South Roan Estates

Multi-Family: Low-Rise
Pending

3000 S Roan St, Johnson CityTN 37601

Property Details

Location

Address
3000 S Roan St, Johnson CityTN 37601
County
Washington
Submarket
Parcels
063G C 01500 000063G

Building Size

Building Size
61,400 SF
Rentable Space
61,400 SF

Building Details

Type
 Multi-Family: Low-Rise  
 Pending
Number of Buildings
12
Number of Units
68
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
2
Year Built
2000
Sprinklers
Yes
Parking Ratio

Land & Utilities

Land (Acres)
5.14 Acres
Land (SF)
223,898 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
R-5
Lot Depth
Lot Width

Contacts

Current Listings

68-Unit Multi-Family Complex

61,400 SF$9,200,000
Cap Rate: 4.94%

South Roan Estates apartments are conveniently located in southeast Johnson City, Tennessee, one of the fastest growing areas in Tennessee. This property is located just four miles from ETSU, three miles from Milligan University, and three miles from downtown Johnson City. The development features a total of 68 units with a combination of one-bedroom, two-bedroom, and three-bedroom layouts. Please see the Offering Memorandum for more details. All units are separately metered for electricity. Most units include water and sewer in the rent; however, the 16 units in the 3000 South Roan Street building are separately metered for water and sewer, and these tenants pay their own water and sewer. Buildings were built between 2000 & 2006.

South Roan Estates apartments are conveniently located in southeast Johnson City, Tennessee, one of the fastest growing areas in Tennessee. This property is located just four miles from ETSU, three miles from Milligan University, and three miles from downtown Johnson City. The development features a total of 68 units with a combination of one-bedroom, two-bedroom, and three-bedroom layouts. Please see the Offering Memorandum for more details. All units are separately metered for electricity. Most units include water and sewer in the rent; however, the 16 units in the 3000 South Roan Street building are separately metered for water and sewer, and these tenants pay their own water and sewer. Buildings were built between 2000 & 2006.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: NETAR

More Information

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