Imagine buying an apartment complex 20 minutes from Knoxville where it will immediately bring in money from half of the units while you finish up the other half.
That’s what we are offering in Strawberry Plains!!!
Ready to buy your first apartment complex?
Or do you want to tackle a fun VALUE ADD project this summer?
Then we have a great deal for you!
Landmark Apartments, LLC is for SALE!
We’re selling the whole business with the real estate attached.
What does that mean exactly?
We’re selling 8 years of tax returns, services, leases, bank records and the PROPERTY!
This is a great strategy for new investors looking for an established business.
You can jump-start your portfolio by taking on our experiences over the last 8 years of owning and operating this complex.
We will warn you- this property needs WORK.
4 of the 5 basement units have been gutted.
It is down to the studs so you can see everything!
1 of the 6 upstairs units is ALMOST remodeled but not quite rent ready.
So, 5 of the 11 units need your attention.
And wait- there’s more!
We are willing to OWNER FINANCE to a qualified Buyer.
25% down, 30 year amortization with a 5 year balloon depending on credit score and past real estate experience. 9% interest for qualifying Buyers.
OR MAKE US A BETTER OFFER!
Feel free to drive by Landmark Apartments in Strawberry Plains.
Please do not disturb the tenants. Rent rolls, pro forma numbers, leases, maintenance records, taxes, EVERYTHING can and will be provided after LOI or Purchase and Sale Agreement.
7,828 sq ft of the BUILDING taken from the tax records. 78,408 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage.
Water is paid for by the owner. Other utilities in tenant name.
Send us your offers ASAP!
2570 W Highway 11E Strawberry Plains TN
11 units: 6 occupied 5 units need attention
Owner/ Agent representing herself/ partners
Whitney Nicely East- Principal Broker
865 Investors, LLC formerly Whitney Buys Houses, LLC
Office- 865-309-4500
Cell- 865-309-5700
Email- info@whitneynicely.com
Agent Notes:
Pro Forma Cap Rate: 9.98%
Pro Forma NOI: $69,768
Current Cap Rate: 3.04%
Current NOI: $21,263
7,828 sq ft of the BUILDING taken from the tax records. 78,408 sq ft of PROPERTY taken from the tax records. Buyer to verify square footage.
Water is paid for by the owner. Other utilities in tenant name.
Owner/ Agent representing herself/ partners
Whitney Nicely East- Principal Broker
865 Investors, LLC formerly Whitney Buys Houses, LLC
Office- 865-309-4500
Cell- 865-309-5700
Email- info@whitneynicely.com
https://www.whitneybuyshouses.com/property/11-unit-apartments-coming-soon/