Mayfield Drive Apartments

Multi-Family for Sale
Catylist Listing ID: 29828017
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 7 Units
Building Size (RSF): 5,272 SF
Gross Building Area: See Agent
Gross Land Area: 1.08 Acres
Sale Price: $334,500
Unit Price: $47,785.71 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2018

Overview / Comments

NEWLY REMODELED! Two units and residence of this property have now been remodeled. This six unit apartment building plus single family residence sits on 1.08 acres off West Walnut near State of Franklin Road intersection. Property consists of five 1-bedroom units, one 2-bedroom unit and 2-story home with 3 bedrooms and 2 baths. Apartments have wall heat with tenants responsible for window AC units. Brick apartment building has 2 year old roof in place with units updated as vacated. Long term tenants with all units currently rented. Property zoned for 14 units total allowing for potential addition of apartments.

Convenient to ETSU, VA and Johnson City Medical Center. Serious and qualified buyers contact agent for financials. OWNER REQUIRES 3 DAY NOTICE FOR ALL SHOWINGS

Additional Details

Nearest MSA: Johnson City
County: Washington
Total Number of Buildings: 2
Construction/Siding: Brick
Heat Source: Wall Units
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Private owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,253 36,352 76,677
Median Age: 39.85 38.13 39.15
Households: 2,717 14,863 32,569
The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.