100 Wabash Lane, Oak Ridge, TN 37830

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Tyler F.

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Building Details:

• Year Built: 1965

100 Wabash Lane is amulti-family property for lease in Oak Ridge, TN.

8 four-plexes total for sale. These have a total of 16 (1 Ba/1Ba) units and 16 (2Ba/1Ba) units. Possible owner financing available up to 10% of sales price. Amenities include parking, porches and back yards. Tenants pay utilities. Owners have made significant improvements. Details available for serious inquiries! *Located in the heart of Oak Ridge with close proximity to the Y-12 National Security Complex, the Oak Ridge National Laboratory and Oak Ridge Associated Universities.These properties are less than one mile from the brand new $30MM Kroger Marketplace Shopping Center, providing excellent proximity to many retailers. In addition to the new Kroger, the city of Oak Ridge is eagerly awaiting renovation of the Oak Ridge Mall. Crosland Southeast has laid out plans to pour an estimated $80MM+ renovation into the mall site, which will give Oak Ridge a new commercial vitality. Come see it today!*

Pro forma revenue is $171,140/year (395/1Bd, $500/2Bd)

Expenses-
Taxes (county and city) - $15,300/year
Insurance -$6,800/year
Property MGT (8%) -$13,747/year
Maintenance -$13,000/year
Utilities (contingency) -$3,600/year
Lawn care -$900/year
Pest Control -$600/year
Legal/Professional -$600/year
Vacancy (10%) -$17,114/year
Total expenses -$71,535/year

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