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Property Description
This apartment complex was recently renovated down to the studs. All new electrical, plumbing and HVAC was installed. This included the expensive items like water heaters and heat pumps. A new metal roof was installed on each building. The interior is all in great shape. Flooring is ceramic tile and hardwood. No carpet. All this renovation work has resulted in a quality property with very low expenses and strong cash flow. Complex consists of 2 buildings. Each building have 4 2BR/1BA townhouses that currently rent for $750/mo as well as 4 1BR/BA lower units that rent for $550/mo (16 units total). Occupants are responsible for all utilities. Rents are about due for an increase. The 2BR units have full kitchens equipped with stoves, dishwashers, microwaves and refrigerators. The 1 BR units have stoves and refrigerators. The neutral colors and finishes make these attractive units easy to rent. There are separate parking areas for each building. There is an accessory building onsite for supplies and lawn equipment. There is also room on the property to add amenities. This complex is conveniently located just minutes from ETSU and JCMC. Please contact listing agent for all showings and 24 hour notice is required. Financials are are available upon request.

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