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210 Longview Drive
Jonesborough TN 37659
MLS #9999527 · Listing Courtesy of Coldwell Banker Security Real Estate
$1,750,000
Active
0.52
Acres
1980
Built
Property Description
Rare Investment Opportunity Near Historic Downtown Jonesborough!
Fantastic opportunity to own a fully occupied 8-unit apartment property in an incredible location within walking distance of charming historic downtown Jonesborough. Each unit offers 2 bedrooms and 1 full bath, a fully equipped kitchen, washer and dryer hookups, luxury vinyl flooring, and window blinds.
All 8 units are currently rented, providing immediate rental income with potential for future rent increases. 5 units are equipped with mini-split heating and cooling systems, while the remaining 3 have window air-conditioning units. A new roof was installed in 2020, adding to the property's appeal and long-term value.
The location is truly hard to beat! Residents can walk to historic downtown Jonesborough to enjoy its restaurants, shops, community events, and small-town charm. The property is also within walking distance of the Jonesborough Senior Center and conveniently located near a public pickleball court, adding even more recreational opportunities nearby. Plus, Johnson City and the surrounding Tri-Cities area are just a short drive away.
Whether you're looking to expand your investment portfolio or add a fully occupied multifamily property with future income potential, this 8-plex offers an outstanding combination of location, occupancy, and opportunity.
Rent rolls for all 8 units attached
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9999527
Lot Dimensions180 x 126 irr
City Taxes$2,049.97
County Taxes$2,826.97
Elementary SchoolJonesborough
Middle SchoolJonesborough
High SchoolDavid Crockett
Features & Amenities
Interior
Drywall Walls
Electric Dryer Hookup
Electric Range
Luxury Vinyl Flooring
One-Level
Refrigerator
Washer Hookup
Window Unit(s)
Exterior
Asphalt
Asphalt Roof
Block Foundation
Landscaping
Level Lot
Sloped Lot
Vinyl Siding Exterior
Other
Average Condition
Cable Available
Electricity Connected
Lawn Maint
Leases
Profit/Loss Statement
Public Sewer
Public Water
Rental Rolls
Repairs and Maint
Sewer Connected
Taxes Personal Property
Waste
Water Connected
Directions
From JC - Go West Market to (L) onto John Sevier Ave, bear (R) onto Jefferson Dr, (L) onto Longview
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Additional Information
ACOtherYesContract InfoForeclosureNoEasementsNoneYesGeneral Property Description# Buildings1# of Units8HOANoHome WarrantyNoSenior CommunityNoStories1Total Units8ZoningmultiHeatingOtherYesIncome and ExpensesAnnual Operating Expenses841,496Annual Utility Expenses159,300Gross Annual Income9,540,000Net Annual Income8,119,204Vacancy Rate %0Location Tax Legal InfoDeed Book #1,183Deed Page #847Structure TypeMulti FamilyYesStyleSee RemarksYesUnit 1# Bathrooms1# Bedrooms2# Units1Monthly Rent950SqFt800Unit 2# Bathrooms1# Bedrooms2# Units2Monthly Rent950SqFt800Unit 3# Bathrooms1# Bedrooms2# Units3Monthly Rent1,100SqFt800Unit 4# Bathrooms1# Bedrooms2# Units4Monthly Rent900SqFt800
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