$545,000
Johnson City, TN 37604
MLS# 402921
Status: Closed
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Property Description
Beautiful, and well maintained investment property townhomes now available. Currently at a 7.33% Cap rate. 3 bedroom, 2 full bath in each. Built in 2004, west side of Johnson City. Achieve a favorable caprate with these high occupancy ratesTown homes centrally located - 1 mile to. ETSU/JCMC/VA.Units have 3 bedrooms 2 baths and drive under garage.Upstairs has 2 bedrooms, 1 full bath, living room, and kitchen.Downstairs has 1 bedroom, 1 full bath, washer/dryer hoop up, and one car garage.Small complex professionally managed with 2 buildings containing 3 units each.High occupancy rate @ 850.00 month. 2016 gross $ 59,500.2017 gross $ 62,200.All units have been remodeled to include crown molding, fresh paint, laminate hardwood, ceramic tile, stainless appliances, and upscale lighting.
Details
Maps
Documents
Location, Tax & Legal Info
Unit #: -
Parcel ID: 053L C 009.00
City Taxes: 2732
County Taxes: 3440
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 595000
Current Price: $545,000
Listing Date: 2018-02-25
General Property Description
Lot Dimensions: 36520
Acres: 0.88
Zoning: R
# Buildings: 2
Elementary School: Cherokee
# of Units: 6
Middle School: Indian Trail
High School: Science Hill
Stories: 2
Property Sub-Type: Multi Family
Year Built: 2004
Remarks & Misc
Directions: Head down west walnut from state of franklin, then turn right onto Textile St, Apartments are at the end on the back right.
Property Condition
Above Average: 1
Income and Expenses
Net Annual Income: 51767
Gross Annual Income: 62200
Exterior Finish
Vinyl Siding: 1
Unit 1
# Units: 3
# Bedrooms: 3
# Bathrooms: 2
Monthly Rent: 850
Unit 2
# Units: 3
# Bedrooms: 3
# Bathrooms: 2
Monthly Rent: 850
Style
Townhouse: 1
Roof
Shingle: 1
Heating
Electric: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Topography/Lot Description
Cleared: 1
Easements
None: 1
Parking Features
Attached: 1
Garage
Garage Spaces: 1
Porch/Patio/Deck
Deck: 1
Porch: 1
Walls
Drywall: 1
Location Tax Legal Info
Street #: 2420
Street Name: Textile
St Suffix: Street
County: Washington
State/Province: TN
Zip Code: 37604
Area: 304 - SW Johnson City
Status Change Info
Date Pending: 2018-06-25
Sold Date: 2018-08-15
Sold Price: $545,000
Property Features
Property Condition: Above Average
Style: Townhouse
Exterior Finish: Vinyl Siding
Roof: Shingle
Parking Features: Attached
Heating: Electric
Water: Public
Sewer: Public Sewer
AC: Heat Pump
Walls: Drywall
Easements: None
Disclaimer 
Listing Office: REMAX Checkmate, Inc. Realtors
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.