$514,500
Johnson City, TN 37601
MLS# 349970
Status: Closed
1 / 5
Property Description
Two improvements on .7 acres making up 15 one-bedroom apartments. Good investment opportunity with new low maintenance brick construction built in 1998. Each unit is a one bedroom, one bath, and property has reasonable rent and excellent vacancy rate with low tenant turnover. First building is 10 units, five facing the street and five facing the back. Behind it is a smaller building housing five more units. Property is on a slope, and has decent parking. Sold by itself or as a bundle with three other multi-family properties in Johnson City.
Details
Maps
Location, Tax & Legal Info
Lot #: 50
Unit #: 15
Parcel ID: 045M H 006.01
Deed Book #: R707
Deed Page #: I225
City Taxes: 2795.86
County Taxes: 3408.45
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 615000
Current Price: $514,500
Listing Date: 2014-06-17
General Property Description
Lot Dimensions: 135x225
Acres: 0.7
Zoning: R5
# Buildings: 2
Elementary School: Woodland Elementary
# of Units: 15
Middle School: Indian Trail
High School: Science Hill
Property Sub-Type: Multi Family
Year Built: 1998
Remarks & Misc
Directions: Turn onto Indian Ridge Rd from State of Franklin going east, and then left after .1 miles onto Lark St. Address on Right.
Property Condition
Above Average: 1
Income and Expenses
Vacancy Rate %: 0
Exterior Finish
Brick: 1
Unit 1
# Units: 10
# Rooms: 30
# Bedrooms: 10
# Bathrooms: 10
# Half Baths: 0
SqFt: 5280
Unit 2
# Units: 5
# Rooms: 15
# Bedrooms: 5
# Bathrooms: 5
# Half Baths: 0
SqFt: 2640
Style
Traditional: 1
Levels
One: 1
Two: 1
Heating
Electric: 1
Info Available
Aerial: 1
Profit/Loss Statement: 1
AC
Central Air: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Refrigerator: 1
Topography/Lot Description
Sloped: 1
Easements
None: 1
Parking Features
Deeded: 1
Porch/Patio/Deck
Patio: 1
Walls
Drywall: 1
Expenses Include
Lawn Maint: 1
Property Management: 1
Repairs and Maint: 1
Taxes Real Estate: 1
Location Tax Legal Info
Street #: 1110
Street Name: Lark
St Suffix: Street
County: Washington
State/Province: TN
Zip Code: 37601
Area: 301 - NW Johnson City
Status Change Info
Date Pending: 2016-04-12
Sold Date: 2016-04-15
Sold Price: $514,500
Property Features
Property Condition: Above Average
Style: Traditional
Levels: One; Two
Exterior Finish: Brick
Appliances: Refrigerator
Parking Features: Deeded
Heating: Electric
Water: Public
Sewer: Public Sewer
AC: Central Air
Walls: Drywall
Info Available: Aerial; Profit/Loss Statement
Easements: None
Expenses Include: Lawn Maint; Property Management; Repairs and Maint; Taxes Real Estate
Listing Office: REMAX Checkmate, Inc. Realtors
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.