3500 Timberlake Rd, Johnson City, TN 37601

SVN | Wood Properties is proud to present Buffalo Ridge Apartments, a great value-add opportunity for investors. Three two story all brick buildings make up 62 units. Two of the buildings, or 37 units, have been totally gutted, renovated and leased. The remaining 25 units in the third building have been gutted but not renovated. On the exterior, all three buildings have brand new decking. The seller has been delivering 3-4 units per month but demand for units has far outpaced supply. The tenants pay their own electric while the landlord pays water and sewer. Tenants enjoy beautiful views of the mountains and easy access to public transportation with a bus stop at the corner of the property. Johnson City, located near the eastern tip of Tennessee, is part of the region known as the "Tri-Cities". Johnson City has recently been in the national news. In 2018, Livability.com named Johnson City as one of the top 100 places to live. U-Haul just announced that Johnson City ranked 12th on their "2020 U-Haul Growth Cities" list. Buffalo Ridge Apartments is within ten minutes of East Tennessee State University, which has a total enrollment of over 14,000 students. Major healthcare providers are also minutes away, such as James H. Quillen VA Medical Center, Ballad Health, and Frontier Health, which employee a combined 12,000 people. Also conveniently located nearby are numerous retailers and restaurants. -Value-add -All Brick Buildings -Large Capital Expenditures Complete -Located in One of America's Fastest Growing Cities