$450,000
Johnson City, TN 37615
MLS# 9994588
1 / 4
Property Description
Fantastic Investment Opportunity- Four Unit Apartment Complex. Two-Story Stacked Flats (Two Units on Ground Floor & Two Units on Second Floor). Lawn Maintenance, Electric & Water - Landlord Expense. Electric, Telephone, CATV - Tenant Expense. Fully occupied. Annual Rental Income $ 57,792.
Details
Maps
Location, Tax & Legal Info
Lot #: 10
Unit #: -
Parcel ID: 021f A 01300 000
Block: F
Deed Book #: 1079
Deed Page #: 1822
City Taxes: 0
County Taxes: 2024.64
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 450000
Current Price: $450,000
Listing Date: 2026-04-27
General Property Description
Lot Dimensions: 103' X 159' X 187' X 139' IRR
Acres: 0
Zoning: R-1
# Buildings: 1
Elementary School: Boones Creek
# of Units: 4
Middle School: Boones Creek
Total Units: 4
High School: Daniel Boone
Stories: 2
Senior Community YN: No
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Quadruplex
Year Built: 1961
Remarks & Misc
Public Remarks: Fantastic Investment Opportunity- Four Unit Apartment Complex. Two-Story Stacked Flats (Two Units on Ground Floor & Two Units on Second Floor). Lawn Maintenance, Electric & Water - Landlord Expense. Electric, Telephone, CATV - Tenant Expense. Fully occupied. Annual Rental Income $ 57,792.
Directions: Take Hwy 36., turn right onto Pickens Bridge Road, travel 4/10 mile and turn left onto Boone Avenue, take your first road to the right-Joe Hale Drive, property will be on your right when the road forks. NO FOR SALE SIGN
Property Condition
Average: 1
Income and Expenses
Annual Operating Expenses: 15219
Vacancy Rate %: 100
Gross Annual Income: 57792
Exterior Finish
Brick: 1
Frame: 1
Unit 1
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 895
Unit 2
# Units: 2
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 825
Style
Split Level: 1
Roof
Metal: 1
Unit 3
# Units: 3
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 850
Levels
Two: 1
Unit 4
# Units: 4
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 725
Interior Features
Other: 1
Heating
CHW System: 1
Electric: 1
See Remarks: 1
Info Available
See Remarks: 1
AC
Central Air: 1
Water
Public: 1
Sewer
Septic Tank: 1
Appliances
See Remarks: 1
Topography/Lot Description
Level: 1
Part Wooded: 1
Flooring
Carpet: 1
Vinyl: 1
Easements
Other: 1
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Other: 1
See Remarks: 1
Security Features
See Remarks: 1
Parking Features
Asphalt: 1
Driveway: 1
Shared Driveway: 1
Existing Finance
Lender of Record: 1
Walls
Paneling: 1
Foundation
Other: 1
Structure Type
Quadruplex: 1
Expenses Include
Electric: 1
Lawn Maint: 1
Property Management: 1
Repairs and Maint: 1
Taxes Personal Property: 1
Waste: 1
Location Tax Legal Info
Street #: 150
Street Name: Joe Hale
St Suffix: Drive
County: Washington
State/Province: TN
Zip Code: 37615
Subdivision: Daniel Boone Sec 2
Property Features
Property Condition: Average
Style: Split Level
Levels: Two
Exterior Finish: Brick; Frame
Interior Features: Other
Appliances: See Remarks
Security Features: See Remarks
Flooring: Carpet; Vinyl
Roof: Metal
Parking Features: Asphalt; Driveway; Shared Driveway
Heating: CHW System; Electric; See Remarks
Water: Public
Sewer: Septic Tank
Foundation: Other
AC: Central Air
Structure Type: Quadruplex
Walls: Paneling
Info Available: See Remarks
Easements: Other; See Remarks
Financing: Cash; Conventional; Other; See Remarks
Existing Finance: Lender of Record
Expenses Include: Electric; Lawn Maint; Property Management; Repairs and Maint; Taxes Personal Property; Waste
Listing Office: Lefemine Commercial Properties, LLC
Last Updated: April - 28 - 2026
Information deemed reliable but not guaranteed.