3600 Shirl Jo Ln
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3600 Shirl Jo Ln
8 Unit Apartment Building $1,325,000 ($165,625/Unit) East Ridge, TN 37412
Investment Highlights
- Situated in the vibrant area of East Ridge, just minutes from local amenities, parks, shopping, and major transportation routes.
- Five units have been beautifully updated with modern finishes.
- Fresh landscaping enhances the property’s exterior, creating an inviting atmosphere for residents and guests.
- Benefit from a consistent income stream with established tenants and high occupancy rates.
- Plumbing has been upgraded, providing peace of mind for future maintenance and tenant satisfaction.
- Convenient on-site parking for tenants, ensuring ease of access.
Executive Summary
SVN | Second Story is pleased to introduce this prime Investment opportunity at Riverstone Apartments, located in the vibrant East Ridge area. Boasting 8 units, this property offers an attractive unit mix of spacious 2-bedroom units. 5 out of the 8 have been fully renovated, achieving top of market rents. Each unit is thoughtfully designed to provide both functionality and comfort, ensuring a desirable living experience for tenants. The units have been updated with modern finishes, including LVP flooring, fresh paint, new kitchen cabinets, stainless steel appliances, LED bath mirrors, and renewed wood balconies, enhancing appeal to potential tenants. With its convenient access to amenities and transportation, this property is primed to attract tenants looking for convenience and connectivity. The property provides ample parking, grill/picnic area, close proximity to Downtown and Hamilton Place, and remaining upside for the new owner. This is a great opportunity for investors seeking a renovated, low maintenance building that attracts reliable, long-term tenants seeking the best, affordable place to live.
This apartment building is not just a property; it’s a gateway to a lucrative investment in a promising location. Don’t miss your chance to add this gem to your portfolio!
This apartment building is not just a property; it’s a gateway to a lucrative investment in a promising location. Don’t miss your chance to add this gem to your portfolio!
Property Facts
Price | $1,325,000 | Lot Size | 0.64 AC |
Price Per Unit | $165,625 | Building Size | 8,056 SF |
Sale Type | Investment | Average Occupancy | 100% |
No. Units | 8 | No. Stories | 2 |
Property Type | Multifamily | Year Built/Renovated | 1975/2024 |
Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
Building Class | C |
Price | $1,325,000 |
Price Per Unit | $165,625 |
Sale Type | Investment |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.64 AC |
Building Size | 8,056 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1975/2024 |
Parking Ratio | 1.24/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 8 | - | 1,007 |
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PROPERTY TAXES
Parcel Number | 168K-L-018.05 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $185,480 |
PROPERTY TAXES
Parcel Number
168K-L-018.05
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$185,480
zoning
Zoning Code | R-2 |
R-2 |
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3600 Shirl Jo Ln
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