Listed by PWA Properties
$1,150,000
707 Carter Sells Rd
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,650
Units 12
NOI $70,512
Tenancy Multi
Year Built 1961
Buildings 1
Acreage 0.520
Investment Type Value Add
Value Add Opportunity | Johnson City, TN
Marketing description
PWA Properties is pleased to present this 12-unit apartment community
located in Johnson City, TN. The property consists of ten 2-bedroom / 1-bath
units and two 1-bedroom / 1-bath units. Significant capital improvements
have been completed over the past five years, including a new roof, updated
HVAC systems, electrical panels, and plumbing upgrades. Additionally, all but
two units have been fully renovated, creating a strong value-add opportunity
through the completion of the remaining unit renovations. Ideally positioned
less than two miles from East Tennessee State University and Johnson City
Medical Center, the property benefits from proximity to two of the area’s
largest employment and demand drivers. Its central location also provides
convenient access to major retail, dining, and transportation corridors.
Investment highlights
- 12 Units
- Recent Renovations Completed in 10 out of 12 Units
- Located in the Heart of Johnson City Near Key Employers and Retail Amenities
Listing Contacts
Listed by PWA Properties
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,512.00
$5,876.00/mo
Valuation Metrics
0
DSCR
6.13%
Cap Rate
6.13%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Is there information that looks off?
