$1,200,000
Johnson City, TN 37604
MLS# 9963120
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Property Description
INVESTMENT OPPORTUNITY MULTI FAMILY ON 3 +/- ACRES IN JOHNSON CITY DIRECTLY ACROSS FROM WILLOW SPRINGS PARK. NO CITY TAXES This opportunity has 17 RENTAL UNITS, ALL WELL KEPT -16 manufactured homes , recently updated with pex plumbing, and electrical, cosmetic upgrades as well. All manufactured homes are 2 bed 1 bath with exception of unit 8 which is a 3 bed 2 bath. One nice size site built home with 3 bed 1 bath , 1025 SQ FT MAIN LEVEL attached garage 650 SQ FT and full basement 1025 SQ FT with drive under garage. One office building with potential studio apartment. All units occupied with majority long term residents. There is definitely POTENTIAL TO INCREASE PROFIT MARGINS NOW. Annual Gross income currently $128,772. All information herein deemed reliable but subject to Buyer verification.
Details
Maps
Location, Tax & Legal Info
Street #: 1168
Street Name: Huffine
St Suffix: Road
County: Washington
State/Province: TN
Zip Code: 37604
Subdivision: Not In Subdivision
Deed Book #: 885
Deed Page #: 1802
Parcel ID: 061 139.01
County Taxes: 1884
Contract Info
Status: Active
Listing Price: 1200000
Current Price: $1,200,000
Listing Date: 2024-03-14
Buyer Broker: Yes
Buyer Broker Comm: 2.5
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: see acres
Acres: 3
Zoning: R2/R1
Property Sub-Type: Other
# Buildings: 17
# of Units: 17
Total Units: 17
Stories: 1
Elementary School: Jonesborough
Middle School: Jonesborough
High School: David Crockett
Home Warranty: No
HOA Y/N: No
Remarks & Misc
Public Remarks: INVESTMENT OPPORTUNITY
MULTI FAMILY ON 3 +/- ACRES IN JOHNSON CITY DIRECTLY ACROSS FROM WILLOW SPRINGS PARK.
NO CITY TAXES
This opportunity has 17 RENTAL UNITS, ALL WELL KEPT -16 manufactured homes , recently updated with pex plumbing, and electrical, cosmetic upgrades as well. All manufactured homes are 2 bed 1 bath with exception of unit 8 which is a 3 bed 2 bath.
One nice size site built home with 3 bed 1 bath , 1025 SQ FT MAIN LEVEL attached garage 650 SQ FT and full basement 1025 SQ FT with drive under garage.
One office building with potential studio apartment.
All units occupied with majority long term residents. There is definitely POTENTIAL TO INCREASE PROFIT MARGINS NOW.
Annual Gross income currently $128,772.
All information herein deemed reliable but subject to Buyer verification.
Directions: From Johnson City- North State of Franklin- Turn onto West Walnut. Travel approx. 1.3 miles turn left onto Huffine Road. Travel approx 1.2 mile and see the property on the right , directly across from Willow Springs Park.
Unit 1
# Units: 17
Unit 2
# Units: 17
Unit 3
# Units: 17
Unit 4
# Units: 17
Property Features
Property Condition: Above Average; Average
Style: Traditional; See Remarks
Levels: One
Exterior Finish: Aluminum Siding; Brick
Roof: Composition; Shingle
Parking Features: See Remarks
Topography/Lot Description: Cleared; Level
Heating: Electric
Water: Public
Sewer: Septic Tank
AC: Central Air; Other; See Remarks
Construction: Manufactured; Site Built
Easements: See Remarks
Listing Office: REMAX Checkmate, Inc. Realtors
Last Updated: March - 21 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.