94
OAK RIDGE, TENN. — Vikas LLC has purchased McKenzie Acres Apartments, a 100-unit multifamily property located in Oak Ridge. Built in 1969, the fully-occupied property sold for $2.9 million. The property is under a HUD Housing Assistance Payments Section 8 contract, which provides rent and utility subsides for the income-qualified tenants. Steve Goldman and John Dempster of NAI Knoxville represented the Knoxville, Tenn.-based seller in the transaction. Financing for the acquisition was provided by Lebanon, Tenn.-based First Freedom Bank.