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406 Maple Street, Johnson City, TN 37604 - $849,900

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi-Family Sub Type: Multi-Family MLS Number: 9960835
Living Area: 0 Lot Acreage: 0 Year Built: 1913
Elementary School: South Side Middle School: Indian Trail High School: Science Hill
Property Description
The West Walnut project is much closer to being complete, with all that is happening with the downtown improvements, why would you not want a turnkey rental? Opportunities to own an 8-Plex on the Tree Streets don't come around often so act fast. The apartments have been historically referred to as ''The Hive''. It provides 8 Unique layouts varying between 1 and 2 Bedroom units. The time period of construction is reflected in the detail of this beautiful building with many units having exposed brick built-ins and vintage hardwood floors. The building has heating and air in all apartments with a combination of mini splits and window units when necessary. This fully occupied building has been updated, and a metal roof was installed in 2020. With all that Downtown has to offer, the demand will remain high for this property. Internet, water and sewer are included in rent. Two units also have power included. There is a reason why the occupancy remains full for this one. Rent rolls available upon request.
  • More Listing Info
    AC:Wall Unit(s)true
    AC:Window Unit(s)true
    Appliances:Built-In Electric Oventrue
    Appliances:Cooktoptrue
    Appliances:Electric Rangetrue
    Basement:Finished2true
    Construction:Site Built2true
    Contract Info:ForeclosureNo
    Easements:None12true
    Exterior Features:Balconytrue
    Exterior Finish:Brick4true
    Flooring:Ceramic Tiletrue
    Flooring:Hardwoodtrue
    Flooring:Vinyltrue
    General Property Description:# Buildings1
    General Property Description:# of Units8.0
    General Property Description:Acres0.17
    General Property Description:Elementary School3South Side
    General Property Description:High School3Science Hill
    General Property Description:HOA YNNo
    General Property Description:Lot Dimensions50 x 151
    General Property Description:Middle School2Indian Trail
    General Property Description:Stories22
    General Property Description:Total Units8
    General Property Description:Zoning2R2
    Heating:Other12true
    Income and Expenses:Gross Annual Income86400
    Income and Expenses:Vacancy Rate %0.0
    Info Available:Rental Rollstrue
    Interior Features:Built-in Featurestrue
    Interior Features:Eat-in Kitchentrue
    Interior Features:Open Floorplantrue
    Interior Features:Remodeledtrue
    Laundry Features:Electric Dryer Hookuptrue
    Laundry Features:Washer Hookuptrue
    Levels:Twotrue
    Location Tax Legal Info:Block17
    Location Tax Legal Info:City Taxes2451.76
    Location Tax Legal Info:County Taxes3046.98
    Location Tax Legal Info:Deed Book #1106
    Location Tax Legal Info:Deed Page #1708
    Location Tax Legal Info:Lot #92
    Parking Features:Parking Spacestrue
    PorchPatioDeck:Decktrue
    PorchPatioDeck:Porchtrue
    PorchPatioDeck:Rear Porchtrue
    PorchPatioDeck:Side Porchtrue
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3University Blvd to Buffalo. Left on Maple, Home on Rht.
    Remarks Misc:Public Remarks2The West Walnut project is much closer to being complete, with all that is happening with the downtown improvements, why would you not want a turnkey rental? Opportunities to own an 8-Plex on the Tree Streets don't come around often so act fast. The apartments have been historically referred to as ''The Hive''. It provides 8 Unique layouts varying between 1 and 2 Bedroom units. The time period of construction is reflected in the detail of this beautiful building with many units having exposed brick built-ins and vintage hardwood floors. The building has heating and air in all apartments with a combination of mini splits and window units when necessary. This fully occupied building has been updated, and a metal roof was installed in 2020. With all that Downtown has to offer, the demand will remain high for this property. Internet, water and sewer are included in rent. Two units also have power included. There is a reason why the occupancy remains full for this one. Rent rolls available upon request.
    Roof:Metal3true
    Sewer:Public Sewertrue
    Style:Clustertrue
    TopographyLot Description:Slopedtrue
    Unit 1:# Bathrooms51.0
    Unit 1:# Bedrooms31
    Unit 1:# Units1
    Unit 1:Monthly Rent925
    Unit 1:SqFt6910
    Unit 2:# Bathrooms41.0
    Unit 2:# Bedrooms42
    Unit 2:# Units22
    Unit 2:Monthly Rent2875
    Unit 2:SqFt5750
    Unit 3:# Bathrooms31.0
    Unit 3:# Bedrooms52
    Unit 3:# Units33
    Unit 3:Monthly Rent3850
    Unit 3:SqFt2750
    Unit 4:# Bathrooms21.0
    Unit 4:# Bedrooms61
    Unit 4:# Units44
    Unit 4:Monthly Rent4975
    Unit 4:SqFt750
    Walls:Drywalltrue
    Walls:Plastertrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
KW Johnson City
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