$799,000
Johnson City, TN 37615
MLS# 9979565
Status: Active Under Contract
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Property Description
Looking for an investment opportunity? Look no further!! OWNER FINANCING AVAILABLE This unique property consists of 2 separate parcels totaling approximate 3.7 acres with ''7'' rental income producing single family homes (all on sewer) and ''2'' additional garages located right off Gray Station Road, which is just minutes from Franklin Woods Medical Center, Boone Lake, and other local restaurants and shopping. All properties are on month to month and annually grossing approximately $73,000 EXPENSES ARE: - Property taxes for 2024 were $3,354.17 - Water is approx. $450 per month All showing require a minimum of 24hr notice to notify tenants. Listing agent can provide photos of ''most'' interior units upon request of pre-approved buyer. This property is being sold AS IS and priced to sell quickly... Contact your Realtor TODAY! OWNER FINANCING OPTION: - 25% down - 6% interest rate - 30-year amortization - 5-year balloon Realtors - Please READ private remarks
Details
Maps
Location, Tax & Legal Info
Parcel ID: 005j F 003.00
Deed Book #: R254
Deed Page #: I2193
City Taxes: 0
County Taxes: 1794.22
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active Under Contract
Listing Price: 799000
Current Price: $799,000
Listing Date: 2025-04-30
General Property Description
Lot Dimensions: 150642 sq ft
Acres: 3.7
Zoning: R
# Buildings: 9
Elementary School: Gray
Middle School: Gray Middle
Total Units: 7
High School: Daniel Boone
Senior Community YN: No
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Other
Year Built: 1935
Remarks & Misc
Public Remarks: Looking for an investment opportunity?
Look no further!!
OWNER FINANCING AVAILABLE
This unique property consists of 2 separate parcels totaling approximate 3.7 acres with ''7'' rental income producing single family homes (all on sewer) and ''2'' additional garages located right off Gray Station Road, which is just minutes from Franklin Woods Medical Center, Boone Lake, and other local restaurants and shopping.
All properties are on month to month and annually grossing approximately $73,000
EXPENSES ARE:
- Property taxes for 2024 were $3,354.17
- Water is approx. $450 per month
All showing require a minimum of 24hr notice to notify tenants.
Listing agent can provide photos of ''most'' interior units upon request of pre-approved buyer.
This property is being sold AS IS and priced to sell quickly...
Contact your Realtor TODAY!
OWNER FINANCING OPTION:
- 25% down
- 6% interest rate
- 30-year amortization
- 5-year balloon
Realtors - Please READ private remarks
Directions: From
6547 Kingsport Hwy, Johnson City, TN 37615
Head northwest on Kingsport Hwy / TN-36 toward Ben Jenkins Rd
Turn left onto Gray Station Rd
Turn left to stay on Gray Station Rd
Keep right to stay on Gray Station Rd
Arrive at Gray Station Rd on the right
Property Condition
Average: 1
Fixer: 1
Other Structures
Garage(s): 1
Storage: 1
Workshop: 1
Exterior Finish
Other: 1
See Remarks: 1
Unit 1
# Units: 7
Unit 2
# Units: 7
Style
Traditional: 1
Unit 3
# Units: 7
Levels
One: 1
Unit 4
# Units: 7
Window Features
Other: 1
View
Mountain(s): 1
Heating
See Remarks: 1
AC
See Remarks: 1
Water
Public: 1
Sewer
Public Sewer: 1
Topography/Lot Description
Level: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Easements
See Remarks: 1
Parking Features
See Remarks: 1
Porch/Patio/Deck
See Remarks: 1
Foundation
See Remarks: 1
Structure Type
House: 1
Location Tax Legal Info
Street #: 166-178
Street Name: Gray Station
St Suffix: Road
County: Washington
State/Province: TN
Zip Code: 37615
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2025-09-15
Property Features
Property Condition: Average; Fixer
Style: Traditional
Levels: One
Exterior Finish: Other; See Remarks
Parking Features: See Remarks
Other Structures: Garage(s); Storage; Workshop
View: Mountain(s)
Heating: See Remarks
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Window Features: Other
Sewer: Public Sewer
Foundation: See Remarks
AC: See Remarks
Structure Type: House
Easements: See Remarks
Listing Office: Hurd Realty, LLC
Last Updated: September - 15 - 2025
Information deemed reliable but not guaranteed.