$1,450,000
Johnson City, TN 37601
MLS# 400174
Status: Closed
1 / 2
Property Description
A great investment property with return on investment! Rare find, 41 units all 1 bedroom with good track record. Priced at 1,500,000. Returns at 11.58% cap. rate which is strong in any market. Buildings are brick exterior with architectural shingle roofs. Listing Agent is also owner. Contact listing Agent directly with all inquiries. Listing Agent is also owner.
Details
Maps
Location, Tax & Legal Info
Unit #: 41
Parcel ID: 047 P E 003.00
Block: 3
Deed Book #: R592
Deed Page #: 1212
City Taxes: 8491.3
County Taxes: 10806.2
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1500000
Current Price: $1,450,000
Listing Date: 2017-12-01
General Property Description
Lot Dimensions: 5.2 acres
Acres: 5.2
Zoning: RS
# Buildings: 2
Elementary School: Boones Creek
# of Units: 41
Middle School: Boones Creek
High School: Science Hill
Property Sub-Type: Other
Year Built: 1980
Remarks & Misc
Directions: Take Market St. exit from I-26 East. Turn left off exit and right onto Legion St. Left onto King Springs Rd. Left on Bell Ridge Rd. property on left.
Property Condition
Above Average: 1
Income and Expenses
Annual Operating Expenses: 61333
Annual Utility Expenses: 37536
Net Annual Income: 173807
Gross Annual Income: 235140
Exterior Finish
Brick: 1
Unit 1
# Units: 23
# Rooms: 23
# Bedrooms: 23
# Bathrooms: 23
SqFt: 15120
Unit 2
# Units: 18
# Rooms: 18
# Bedrooms: 18
# Bathrooms: 18
SqFt: 11760
Roof
Shingle: 1
Levels
Two: 1
Interior Features
Laminate Counters: 1
Heating
Baseboard: 1
Info Available
Appraisal: 1
Leases: 1
AC
Wall Unit(s): 1
Utilities
Cable Available: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Electric Range: 1
Refrigerator: 1
Topography/Lot Description
Sloped: 1
Flooring
Carpet: 1
Vinyl: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Asphalt: 1
Deeded: 1
Existing Finance
Conventional: 1
Porch/Patio/Deck
Breezeway: 1
Walls
Drywall: 1
Expenses Include
Electric: 1
Property Insurance: 1
Water/Sewer: 1
Location Tax Legal Info
Street #: 1500
Street Name: Bell Ridge
St Suffix: Road
County: Washington
State/Province: TN
Zip Code: 37601
Area: 303 - SE Johnson City
Status Change Info
Date Pending: 2018-07-20
Sold Date: 2018-08-20
Sold Price: $1,450,000
Property Features
Property Condition: Above Average
Levels: Two
Exterior Finish: Brick
Interior Features: Laminate Counters
Appliances: Electric Range; Refrigerator
Flooring: Carpet; Vinyl
Roof: Shingle
Parking Features: Asphalt; Deeded
Heating: Baseboard
Water: Public
Sewer: Public Sewer
AC: Wall Unit(s)
Utilities: Cable Available
Walls: Drywall
Info Available: Appraisal; Leases
Easements: None
Financing: Cash; Conventional
Existing Finance: Conventional
Expenses Include: Electric; Property Insurance; Water/Sewer
Listing Office: Crye-Leike Realtors
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.