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166-178 Gray Station Road, Johnson City, TN 37615 - $799,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Other MLS Number: 9979565
Living Area: 0 Lot Acreage: 4 Year Built: 1935
Elementary School: Gray Middle School: Gray Middle High School: Daniel Boone
Property Description
Looking for an investment opportunity? Look no further!! OWNER FINANCING AVAILABLE This unique property consists of 2 separate parcels totaling approximate 3.7 acres with ''7'' rental income producing single family homes (all on sewer) and ''2'' additional garages located right off Gray Station Road, which is just minutes from Franklin Woods Medical Center, Boone Lake, and other local restaurants and shopping. All properties are on month to month and annually grossing approximately $73,000 EXPENSES ARE: - Property taxes for 2024 were $3,354.17 - Water is approx. $450 per month All showing require a minimum of 24hr notice to notify tenants. Listing agent can provide photos of ''most'' interior units upon request of pre-approved buyer. This property is being sold AS IS and priced to sell quickly... Contact your Realtor TODAY! OWNER FINANCING OPTION: - 25% down - 6% interest rate - 30-year amortization - 5-year balloon Realtors - Please READ private remarks
Listing Status
Active
  • More Listing Info
    AC:See Remarks11true
    Contract Info:ForeclosureNo
    Easements:See Remarks18true
    Exterior Finish:Other16true
    Exterior Finish:See Remarks3true
    Foundation:See Remarks24true
    General Property Description:# Buildings9
    General Property Description:Acres3.7
    General Property Description:Elementary School3Gray
    General Property Description:High School3Daniel Boone
    General Property Description:HOA YNNo
    General Property Description:Home Warranty2No
    General Property Description:Lot Dimensions150642 sq ft
    General Property Description:Middle School2Gray Middle
    General Property Description:Senior Community YN3No
    General Property Description:Total Units7
    General Property Description:Zoning2R
    Heating:See Remarks10true
    Laundry Features:Electric Dryer Hookuptrue
    Laundry Features:Washer Hookuptrue
    Levels:Onetrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes1794.22
    Location Tax Legal Info:Deed Book #R254
    Location Tax Legal Info:Deed Page #I2193
    Other Structures:Garage(s)true
    Other Structures:Storage2true
    Other Structures:Workshop3true
    Parking Features:See Remarks22true
    PorchPatioDeck:See Remarks9true
    Property Condition:Averagetrue
    Property Condition:Fixertrue
    Remarks Misc:Directions3From 6547 Kingsport Hwy, Johnson City, TN 37615 Head northwest on Kingsport Hwy / TN-36 toward Ben Jenkins Rd Turn left onto Gray Station Rd Turn left to stay on Gray Station Rd Keep right to stay on Gray Station Rd Arrive at Gray Station Rd on the right
    Remarks Misc:Public Remarks2Looking for an investment opportunity? Look no further!! OWNER FINANCING AVAILABLE This unique property consists of 2 separate parcels totaling approximate 3.7 acres with ''7'' rental income producing single family homes (all on sewer) and ''2'' additional garages located right off Gray Station Road, which is just minutes from Franklin Woods Medical Center, Boone Lake, and other local restaurants and shopping. All properties are on month to month and annually grossing approximately $73,000 EXPENSES ARE: - Property taxes for 2024 were $3,354.17 - Water is approx. $450 per month All showing require a minimum of 24hr notice to notify tenants. Listing agent can provide photos of ''most'' interior units upon request of pre-approved buyer. This property is being sold AS IS and priced to sell quickly... Contact your Realtor TODAY! OWNER FINANCING OPTION: - 25% down - 6% interest rate - 30-year amortization - 5-year balloon Realtors - Please READ private remarks
    Sewer:Public Sewertrue
    Structure Type:Housetrue
    Style:Traditional3true
    TopographyLot Description:Level2true
    Unit 1:# Units7
    Unit 2:# Units27
    Unit 3:# Units37
    Unit 4:# Units47
    View:Mountain(s)true
    Water:Publictrue
    Window Features:Other21true
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Hurd Realty, LLC
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