201 Sewanee Street
Knoxville MSA Value-Add Portfolio | Oak Ridge Corridor + Blount County
Marketing description
MMG Real Estate Advisors is pleased to present Sewanee Street Apartments, a 12-unit, stabilized workforce multifamily community located in Harriman, Tennessee, in the heart of Roane County. The property offers investors a rare combination of in-place cash flow and clearly defined mark-to-market upside in a submarket sitting directly in the path of one of the most concentrated nuclear-energy investment waves in the United States. With major capital systems already addressed, a light cosmetic value-add plan remaining, and in-place rents set well below prevailing submarket comparables, the property offers the next owner immediate income, embedded rent growth, and operational upside without the execution risk of lease-up or a heavy renovation program.
Sewanee Street Apartments is situated at 201 Sewanee Street, along the I-40 corridor roughly 35 miles west of downtown Knoxville and within the broader Knoxville MSA (~952,000 residents). Harriman sits between the Tennessee River to the south and the Oak Ridge Corridor to the north, where more than $8 billion of committed private capital across named Roane County projects is set to reshape the region’s employment base. Against a fixed local apartment inventory with zero units under construction, Sewanee Street is positioned to be a primary beneficiary of the renter demand this investment wave will generate for years to come.
Investment highlights
- Path of the $8 Billion+ Oak Ridge Nuclear Corridor Investment Wave
- Static Supply Pipeline – Zero Units Under Construction Across the Submarket
- Significant Mark-to-Market Rental Upside Relative to Submarket Comps
- Major Capital Already Addressed – Light, Cosmetic-Driven Value-Add Remaining
- Stabilized In-Place Operations with Day-One Positive Cash Flow
- Attainable Going-In Basis Relative to Recent Area Trades
- I-40 Corridor Connectivity – ~35 Minutes to Downtown Knoxville
- Growing Knoxville MSA – One of the Region’s Most Attainable Price Points
- Deal Room: https://mintrdsewaneest.sharplaunch.com/
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