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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: Commercial Sale Sub Type: MLS Number: 9979640
Living Area: 99,999 Lot Acreage: 4 Year Built: 1935
Elementary School: Middle School: High School:
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
    Business Type:Residential2true
    Contract Info:ForeclosureNo
    Development Status:See Remarks37true
    Electric Service:See Remarks36true
    Exterior Finish:See Remarks3true
    General Property Description:Acres3.7
    General Property Description:Annual Lease73000.0
    General Property Description:HOA YNNo
    General Property Description:LeaseNo
    General Property Description:Lot Size2150642 sq ft
    General Property Description:Total SqFt Finished99999.0
    General Property Description:Total SqFt Unfinished99999.0
    General Property Description:Zoning2R
    Heating:See Remarks10true
    Info Available:See Remarks28true
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes3354.17
    Location Tax Legal Info:Deed Book #R254
    Location Tax Legal Info:Deed Page #I2193
    Other Equipment:Additional Building(s)true
    Other Equipment:See Remarks38true
    Property Condition:Averagetrue
    Property Condition:Below 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
    Restrictions:See Remarks34true
    Road Access:See Remarks32true
    Sale Includes:See Remarks35true
    Sewer:Public Sewertrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Hurd Realty, LLC
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