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707 Carter Sells Rd 12 Unit Apartment Building $1,632,885 CAD ($136,074 CAD/Unit) Johnson City, TN 37604
Investment Highlights
- 12 Units Total
- Located in the Heart of Johnson City Near Key Employers and Retail Amenities
- Recent Renovations Completed in 10 out of 12 Units
Executive Summary
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.
Property Facts
| Price | $1,632,885 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $136,074 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.52 AC |
| No. Units | 12 | Building Size | 7,650 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Zoning | R4 | ||
| Price | $1,632,885 CAD |
| Price Per Unit | $136,074 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.52 AC |
| Building Size | 7,650 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 10 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 053L-B-016.01 | Improvements Assessment | $319,764 CAD |
| Land Assessment | $22,609 CAD | Total Assessment | $342,373 CAD |
Property Taxes
Parcel Number
053L-B-016.01
Land Assessment
$22,609 CAD
Improvements Assessment
$319,764 CAD
Total Assessment
$342,373 CAD
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707 Carter Sells Rd
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