$933,000
Johnson City, TN 37615
MLS# 9939200
Status: Closed
900 sqft
1 / 12
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: 012d C 008.01 & 012d C 002.01
Deed Book #: R850
Deed Page #: I782
City Taxes: 0
County Taxes: 790.56
Contract Info
List Price/SqFt: 1111.11
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 999999
Current Price: $933,000
Listing Date: 2022-06-09
General Property Description
Lot Dimensions: 151,185 sqft
Acres: 3.47
Zoning: Com./Res.
# Buildings: 23
Elementary School: Ridgeview
# of Units: 27
Middle School: Indian Trail
Total Units: 27
High School: Science Hill
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 2014
Total SqFt: 900
Remarks & Misc
Directions: GPS friendly, go in the direction of Boones creek on the Kingsport highway. Turn right onto Buttermilk Rd, Then turn right again onto Jax drive, and you will have arrived.
Income and Expenses
Gross Annual Income: 14291900
Exterior Finish
See Remarks: 1
Unit 1
# Units: 21
Monthly Rent: 10825
Unit 2
# Units: 4
# Rooms: 15
# Bedrooms: 5
# Bathrooms: 4
Monthly Rent: 2925
Style
See Remarks: 1
Unit 3
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
SqFt: 900
Monthly Rent: 850
Heating
Heat Pump: 1
Space Heater: 1
Info Available
Aerial: 1
Appraisal: 1
Books Available: 1
Rental Rolls: 1
AC
Window Unit(s): 1
Water
Public: 1
Sewer
Septic Tank: 1
Topography/Lot Description
Rolling Slope: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Structure Type
House: 1
Manufactured House: 1
Location Tax Legal Info
Street #: 104
Street Name: Jax
St Suffix: Drive
County: Washington
State/Province: TN
Zip Code: 37615
Status Change Info
Date Pending: 2022-11-12
Sold Date: 2023-01-20
Sold Price: $933,000
Property Features
Style: See Remarks
Exterior Finish: See Remarks
Heating: Heat Pump; Space Heater
Water: Public
Sewer: Septic Tank
AC: Window Unit(s)
Structure Type: House; Manufactured House
Info Available: Aerial; Appraisal; Books Available; Rental Rolls
Easements: None
Financing: Cash; Conventional
Listing Office: CENTURY 21 Legacy
Last Updated: March - 08 - 2024
Information deemed reliable but not guaranteed.