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10-Unit Apartment Property

8511 HIWASSEE ST NW, Charleston, TN 37310

For Sale
New
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Two residential buildings are fully leased, with separate campground and RV pads on the property.

Property SizeContact for details
Days on Market4

Property Features for 8511 HIWASSEE ST NW

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Units

Multifamily Units 10
RV Sites 2

Additional Details

Tenant in Place Yes

Building Details

Buildings 2
Listing Agency: Provision Real Estate and Property Management, LLC
Listed By: Dennis Opp
Source: Crexi
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 5:04PM

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 Provision Real Estate and Property Management, LLC

Rey
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Investment Insights

Based on property information with market context.

This multifamily property comprises two apartment buildings with five units apiece. All 10 apartments are leased. The site also includes two designated campground/RV pads, adding a separate accommodation component to the property. A recent survey has been completed.

The property is described as having room for another apartment building, subject to approvals and permits. Additional land is available for potential development. Tenants’ rights apply, and tenants should not be disturbed.

Key Highlights

  • Two apartment buildings, each containing 5 units
  • All 10 residential units are currently leased
  • Includes 2 campground/RV pads

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

10
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

119
Businesses Nearby

Demographics for 37310, TN

4,384
Population
1,736
Households
2.5
Avg Household Size
45
Median Age
10%
College-Educated
90%
High-School Grad
42.7 sq mi
ZIP Area
103
Density / Sq Mi
$76,401
Median Household Income
$42,090
Median Earnings
$848
Median Rent
$223,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two residential buildings are fully leased, with separate campground and RV pads on the property.
Where is this apartment building located?
The property is located at 8511 HIWASSEE ST NW Charleston, TN.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two apartment buildings, each containing 5 units; All 10 residential units are currently leased; Includes 2 campground/RV pads
(423) 693-0301 Call to check price and availability
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