$960,000
Johnson City, TN 37601
MLS# 416096
Status: Closed
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Property Description
Multi-Family Investment property on the rise. 27 unit, 6 building complex, which has undergone capital improvements, and is set to launch into 2019 with a new future income potential, improved units, and lower vacancy rate. List of capital improvements are available upon request, as well as P&L, and current vacancy rate as it slides up, now that improvements on units is being completed. It is a great time to buy. Details of vacancies subject to change, and details to be verified by buyer and buyer's agent.
Details
Maps
Documents
Location, Tax & Legal Info
Unit #: 27
Parcel ID: 029C C 009.00
Block: 2
Deed Book #: R605
Deed Page #: I1076
City Taxes: 4396
County Taxes: 5535
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 995000
Current Price: $960,000
Listing Date: 2019-01-01
General Property Description
Lot Dimensions: 133293
Acres: 3
Zoning: R-2
# Buildings: 6
Elementary School: Lake Ridge
# of Units: 27
Middle School: Indian Trail
High School: Science Hill
Property Sub-Type: Multi Family
Year Built: 1968
Remarks & Misc
Directions: N Roan St (Kingsport Hwy) to Carroll Creek Rd. Deanwood on right, signpost.
Property Condition
Average: 1
Income and Expenses
Annual Operating Expenses: 93790
Vacancy Rate %: 11
Net Annual Income: 73148
Gross Annual Income: 166938
Exterior Finish
Brick: 1
Vinyl Siding: 1
Roof
Shingle: 1
Levels
One: 1
Two: 1
AC
Heat Pump: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Location Tax Legal Info
Street #: 1112
Street Name: Carroll Creek
St Suffix: Road
County: Washington
State/Province: TN
Zip Code: 37601
Area: 301 - NW Johnson City
Status Change Info
Date Pending: 2019-01-08
Sold Date: 2019-04-12
Sold Price: $960,000
Property Features
Property Condition: Average
Levels: One; Two
Exterior Finish: Brick; Vinyl Siding
Roof: Shingle
AC: Heat Pump
Easements: None
Financing: Cash; Conventional
Confirmation of Agency Status 
Listing Office: REMAX Checkmate, Inc. Realtors
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.