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Contact info

• 423-915-0911 [Office] 

Description

18 great looking apartment units located on a creek in Erwin walking distance to Nuclear Fuels. All units are 1 bed 1 bath with renter paying their own expenses such as water, sewer, cable, and power. Apartments were built in 1996 and are built with mostly brick with a crawl space and front porches on each unit. Landlord performs most of his own maintenance and lives on site. Financials reflect as if a paying renter lived in his unit. Complex stays 100%full all the time as the rents are low for the area and the amenities offered to tenants. Average sq ft per unit is 576 x18 units =10,368 sq ft. Thats a low $67.42 per sq ft including land cost, you cannot built this complex this cheap in todays market. Rents are at $350/month Building price details: $699,000.

Property Details

• Type: Multifamily
• Use Types:Low-Rise/Garden
• Status: Available
• Year Built: 1996
• MSA: Johnson City
• Zoning: Multi Family
• Buildings: 18
• ConstructionBrick

Terms

• Cash to Seller 

Map Locations