Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Lease

Sub Type:

MLS Number: 9979343

Lot Acreage: 0.38000

Living Area: 1,375

Year Built:1965

Elementary School:

Middle School:

High School:

Public Remarks: Investment opportunity in the heart of Johnson City! A beautifully maintained 6-unit apartment building offering solid cash flow with value-add potential. Currently bringing in $60,240 annually in rental income with below-market rents, this property offers an excellent upside for investors looking to maximize returns. The upstairs has 2-(2bed/1bath) units The main level has 2-(2bed/1bath) units. and back side of the building on the lowest level there are 2-(1bed/1bath) units. All units have tile flooring, fresh paint, and newer appliances. With its central location, proximity to downtown, ETSU, and major employers, this property is ideally positioned for long-term appreciation and increased rent potential! *Information deemed reliable but not guaranteed, buyer/buyers agent to verify all information.

Listing Courtesy:True North Real Estate

More Listing Info:

AC:Window Unit(s): true

Business Type:Residential2: true

Contract Info:Foreclosure: No

Development Status:Finished Lot(s): true

Easements:Gas Line: true

Electric Service:220 Volts: true

Exterior Finish:Brick4: true

Exterior Finish:Vinyl Siding: true

General Property Description:Acres: 0.38

General Property Description:Annual Lease: 60240.0

General Property Description:HOA YN: No

General Property Description:Lease: Yes

General Property Description:Lot Size2: 99.89 X 176 IRR (.38 AC)

General Property Description:Stories3: 2.0

General Property Description:Total SqFt Finished: 1375.0

General Property Description:Total SqFt Unfinished: 1375.0

General Property Description:Zoning2: Commercial

Heating:Baseboard: true

Info Available:Other29: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 2102.62

Location Tax Legal Info:Deed Book #: R427

Location Tax Legal Info:Deed Page #: I1954

Location Tax Legal Info:Plat Map: O

Other Equipment:Range2: true

Other Equipment:Refrigerator2: true

Property Condition:Above Average: true

Remarks Misc:Directions3: From Johnson City go northeast on Cherry St toward buffalo st, then turn left at the f1st cross street onto buffalos st. the turn at the 1st cross street onto w state of franklin rd, then turn left onto west walnut st, the property will be on your left. NO sign.

Remarks Misc:Public Remarks2: Investment opportunity in the heart of Johnson City! A beautifully maintained 6-unit apartment building offering solid cash flow with value-add potential. Currently bringing in $60,240 annually in rental income with below-market rents, this property offers an excellent upside for investors looking to maximize returns. The upstairs has 2-(2bed/1bath) units The main level has 2-(2bed/1bath) units. and back side of the building on the lowest level there are 2-(1bed/1bath) units. All units have tile flooring, fresh paint, and newer appliances. With its central location, proximity to downtown, ETSU, and major employers, this property is ideally positioned for long-term appreciation and increased rent potential! *Information deemed reliable but not guaranteed, buyer/buyers agent to verify all information.

Restrictions:Utility Easement2: true

Road Access:City Street: true

Roof:Composition: true

Roof:Shingle: true

Sale Includes:See Remarks35: true

Sewer:Public Sewer: true

Water:Public: true