Se Connecter/S’inscrire
Votre courriel a été envoyé.
1547 Milligan Hwy
Johnson City, TN 37601
Milligan View Apartments · Immeuble residentiel Propriété À vendre
·
28 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Rents range from $725 to $1,100 creating natural rent segmentation and upside potential.
- Recent capital expenditures consist of repaving, renovating decks, renovating units, and new signage
- Roofs were replaced in 2018
- In the past 36-months current ownership has spent $99,114 in capital expenditures.
- The property is served by municipal water and a private on-site septic system
Résumé de l'annonce
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/302622/milligan-view-apartments
Marcus & Millichap has been selected to exclusively market for sale the Milligan View 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.
Milligan View Apartments is a 28 unit multifamily asset in Johnson City offering immediate in place cash flow with operational upside through unit upgrades and utility efficiencies. The property has benefited from nearly $100,000 in recent capital improvements including paving, deck renovations, unit updates, and exterior upgrades, reducing near term capital needs. A portion of the unit mix includes central HVAC and washer and dryer hookups, supporting tenant retention and long term occupancy stability. Additional upside exists through restructuring owner paid utilities and continuing interior improvements across the remaining units.
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 Milligan View Apartments.
Marcus & Millichap has been selected to exclusively market for sale the Milligan View 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.
Milligan View Apartments is a 28 unit multifamily asset in Johnson City offering immediate in place cash flow with operational upside through unit upgrades and utility efficiencies. The property has benefited from nearly $100,000 in recent capital improvements including paving, deck renovations, unit updates, and exterior upgrades, reducing near term capital needs. A portion of the unit mix includes central HVAC and washer and dryer hookups, supporting tenant retention and long term occupancy stability. Additional upside exists through restructuring owner paid utilities and continuing interior improvements across the remaining units.
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 Milligan View Apartments.
Faits sur la propriété
| Prix par unité | 131 579 $ CAD | Style d’appartement | Jardin |
| Type de vente | Investissement | Classe d’immeuble | B |
| Taux de capitalisation | 6,34% | Taille du lot | 1,31 AC |
| Nombre d’unités | 28 | Taille du bâtiment | 20 297 pi² |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction | 1973 |
| Prix par unité | 131 579 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,34% |
| Nombre d’unités | 28 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | B |
| Taille du lot | 1,31 AC |
| Taille du bâtiment | 20 297 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1973 |
Commodités
Commodités du site
- Sans ascenseur
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 11 | - | 551 |
| 2+1 | 4 | - | 750 |
| 2+1.5 | 13 | - | 864 |
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 314 471 $ CAD | |
| Évaluation du terrain | 60 962 $ CAD | Évaluation totale | 375 433 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
60 962 $ CAD
Évaluation des bâtiments
314 471 $ CAD
Évaluation totale
375 433 $ CAD
1 de 51
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
