have been approved by the City of Sweetwater and the State of Tennessee for a 100 unit Multi-Family Apartment Complex. Call today to discuss this opportunity.

Additional Details

Nearest MSA: Athens
County: Monroe
Taxing Authority: Monroe County
Tax ID/APN: 23O A 001.02
Zoning: TND
Property Visibility: Excellent
Largest Nearby Street: HWY 68
Part of Planned Development?: Yes
Development Name: Willow Creek
In Flood Plain?: Yes
Topography: Level
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,204 6,861 14,168
Median Age: 42.37 42.44 41.16
Households: 503 2,789 5,629

Contact

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