7950 W Andrew Johnson HWY

• PROPERTY HIGHLIGHTS
• Onsite office
• Laundry room
• Onsite Storage
• Total Units - 27
• (8) 1 bedroom / 1 bathroom
• (19) 2 bedroom / 1 bathroom
• Property stays 100% occupied and seller usually has a waitlist
• Value add upside with below market rents
• Ability to implement a Ratio Utility Bill System (RUBS)
• The onsite office could be turned into an income producing 28th unit
• (4) large storage areas that are not being blitzed that could be converted to onsite storage for additional income

Property Description

Laurel Valley Apartments, located at 7950 W Andrew Johnson Hwy, Mosheim, TN 37814, offers 27 units with a mix of (8) 1 bedroom / 1 bathroom units and (19) 2 bedroom / 1 bathroom units. This property is a tremendous value add opportunity located 11 minutes from Greenville, TN, 30 minutes from Morristown, TN, and 1 hour from downtown Knoxville, TN. This property is well positioned for future ownership to implement a value-add strategy across units and bring the rents to market rate. STABILIZED, WITH VALUE ADD OPPORTUNITY Based upon comparable properties throughout the market, investors can underwrite to an average of $220/month+ moving rents to what is market for the area and further with with future renovations.