1411 G ST Pending Save Request In-Person Tour Request Virtual Tour
Elizabethton,TN 37643
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 9981280
Style Contemporary
Year Built 1980
Lot Size 0.340 Acres
Property Sub-Type Multi Family
Property Description
Turn-Key 9-Unit Multifamily Investment Across from West Side Elementary
Welcome to 1411 W G Street, a fully stabilized and meticulously maintained 9-unit multifamily property ideally located in the heart of Elizabethton, Tennessee. Situated directly across from West Side Elementary School, this high-visibility, in-town location offers both convenience and long-term tenant appeal.
The property has undergone numerous capital improvements, including a new roof installed approximately 18 months ago, updated electrical and plumbing systems, modern siding, and energy-efficient windows. Of the seven HVAC systems serving the building, five are only nine years old, ensuring low maintenance and comfortable living conditions for residents.
The building is currently operating at 100% occupancy with zero delinquency, making it a truly turn-key investment opportunity. Tenants enjoy spacious, well-kept units and a location just minutes from downtown Elizabethton, retail centers, and public transit. The property sits on a 0.34-acre lot.
Zoned for high-density residential or possible commercial use, this asset is ideally suited for investors looking for strong cash flow in a growing market. With all major systems updated and no immediate deferred maintenance, this is a rare chance to acquire a stabilized property with excellent in-place income. The current rent roll brings in $6040/month and will update to $6525 starting July 1st.
Location
State TN
County Carter
Area 0.34
Zoning R3
Interior
Heating Central
Cooling Central Air,Wall Unit(s)
Exterior
Parking Features Asphalt
Roof Type Metal
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools West Side
Middle Schools T A Dugger
High Schools Elizabethton
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional