BEDS0
BATHS
SQUARE FEET9,503
MLS#1360218
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
VALUE ADD OPPORTUNITY - 17 UNITS - 8.3 CAP RATE - $1.2 MILLION - MORRISTOWN TNBuffalo Trail Apts are well located on a 2 acre corner lot offering plenty of on-site parking and great road signage with a traffic count of nearly 10,000 cars per day. Additionally, all units are separately metered for water and electric with tenants paying all charges. Buffalo Trail is conveniently located just steps from Walmart, local shops, popular restaurants, Cherokee Lake, US-11E, and I-81. Current ownership has invested over $60,000 in capital improvements over the past 36 months, with additional upside available through interior upgrades, enhanced amenities, and increased rents. With a manageable 17-unit size, established local demand, and opportunities to improve rents, Buffalo Trail Apartments presents an attractive value-add investment in East Tennessee. All showings by appointment only.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Fuel Type: Electric
Heating: Central, Electric
Lot Size: 1.95 Acres
Year Built: 1935
Feature Descriptions
Appliances: Range, Refrigerator
Days on Site: 1
Exterior: Stucco, Frame
Flooring: Laminate, Tile
Lot Dimensions: 242x372x137
Parcel #: 025 01900 000
Parking: On Premise Parking
SQFT Total: 9503
Units: 17
Listed By / Shown By
Listed By
Agency Name: Goldman Partners Realty, LLC
Shown By
Agent Name: Sarah Alvey
Agent Phone: (865) 322-1101
Agency Title: Franklin Realty Inc.
Estimate Your Payment
Estimated Payment
$ 7,707.27 per month $7,357.27 Principal & Interest $0.00 Property Tax (data not provided by mls) $350.00 Homeowner's Insurance
2215 Buffalo Tr | MLS# 1360218
This multi-family property located at 2215 Buffalo Tr, Morristown, TN 37814 is currently listed for sale with an asking price of $1,200,000. Search Morristown real estate on salvey.franklinrealty.com today.