Michaelson Real Estate Group, LLC& Equity Partner acquire 414 Flats in Tennessee

Michaelson Real Estate Group is pleased to announce the expansion of its existing portfolio to include 414 Flats, a 127-unit apartment community Knoxville, Tennessee.

Located in the heart of the thriving Bearden area of Knoxville, just outside Sequoyah Hills, 414 Flats is a within walking distance of galleries, shopping plazas, specialty restaurants, businesses and some of the region’s best entertainment. The University of Tennessee is only ten minutes away. 414 Flats also offers superb accessibility to the area’s most traveled highways, including Interstates 40 and 640.
Built in 1964, this upscale community is located at 414 North Forest Park Boulevard and features a mixture of newly renovated studio, one and two-bedroom units in seven different floorplans. Units average 910 square feet and include dishwasher, granite countertops, stainless steel appliances, fireplace, vaulted ceilings, oversized closets and private balcony/deck. 414 Flats boasts a superior amenities package including a sparkling swimming pool, fitness center, clubhouse, lounge, business center, breakfast/coffee concierge, elevator and storage space. Recent capital improvements include asphalt paving sealcoat and striping, exterior painting, exterior brick tuck pointing, elevator upgrades, interior painting, common area renovations, clubhouse renovations and fitness center upgrades.
Michaelson specializes in enhancing multifamily values through marketing, management and repositioning. Michaelson has managed more than 30,000 apartment and condominium units throughout the Southeast.