140 Tacoma Rd Oak Ridge, TN 37830
Multifamily investment in Oak Ridge with value-add opportunity.
Building Details
- Year built
- 1943
Source:
Naiglobal
Listing Agent: Heidi Adams
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oak Ridge Multifamily Investment Portfolio
This multifamily investment portfolio is located in Oak Ridge, Tennessee, and includes six quadplexes, along with a newly constructed management office, laundry facility, and maintenance shop. Five of the six buildings have been renovated and are currently occupied. The sixth building is ready for enhancements, presenting a value-add opportunity. The property is situated in the heart of Oak Ridge, near the Oak Ridge National Laboratory and Y-12 National Security Complex, which drive a strong local economy and attract top talent. The multifamily market maintains high occupancy due to the transient nature of the employment base in Oak Ridge. The laundry facility provides an added income source, and the management and maintenance areas offer convenience for ownership. The property is almost completely renovated and stabilized with market rents.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Oak Ridge
- County
- Anderson
- State
- Tennessee
- Longitude
- -84.22537
- Latitude
- 36.035442
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FAQs
What type of property is this?
Quadplex - Multifamily investment in Oak Ridge with value-add opportunity.
Where is this quadplex located?
The property is located at 140 Tacoma Rd Oak Ridge, TN.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: - Portfolio of six quadplexes in Oak Ridge, Tennessee, offering a significant investment opportunity.; - High occupancy rates due to the strong local economy.; - Five of the six buildings are renovated and occupied, providing immediate cash flow.
