27 Units - Mosheim, TN

7950 W Andrew Johnson HWY, Mosheim, TN 37818

  • For Sale $2,100,000
  • Property Type Multi-Family
  • Property Size 24,904 SF
  • Units 27
  • Lot Size 3.7 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1986
  • Date Updated Apr 25, 2024
This property is a tremendous value add opportunity located 11 minutes from Greenville, TN, 30 minutes from Morristown, TN, and 1 hour from downtown Knoxville, TN. Mosheim, TN has seen a 22.9% increase in 1 year-over-year population increase in 2020. Besides centrally located between a few larger cities, Mosheim's largest employers include several factories including a Walmart distribution center and a large 3M plant.Laurel Valley Apartments, located at 7950 W Andrew Johnson Hwy, Mosheim, TN 37814, offers 27 units with a mix of (8) 1 bedroom / 1 bathroom units and (19) 2 bedroom / 1 bathroom units. This property is a tremendous value add opportunity located 11 minutes from Greenville, TN, 30 minutes from Morristown, TN, and 1 hour from downtown Knoxville, TN. This property is well positioned for future ownership to implement a value-add strategy across units and bring the rents to market rate. STABILIZED, WITH VALUE ADD OPPORTUNITY Based upon comparable properties throughout the market, investors can underwrite to an average of $220/month+ moving rents to what is market for the area and further with with future renovations.

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Highlights

  • PROPERTY HIGHLIGHTS
  • Onsite office
  • Laundry room
  • Onsite Storage
  • Total Units - 27
  • (8) 1 bedroom / 1 bathroom
  • (19) 2 bedroom / 1 bathroom
  • Property stays 100% occupied and seller usually has a waitlist
  • Value add upside with below market rents
  • Ability to implement a Ratio Utility Bill System (RUBS)
  • The onsite office could be turned into an income producing 28th unit
  • (4) large storage areas that are not being blitzed that could be converted to onsite storage for additional income

Contacts

broker

Jon Roosen

SVN | Wood Properties

(865) 202-6767

Location

Getting Around

  • Walk Score ®

    11/100 Car-Dependent

  • Bike Score ®

    13/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Mosheim, TN
  • Neighborhood Mosheim
  • Zip Code 37818

Points of Interest

  • QuickStop

    6.46 miles

  • Marathon

    6.67 miles

  • Phillips 66

    6.87 miles

  • Gas 'N Go

    9.94 miles

  • General Morgan Inn & Conference Center

    7.10 miles

  • Days Inn by Wyndham Greeneville

    8.30 miles

  • McDonald's

    5.64 miles

  • Taco Bell

    6.39 miles

  • McDonald's

    6.60 miles

  • Wendy's

    6.68 miles

  • Subway

    6.69 miles

  • Hardee's

    6.72 miles

  • Subway

    6.88 miles

  • Monterrey Mexican Restaurant

    6.93 miles

  • Tannery Downtown

    7.16 miles

  • Pizza Inn

    7.64 miles

  • Mosheim Elementary School

    0.46 miles

  • West Greene High School

    1.11 miles

  • Welcome Grove School

    3.16 miles

  • Glenwood Elementary School

    4.56 miles

  • Sinking Springs School

    4.60 miles

  • Greene Vocational Center

    4.71 miles

  • Bible Chapel School

    5.04 miles

  • Ore Bank School

    5.21 miles

  • George Clem School

    6.56 miles

  • Romeo School

    6.67 miles

Frequently Asked Questions

What is the lease rate for 27 Units - Mosheim, TN?

Rental asking rate at 27 Units - Mosheim, TN is $1,050,000.00/YR.

What is the total square footage of 27 Units - Mosheim, TN?

27 Units - Mosheim, TN totals 24,904 square feet.

When was this property built?

27 Units - Mosheim, TN was built in 1986.

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Contact Listing Broker

broker

Jon Roosen

SVN | Wood Properties

(865) 202-6767