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707 Carter Sells Rd 12 Unit Apartment Building $1,200,000 ($100,000/Unit) Johnson City, TN 37604
Investment Highlights
- 12 Units Total
- Located in the Heart of Johnson City Near Key Employers and Retail Amenities
- Recent Renovations Completed in 10 out of 12 Units
Executive Summary
PWA Properties is pleased to present this 12-unit apartment community located in Johnson City, TN. The property consists of ten 2-bedroom / 1-bath units and two 1-bedroom / 1-bath units. Significant capital improvements have been completed over the past five years, including a new roof, updated HVAC systems, electrical panels, and plumbing upgrades. Additionally, all but two units have been fully renovated, creating a strong value-add opportunity through the completion of the remaining unit renovations. Ideally positioned less than two miles from East Tennessee State University and Johnson City Medical Center, the property benefits from proximity to two of the area’s largest employment and demand drivers. Its central location also provides convenient access to major retail, dining, and transportation corridors.
Property Facts
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $100,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.52 AC |
| No. Units | 12 | Building Size | 7,650 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Zoning | R4 | ||
| Price | $1,200,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.52 AC |
| Building Size | 7,650 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 10 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 053L-B-016.01 | Improvements Assessment | $229,120 |
| Land Assessment | $16,200 | Total Assessment | $245,320 |
Property Taxes
Parcel Number
053L-B-016.01
Land Assessment
$16,200
Improvements Assessment
$229,120
Total Assessment
$245,320
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707 Carter Sells Rd
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