Multi-Family•Low-Rise/Garden•For Sale

East Ridge Apartments

345 McVey Road, Tazewell, Tennessee 37879

Sale Price $2,000,000
Sale Type Investment
Year Built 1983
Vacancy 93%
Gross Bldg 51,580 SqFt
Land Area 7 Acres
Project Size 56
East Ridge Apartments offers a stabilized income-generating property with renovation upside in a good rural market. The local area features a successful community college and many long-tenured industrial employers. Built in 1983, the complex features 4 apartment buildings and an office/coin laundry building across 7 acres. There are 56 units in the complex, 44 two-bedroom and 12 one-bedroom (all in Building 4). All 4 buildings are a mix of market-rate, HUD (Project-Based Section 8)-supported, RDA (Rural Development Authority)-supported, and ETHRA (East Tennessee Human Resource Agency)-supported units. East Ridge is conveniently located on beautiful, rolling farmland one mile east of downtown Tazewell, the county seat of Claiborne County, Tennessee. Nearby employers within Claiborne County include: DeRoyal Industries (surgical appliances), Vulcan Materials, Sumiriko (automotive parts), and many others.
3/12/2019 6:40:48 PM 3/12/2019 6:47:06 PM

LEAVE A MESSAGE

0/100
Human? type 371 below...
dummy toaster to trick _toastr script loaded by scripts.js Show Default