132-Unit Apartment Community with Renovated
230 Silver Lake Rd, Church Hill, TN 37642
For Sale
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Residents have access to a pool, fitness center, club room, basketball and tennis courts, and a stocked fishing pond.
Property SizeContact for details
Days on Market32
Property Features for 230 Silver Lake Rd
General Information
Standard status
Property subtype
Occupancy
Net Operating Income
Additional Details
Highway Access
Multifamily Units
Tenant in Place
Amenities
pool
fitness center
club room
basketball court
tennis court
stocked fishing pond
Listing Agency:
Northmarq - Nashville
Listed By:
Adam Klenk
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Nashville
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Investment Insights
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This 132-unit apartment property includes a mix of one-, two- and three-bedroom homes. Ten two-bedroom units in Building E have been renovated, and those upgraded apartments have achieved average monthly rent premiums of more than $130. The community also offers a swimming pool, fitness center, club room, basketball court, tennis court and stocked fishing pond. Ownership has invested $1 million in property improvements in recent years.
The property is at 230 Silver Lake Rd in Church Hill, approximately 10 miles west of downtown Kingsport along the US-11W corridor. Its location places residents within commuting distance of Tri-Cities employers, including Eastman Chemical, Ballad Health and East Tennessee State University.
The property is at 230 Silver Lake Rd in Church Hill, approximately 10 miles west of downtown Kingsport along the US-11W corridor. Its location places residents within commuting distance of Tri-Cities employers, including Eastman Chemical, Ballad Health and East Tennessee State University.
Key Highlights
- 132 apartments in a mix of one-, two- and three‑bedroom layouts
- Ten renovated two‑bedroom units are located in Building E
- Renovated two‑bedroom apartments achieved average rent premiums of $130+ per month
Property Analytics
Who owns this building?
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Lease Details
132
Residential units
97%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
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Business Placement
Demographics for 37642, TN
15,041
Population
6,989
Households
2.2
Avg Household Size
46
Median Age
16%
College-Educated
91%
High-School Grad
56.2 sq mi
ZIP Area
268
Density / Sq Mi
$63,963
Median Household Income
$38,963
Median Earnings
$923
Median Rent
$178,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to a pool, fitness center, club room, basketball and tennis courts, and a stocked fishing pond.
Where is this apartment building located?
The property is located at 230 Silver Lake Rd Church Hill, TN.
What are key features of this property?
This property features: 132 apartments in a mix of one-, two- and three‑bedroom layouts; Ten renovated two‑bedroom units are located in Building E; Renovated two‑bedroom apartments achieved average rent premiums of $130+ per month
