$680,000
Johnson City, TN 37615
MLS# 354794
Status: Closed
1 / 24
Property Description
GOOD LOOKING INCOME PRODUCING PROPERTY LOCATED IN THE GROWING BOONES CREEK AREA! This Well Maintained Apartment Complex Offers 11 Townhouse Style, 2 BR Apartments with an Excellent Rental History (6 Units are currently rented for $700 per month and 5 units are currently rented for $675 per month). City Water and Sewer, but only County Taxes. Gross Income of $90,000 + per year. Let your Tenants buy this Property for You! An Investor gains in three ways....Net Monthly Rental Income over and above payments, the property continues to appreciate in value day after day, and there are definite Tax Benefits. This may be the Best Time to Buy Investment Property in Our Lifetime! Interest Rates are Low and Inflation will Return. Information Packets with Maps and Financial Details are available on request.
Details
Maps
Documents
Location, Tax & Legal Info
Unit #: -
Parcel ID: 001.01
City Taxes: 0
County Taxes: 5526.1
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 789900
Current Price: $680,000
Listing Date: 2014-10-09
General Property Description
Lot Dimensions: 151 X 291 X 147 X 294
Acres: 0.99
Zoning: R-3
# Buildings: 2
Elementary School: Boones Creek
# of Units: 11
Middle School: Boones Creek
High School: Daniel Boone
Property Sub-Type: Multi Family
Year Built: 1998
Remarks & Misc
Directions: From I-26 take the Boones Creek Road exit EAST toward North Roan Street, LEFT on North Roan Street toward Kingsport, RIGHT on Rockingham Rd.,
Property Condition
Above Average: 1
Exterior Finish
Brick: 1
Style
Townhouse: 1
Roof
Composition: 1
Levels
Two: 1
Interior Features
Laminate Counters: 1
AC
Central Air: 1
Heat Pump: 1
Easements
None: 1
Parking Features
Asphalt: 1
Existing Finance
Lender of Record: 1
Location Tax Legal Info
Street #: 200-404
Street Name: LAKECREST
St Suffix: Lane
County: Washington
State/Province: TN
Zip Code: 37615
Area: 307 - Gray/Boones Creek
Status Change Info
Date Pending: 2015-10-12
Sold Date: 2015-11-13
Sold Price: $680,000
Property Features
Property Condition: Above Average
Style: Townhouse
Levels: Two
Exterior Finish: Brick
Interior Features: Laminate Counters
Roof: Composition
Parking Features: Asphalt
AC: Central Air; Heat Pump
Easements: None
Existing Finance: Lender of Record
Disclaimer Notice 
Listing Office: REMAX Checkmate, Inc. Realtors
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.