FOURMIDABLE to Manage 8th Affordable Housing Property in Tennessee

April 8, 2015 - PRLog -- After years of neglect, Fairway Apartments, a 68-unit rental community in Morristown TN, is being brought back to life and is ready for occupancy. H&H Residential Development, LLC of Jefferson City were retained as developers and construction was performed by BACAR Constructors of Nashville.

“It was essentially rebuilt,” says Scott Allen, president of FOURMIDABLE (http://www.fourmidable.com/), the Bingham Farms MI property management company that is handling management responsibilities for Fairway, which is owned by Appalachian Home and Health, Inc. of Knoxville. “While it was originally built more than 50 years ago, today’s Fairway residents will be living in 21^st century energy-efficient homes and we’ll be providing access to reduced-rate cable and Internet among other amenities.”

Fairway becomes the eighth Tennessee property that FOURMIDABLE manages, all of them providing affordable housing for low-income residents.  FOURMIDABLE has also been appointed as the management agent for four additional communities in Tennessee, which are scheduled to close within the second quarter of this year.

“Fairway has apartments with individual patios, and a community picnic area that everyone can share,” continues Allen. “We are providing a security system and management services on-site to ensure that every need of our residents is taken care of.”

Fairway Apartments feature 26 one-bedroom, 38 two-bedroom and 4 three-bedroom units with rents starting as low as $460 per month.

FOURMIDABLE is a national real estate management and brokerage company that specializes in managing, marketing and leasing market rate, tax credit, senior and family government assisted and public housing apartment communities. Founded in 1975, FOURMIDABLE currently manages 67 communities in eight states, with approximately 7,000 units under management. FOURMIDABLE is a member of the elite AMO (Accredited Management Organization) and is an approved management firm for HUD, MSHDA and other State Agencies. Additionally, FOURMIDABLE affiliated companies offer support for property management companies and owners, including Agility-PM, a provider of back office accounting, HR, IT and compliance support; e-Crosstown, a provider of free Wi-Fi amenity services to apartment residents; and e-Phonz, a specialized telephone product for apartment management companies.

For more information, please call 248-593-4600.