Ridgeview Townhomes

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30796819
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 30 Units
Building Size (RSF): 33,000 SF
Sale Price: $2,800,000
Unit Price: $93,333.33 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/15/2022

Overview / Comments

First time on the market! Ridgeview Townhomes features 30 townhouse style units. All units are 2 BR 1.5 BA with washer dryer connections. 10 units have basements for extra storage while 8 units have basements with a one car garage. Tenants pay all of their own utilities. With cosmetic upgrades, rents can be increased more than $200 dollars per unit. The property is 10 minutes from Bristol Motor Speedway and 20 minutes from Downtown Johnson City.

Tour Date: 4/13/2022
Offers Due: 4/15/2022

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Percent Occupied: 100%
Total Number of Buildings: 5
Property Condition: Good
Year Built: 1995
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,822 8,729 22,892
Median Age: 37.63 42.65 43.37
Households: 757 3,613 9,452


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