06/25/2026
🏡 INVESTMENT OPPORTUNITY IN EAST TENNESSEE! 🏡
Looking for a turnkey, income-producing asset with immediate cash flow? Greene Ridge is a recently renovated, 83-unit multifamily portfolio located in the desirable residential neighborhoods of Greeneville, TN.
With major capital improvements already completed—including new roofs, updated parking lots, refreshed siding, and extensive interior remodeling—this portfolio offers significantly reduced near-term capex and strong curb appeal.
✨ INVESTMENT HIGHLIGHTS:
- 83 Units: 51 one-bedroom and 32 two-bedroom units across 6 well-maintained buildings.
- Turnkey Asset: All the heavy lifting is done. Move right into a stabilized, income-producing property.
- Proven Income Strategy: Features a highly effective hybrid leasing model blending stable, long-term tenants with 4 mid-term rental units for traveling professionals.
- Value-Add Potential: Current rents are below market, offering upside alongside 9 on-site storage units available for extra resident rental income.
- Low Vacancy: Operates at a true vacancy rate of approximately 6.34%.
- Prime Location: Strong workforce housing demand driven by local manufacturing, healthcare, Tusculum University, and regional tourism.
📍 Locations include: 102 Diane Lane, 808 & 822 Carolina Drive, and 112 Becky Drive.
💼 Perfect for 1031 exchangers, regional operators, or investors looking to enter a supply-constrained rental market with resilient fundamentals.
Drop a comment below or send a direct message for financial details and offering memorandum!
Jacob Adams, Hurd Realty
Cell: 423-627-7161
Grant Honeycutt , Hurd Realty
Cell: 423-895-2070
Office: 423-491-8335
Shop: https://www.crexi.com/properties/2598074/tennessee-greene-ridge
