106 Reeser Rd, Johnson City, TN

$10,200,000

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About 106 Reeser Rd

Buffalo Creek Apartments isa 60-unit value add opportunity located in Johnson City, TN. This property is priced as a finished product but can be bought at a discounted price determined by the phase ofthe renovations.Buffalo Creek Apartments consists of six (10) unit 2 bedroom / 1 bath apartments with a remodeled laundromat space, office building with storage and 8 mini storage units. 5 buildings are townhouse style with 2 bedroom and 1 bath on upper level and kitchen/living area on the main level. The other building consist of single level apartments with 5 units up and 5 units down.Buffalo Creek represents an appealing opportunity to purchase this value-add asset allowing incoming ownership to continuing to renovate existing units, getting rents to market, and generating additional income + equity.

Features of 106 Reeser Rd

MLS® # 1225848
Price $10,200,000
Year Built 1998
Type Multi-Family
Sub-Type Apartment
Status Active

Community Information

Address 106 Reeser Rd
Area Washington County
City Johnson City
State TN
Zip Code 37601

Amenities

Parking On Premise Parking
Has Pool No

Interior

Heating Central
Cooling Central Cooling

Exterior

Construction Frame - Brick

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSVN I Wood Properties

Listing Map

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