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INVESTMENT OFFERING

SAB Capital is pleased to present Mountainsite and Hermit Apartments. This is a 60-unit portfolio, where 53 of the units are covered by a Mod Rehab Contract administered by the Elizabethton Housing Authority. The properties current unit mix includes 23 one-bedroom units, and 37 two-bedroom units. Both properties are situated on large parcels, with more than 8.5 acres combined.

  • 60-Unit, Mod Rehab Portfolio in Mountain City, TN
  • Mod Rehab Contract Covers 53-Units | Administered by the Elizabethton Housing Authority Annually
  • Ideal Unit Mix | One and Two Bedroom Units
  • Properties are Ideally Located Three Miles Apart
  • Large Parcels | Hermit: 2.3 Acres | Mountain Site: 6.35 Acres

Contact John Snee for Full Investment Offering


Tenant Price Cap Rate Lease Type Square Feet Status
Mountain Site & Hermit Apartments $2,000,000 7.80% Available

John Snee

SENIOR ASSOCIATE | INVESTMENT SALES

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