INVESTMENT OFFERING
SAB Capital is pleased to present Mountainsite and Hermit Apartments. This is a 60-unit portfolio, where 53 of the units are covered by a Mod Rehab Contract administered by the Elizabethton Housing Authority. The properties current unit mix includes 23 one-bedroom units, and 37 two-bedroom units. Both properties are situated on large parcels, with more than 8.5 acres combined.
- 60-Unit, Mod Rehab Portfolio in Mountain City, TN
- Mod Rehab Contract Covers 53-Units | Administered by the Elizabethton Housing Authority Annually
- Ideal Unit Mix | One and Two Bedroom Units
- Properties are Ideally Located Three Miles Apart
- Large Parcels | Hermit: 2.3 Acres | Mountain Site: 6.35 Acres
Contact John Snee for Full Investment Offering
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Mountain Site & Hermit Apartments | $1,800,000 | 7.27% | Closed |
