1549 Wales Ave, Maryville, TN 37804

Property Description

Wales Apartments includes three buildings that total 40 units. There are 19 2 BD / 1.5 BA units, 20 1 BD / 1 BA units, and 1 studio. Significant capex has been completed including 16 units renovated. A buyer can continue renovations and continue increasing rents. Vacancies are due to recent renovations of units. Landlord pays water/sewer and tenants pay electric. There are laundry facilities on site. Seller is currently fixing decking and wrapping up unit renovations, all work is expected to be completed by closing. This property is centrally located in booming Maryville, TN just minutes from Maryville College, Maryville High School, Everett Park, and downtown Maryville. Wales Apartments is part of a 9 property, 116 unit portfolio . All properties can be bought together or separately.