• Location: McVey Road, Tazewell
  • Size: 56 Units
  • Type of Project: Investment Property
East Ridge Apartments offers a stabilized income-generating property with renovation upside in a good rural market. The local area features a successful community college and many long-tenured industrial employers. Built in 1983, the complex features 4 apartment buildings and an office/coin laundry building across 7 acres. There are 56 units in the complex, 44 two-bedroom and 12 one-bedroom (all in Building 4). All 4 buildings are a mix of market-rate, HUD (Project-Based Section 8)-supported, RDA (Rural Development Authority)-supported, and ETHRA (East Tennessee Human Resource Agency)-supported units.