$933,000
Johnson City, TN 37615
MLS# 9938950
Status: Closed
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Property Description
Here is your opportunity to own a 26 unit residential rental complex in Johnson city. This property consists of an apartment building, a fourplex, and a 21 mobile homes (current owner owns 17 of the 21 mobile homes). The property is comprised of two parcels and totals 3.47 acres. Each unit is on its own meter; therefore, tenants can pay for their own utilities. There are 10 septic tanks found on the property that are pumped regularly. The annual potential gross income for this property is approximately $180,900. Additional information such as Rent roll & profit loss statement can be provided upon request. You don't want to miss the opportunity to own this income producing property! Buyers to verify all information.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 008.01 & 002.01
Deed Book #: R850
Deed Page #: I782
City Taxes: 0
County Taxes: 790.56
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 999999
Current Price: $933,000
Listing Date: 2022-06-07
General Property Description
Road Frontage Length: 87
Acres: 3.47
Lot Size: 151,185 sqft
Zoning: Com. / Res.
Total SqFt Finished: 0
Total SqFt Unfinished: 0
Annual Lease $: 142919
Year Built: 2014
Remarks & Misc
Directions: Head towards Boones creek on the Kingsport highway. Turn right onto Buttermilk Rd, Then turn right again onto Jax drive, and you will have arrived.
Property Condition
Average: 1
Business Type
Other: 1
Exterior Finish
Other: 1
Other Equipment
See Remarks: 1
Roof
Other: 1
Road Access
City Street: 1
Electric Service
See Remarks: 1
Development Status
Other: 1
Heating
Other: 1
Info Available
Aerial: 1
Appraisal: 1
Investment Analysis: 1
Leases: 1
Profit/Loss Statement: 1
Rental Roles: 1
AC
Other: 1
Water
Public: 1
Sewer
Septic Tank: 1
Restrictions
Other: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Other: 1
Location Tax Legal Info
Street #: 104
Street Name: Jax
St Suffix: Drive
County: Washington
State/Province: TN
Zip Code: 37615
Area: 307 - Gray/Boones Creek
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2022-11-12
Sold Date: 2023-01-20
Sold Price: $933,000
Property Features
Property Condition: Average
Business Type: Other
Exterior Finish: Other
Other Equipment: See Remarks
Roof: Other
Electric Service: See Remarks
Development Status: Other
Heating: Other
AC: Other
Water: Public
Sewer: Septic Tank
Road Access: City Street
Info Available: Aerial; Appraisal; Investment Analysis; Leases; Profit/Loss Statement; Rental Roles
Restrictions: Other
Financing: Cash; Conventional
Sale Includes: Other
Listing Office: CENTURY 21 Legacy
Last Updated: March - 08 - 2024
Information deemed reliable but not guaranteed.