$799,000
Johnson City, TN 37615
MLS# 9979640
Status: Active Under Contract
199998 sqft
1 / 49
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: 3354.17
Contract Info
List Price/SqFt: 4
Foreclosure: No
Short Sale: No
Auction: No
Status: Active Under Contract
Listing Price: 799000
Current Price: $799,000
Listing Date: 2025-05-01
General Property Description
Acres: 3.7
Lease: No
Lot Size: 150642 sq ft
Zoning: R
HOA Y/N: No
Total SqFt Finished: 99999
Total SqFt Unfinished: 99999
Annual Lease $: 73000
Year Built: 1935
Total SqFt: 199998
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
Below Average: 1
Fixer: 1
Business Type
Residential: 1
Exterior Finish
See Remarks: 1
Other Equipment
Additional Building(s): 1
See Remarks: 1
Road Access
See Remarks: 1
Electric Service
See Remarks: 1
Development Status
See Remarks: 1
Heating
See Remarks: 1
Info Available
See Remarks: 1
AC
See Remarks: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Indiv/Seller Financing: 1
Other: 1
See Remarks: 1
Sale Includes
See Remarks: 1
Location Tax Legal Info
Street #: 166-178
Street Name: Gray Station
St Suffix: Road
County: Washington
State/Province: TN
Zip Code: 37615
Area: 307 - Gray/Boones Creek
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2025-09-15
Property Features
Property Condition: Average; Below Average; Fixer
Business Type: Residential
Exterior Finish: See Remarks
Other Equipment: Additional Building(s); See Remarks
Electric Service: See Remarks
Development Status: See Remarks
Heating: See Remarks
AC: See Remarks
Water: Public
Sewer: Public Sewer
Road Access: See Remarks
Info Available: See Remarks
Restrictions: See Remarks
Financing: Cash; Conventional; Indiv/Seller Financing; Other; See Remarks
Sale Includes: See Remarks
Listing Office: Hurd Realty, LLC
Last Updated: September - 15 - 2025
Information deemed reliable but not guaranteed.