Multifamily (Multi-Family)

722 Old Stage Rd
Church Hill, TN 37642

Map & Directions

2 Story

FOR SALE – An offer has been accepted, BUT there are contigencies.

Price: $1,295,000 Price Per ft²: $103.06 List Date: 2023-01-06 DOM: 26
City Tax: $2,412 County Tax: $5,814Expenses Include: All Utilities, Property Insurance, Repairs and Maint, See Remarks, WasteUtilities Expenses: $

Year Built: 1998

Total Area: 12,566 ft² (Finished & Unfinished)

Lot Size: 0.92 acre(s) Lot Dimensions: 170x213x134x40x221 Topography: Rolling Slope

Heating: Central, Heat Pump Cooling: Central Air, Heat Pump Water & Sewage: Public

Description

Newer built brick apartment building with TONS are capital improvements that's an investors DREAM to own! Cash flow pro-forma at 12 CAP!!! Want to buy a property with virtually no deferred maintenance? Well..... here it is!!13 units all of which are 2 bedrooms. 9 are townhouses that are 2 bedrooms 1.5 baths and the bottom 4 units are 2 bedrooms 1 bath with a large double vanity bathroom.Individually metered for water and electric, new windows(over $20k), new porches, most heat pumps have been replaced, and blacktop on the topside has been completely redone($25k). 2 flats downstairs have new paint, carpet, etc Plumbing access through the breezeway is fantastic! Two access points to pressure reducer valves, etc, sewer, etc. EASY! Yes, rents are low, but are coming up. There are 3 vacant units. 2 of which are flats on the bottom that have tenants moving in at $975 and $995. They were just completed. The townhouse unit #1 should rent for $1075 and would be ready end of January/early February.MULTIPLE OFFERS DUE IN TUESDAY JANUARY 17th BY 4PM!!!Buyer/Buyer's agent to verify