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Tazewell Flats 2 Multifamily Properties Offered at $1,522,950 CAD in Tazewell, TN
INVESTMENT HIGHLIGHTS
- The property is located adjacent to Claiborne Medical Center, the county’s primary hospital, operated by Covenant Health, a major local employer
- 14-unit community featuring a mix of one- and two-bedroom floor plans
- Brand-new PTAC and mini-split systems installed two years ago replacing outdated HVAC units
- Centrally positioned within Tazewell near major employers retail and essential services supporting consistent rental demand
- Roofs replaced two years ago providing long-term durability and minimal near-term capital needs
- The two buildings on 1702 Eppes Street are built on a slab foundation, and the building at 1710 Eppes Street is built atop a crawlspace
EXECUTIVE SUMMARY
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/193387/tazewell-flats
Seller financing available, contact listing agents for deal terms.
Marcus & Millichap has been selected to exclusively market for sale the Tazewell Flats in Tazewell, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-demand, low-inventory East Tennessee submarket
The Tazewell Flats are a 14-unit multifamily community in Tazewell, Tennessee, featuring a mix of one- and two-bedroom units across two buildings. The property is located adjacent to Claiborne Medical Center, a major local employer, providing stable workforce housing demand. Recent improvements include new roofs and updated PTAC and mini-split systems, minimizing near-term capital needs. The on-site laundry facility is partially operational, offering potential for additional income, and city-provided trash service further reduces expenses. With self-management currently in place, the property presents a strong value-add opportunity in a stable East Tennessee market with affordable living costs and limited multifamily supply.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Tazewell Flats.
Seller financing available, contact listing agents for deal terms.
Marcus & Millichap has been selected to exclusively market for sale the Tazewell Flats in Tazewell, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-demand, low-inventory East Tennessee submarket
The Tazewell Flats are a 14-unit multifamily community in Tazewell, Tennessee, featuring a mix of one- and two-bedroom units across two buildings. The property is located adjacent to Claiborne Medical Center, a major local employer, providing stable workforce housing demand. Recent improvements include new roofs and updated PTAC and mini-split systems, minimizing near-term capital needs. The on-site laundry facility is partially operational, offering potential for additional income, and city-provided trash service further reduces expenses. With self-management currently in place, the property presents a strong value-add opportunity in a stable East Tennessee market with affordable living costs and limited multifamily supply.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Tazewell Flats.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $1,522,950 CAD | Number of Properties | 2 |
| Price / SF | $132.64 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.78% | Total Building Size | 11,482 SF |
| Sale Type | Investment | Total Land Area | 0.50 AC |
| Status | Active |
| Price | $1,522,950 CAD |
| Price / SF | $132.64 CAD / SF |
| Cap Rate | 7.78% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,482 SF |
| Total Land Area | 0.50 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1702 Eppes St, Tazewell, TN 37879 | Multifamily | 6,468 SF | 1942 | - |
| 1710 Eppes St, Tazewell, TN 37879 | Multifamily | 5,014 SF | 1900 | - |
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Tazewell Flats
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