Oak Ridge Small Multifamily Investment
$1,525,000
Royce Circle, Oak Ridge, TN 37830
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 02/29/2024
7.7
Cap Rate
117,355
NOI
Details:
Cap Rate: 7.7%
NOI: $117,355
Building Size: 8,890 sqft
Lot Area: 2.357 acres
Units: 10
Year Built: 1970
Floors: 2
Highlights:
- Updated units
- Immediate cash flow
- Growing area
- Demonstrated need for rental properties
Description:
Almost wholly renovated 10-unit multifamily investment in the heart of Oak Ridge. Nine of ten units have been completely updated, including plumbing, electrical, new kitchens and baths, and LVP flooring.
Located near the intersection of Oak Ridge Turnpike and N. Illinois Avenue, the Royce Apartments provide residents with a central Oak Ridge location. The property is within walking distance of Willow Brook Elementary School and Robertsville Middle School, making it an ideal location for young families.
Documents:
| Title | ||
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| NEW_Offering_Memorandum__L_.pdf |
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Location
Gallery
