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Buffalo Trail Apartments 2215 Buffalo Trl Immeuble residentiel 17 lots 1 035 444 € (60 908 €/Lot) Taux de capitalisation 8,14 % Morristown, TN 37814
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Located in Morristown, TN, a growing Lakeway region city with strong manufacturing and logistics industries supporting long-term rental demand.
- One unit is currently offline, presenting immediate value-add potential through renovation and lease-up.
- Positioned near major employers and industrial parks, ensuring a consistent tenant base and occupancy stability.
- Opportunity to increase rents through interior upgrades and enhanced amenities.
- Current ownership has invested $60,000 in capital improvements over the past 36 months.
Résumé analytique
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/197249/buffalo-trail-apartments
Marcus & Millichap has been selected to exclusively market for sale the Buffalo Trail Apartments in Morristown, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in Northeast Tennessee.
Buffalo Trail Apartments is a 17-unit community in Morristown, TN, offering a mix of one- and two-bedroom floor plans with strong value-add potential. The property benefits from proximity to major employers and industrial parks, ensuring stable rental demand, and provides convenient access to US-11E and I-81 for connectivity to Knoxville and Johnson City. Recent capital improvements of $60,000 reduce near-term maintenance risk, while opportunities remain to increase rents through interior upgrades and amenity enhancements. Classic 1935 architecture, individual utility metering, and a manageable property size further enhance operational efficiency and long-term upside.
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 Buffalo Trail Apartments.
Marcus & Millichap has been selected to exclusively market for sale the Buffalo Trail Apartments in Morristown, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in Northeast Tennessee.
Buffalo Trail Apartments is a 17-unit community in Morristown, TN, offering a mix of one- and two-bedroom floor plans with strong value-add potential. The property benefits from proximity to major employers and industrial parks, ensuring stable rental demand, and provides convenient access to US-11E and I-81 for connectivity to Knoxville and Johnson City. Recent capital improvements of $60,000 reduce near-term maintenance risk, while opportunities remain to increase rents through interior upgrades and amenity enhancements. Classic 1935 architecture, individual utility metering, and a manageable property size further enhance operational efficiency and long-term upside.
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 Buffalo Trail Apartments.
Informations sur l’immeuble
| Prix | 1 035 444 € | Classe d’immeuble | C |
| Prix par lot | 60 908 € | Surface du lot | 0,79 ha |
| Type de vente | Investissement | Surface de l’immeuble | 908 m² |
| Taux de capitalisation | 8,14 % | Occupation moyenne | 100% |
| Nb de lots | 17 | Nb d’étages | 1 |
| Type de bien | Immeuble residentiel | Année de construction/rénovation | 1935/2010 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,17/1 000 m² |
| Style d’appartement | De faible hauteur | ||
| Zonage | R-2 - Multi-Family Residential | ||
| Prix | 1 035 444 € |
| Prix par lot | 60 908 € |
| Type de vente | Investissement |
| Taux de capitalisation | 8,14 % |
| Nb de lots | 17 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,79 ha |
| Surface de l’immeuble | 908 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 1 |
| Année de construction/rénovation | 1935/2010 |
| Ratio de stationnement | 0,17/1 000 m² |
| Zonage | R-2 - Multi-Family Residential |
Caractéristiques
Caractéristiques du lot
- Climatisation
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 14 | - | 50 - 70 |
| 2+1 | 3 | - | 70 - 88 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Taxes foncières
| Numéro de parcelle | 025-019.00 | Évaluation des aménagements | 251 544 € |
| Évaluation du terrain | 57 226 € | Évaluation totale | 308 769 € |
Taxes foncières
Numéro de parcelle
025-019.00
Évaluation du terrain
57 226 €
Évaluation des aménagements
251 544 €
Évaluation totale
308 769 €
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
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Carte
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Présenté par
Buffalo Trail Apartments | 2215 Buffalo Trl
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