Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Tazewell Flats in Tazewell, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-demand, low-inventory East Tennessee submarket The Tazewell Flats are a 14-unit multifamily community in Tazewell, Tennessee, featuring a mix of one- and two-bedroom units across two buildings. The property is located adjacent to Claiborne Medical Center, a major local employer, providing stable workforce housing demand. Recent improvements include new roofs and updated PTAC and mini-split systems, minimizing near-term capital needs. The on-site laundry facility is partially operational, offering potential for additional income, and city-provided trash service further reduces expenses. With self-management currently in place, the property presents a strong value-add opportunity in a stable East Tennessee market with affordable living costs and limited multifamily supply. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of the Tazewell Flats.