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1484 Milligan Hwy
Johnson City, TN 37601
West Haven Apartments · Immeuble residentiel Propriété À vendre
·
24 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Strong occupancy supported by consistent leasing demand and multiple recent move-ins
- Recent capital expenditures consist of new signage, unit renovations, and replacing the roof (2025)
- Slab construction with copper and PVC water lines
- In the past 36-months current ownership has spent $104,164 in capital expenditures
- All units include washer and dryer connections with many units already containing machines
- Copper wiring used throughout the property
Résumé de l'annonce
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/302624/west-haven-apartments
Marcus & Millichap has been selected to exclusively market for sale the West Haven Apartments. This offering provides investors with a rare opportunity to acquire a value-add multifamily property in the highly sought-after Tri-Cities region of Tennessee.
West Haven Apartments is a 24 unit multifamily asset in Johnson City offering stable in place cash flow supported by strong occupancy and steady leasing demand. Ownership has invested over $100,000 in recent capital improvements, including a new roof, unit renovations, and exterior upgrades, reducing near term capital requirements. All units feature tenant paid utilities, driving efficient operations and expense control. Consistent unit upgrades and in unit washer and dryer hookups support tenant retention while providing a clear path for continued rent growth.
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 West Haven Apartments.
Marcus & Millichap has been selected to exclusively market for sale the West Haven Apartments. This offering provides investors with a rare opportunity to acquire a value-add multifamily property in the highly sought-after Tri-Cities region of Tennessee.
West Haven Apartments is a 24 unit multifamily asset in Johnson City offering stable in place cash flow supported by strong occupancy and steady leasing demand. Ownership has invested over $100,000 in recent capital improvements, including a new roof, unit renovations, and exterior upgrades, reducing near term capital requirements. All units feature tenant paid utilities, driving efficient operations and expense control. Consistent unit upgrades and in unit washer and dryer hookups support tenant retention while providing a clear path for continued rent growth.
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 West Haven Apartments.
Faits sur la propriété
| Prix par unité | 124 024 $ CAD | Style d’appartement | Jardin |
| Type de vente | Investissement | Classe d’immeuble | C |
| Taux de capitalisation | 6,38% | Taille du lot | 2,00 AC |
| Nombre d’unités | 24 | Taille du bâtiment | 20 160 pi² |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction | 1993 |
| Prix par unité | 124 024 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,38% |
| Nombre d’unités | 24 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 2,00 AC |
| Taille du bâtiment | 20 160 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1993 |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Bain/Douche
Commodités du site
- Accès 24 heures
- Gestionnaire d'immeuble sur place
- Pistes cyclables/Piétonnières
- Transport en commun
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 24 | - | 840 |
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 302 489 $ CAD | |
| Évaluation du terrain | 50 531 $ CAD | Évaluation totale | 353 021 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
50 531 $ CAD
Évaluation des bâtiments
302 489 $ CAD
Évaluation totale
353 021 $ CAD
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