506 Ellis st - Apartments FOR SALE


Jefferson City, TN 37760
$4,850,000 USD
865-603-9887
506 Ellis st, Jefferson City, TN for Sale
$4,850,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

506 Ellis st
Jefferson City, TN 37760


HIGHLIGHTS

  • Walking distance to Carson-Newman University
  • Near Growing Downtown Jefferson City
  • 100% Occupied
  • Voted Best Apartment Complex in 2024 Jefferson County Standard Banner Readers' Choice Awards

OVERVIEW

SVN | Wood Properties is pleased to exclusively present Maplecrest Square Apartments. These 34 units are 100% occupied and centrally located in Jefferson City, Tennessee. Sixteen units are 2 bed / 1.5 bath and eighteen are 2 bed / 2.5 bath townhouse style units. The property has historically been fully occupied and there is ability to further increase rents. Significant capital expenditures totaling $492,000 have been made with 23 of the 34 units being recently renovated. All roofs were replaced in 2018 and 2021. The townhomes are individually metered for electric and water / sewer with tenants paying all utilities. The flat style units are individually metered for electric with water / sewer on one meter. The water / sewer bills for the flat style units are billed back to the tenants. There are washer / dryer hookups in each unit. Additionally, there is a bark park and picnic area on site. For more information, please visit the documents tab linked here: https://svnwood.com/inventory/?propertyId=1462772-sale

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

34

PRICE/UNIT

$142,647

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maplecrest Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,385 SF

ZONING

-

APN/PARCEL ID

024H-A-010.00

ASK ABOUT THIS PROPERTY

Cohl MorganSVN | Wood PropertiesMore Info
865-603-9887

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Cohl MorganSVN | Wood PropertiesMore Info
865-603-9887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.