$674,999
Johnson City, TN 37604
MLS# 9979343
2750 sqft
1 / 31
Property Description
Investment opportunity in the heart of Johnson City! A beautifully maintained 6-unit apartment building offering solid cash flow with value-add potential. Currently bringing in $60,240 annually in rental income with below-market rents, this property offers an excellent upside for investors looking to maximize returns. The upstairs has 2-(2bed/1bath) units The main level has 2-(2bed/1bath) units. and back side of the building on the lowest level there are 2-(1bed/1bath) units. All units have tile flooring, fresh paint, and newer appliances. With its central location, proximity to downtown, ETSU, and major employers, this property is ideally positioned for long-term appreciation and increased rent potential! *Information deemed reliable but not guaranteed, buyer/buyers agent to verify all information.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 053o B 006.00
Deed Book #: R427
Deed Page #: I1954
Plat Map: O
City Taxes: 0
County Taxes: 2102.62
Contract Info
List Price/SqFt: 245.45
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 674999
Current Price: $674,999
Listing Date: 2025-04-25
General Property Description
Acres: 0.38
Lease: Yes
Lot Size: 99.89 X 176 IRR (.38 AC)
Zoning: Commercial
HOA Y/N: No
Stories: 2
Total SqFt Finished: 1375
Total SqFt Unfinished: 1375
Annual Lease $: 60240
Year Built: 1965
Total SqFt: 2750
Remarks & Misc
Public Remarks: Investment opportunity in the heart of Johnson City! A beautifully maintained 6-unit apartment building offering solid cash flow with value-add potential. Currently bringing in $60,240 annually in rental income with below-market rents, this property offers an excellent upside for investors looking to maximize returns. The upstairs has 2-(2bed/1bath) units The main level has 2-(2bed/1bath) units. and back side of the building on the lowest level there are 2-(1bed/1bath) units. All units have tile flooring, fresh paint, and newer appliances. With its central location, proximity to downtown, ETSU, and major employers, this property is ideally positioned for long-term appreciation and increased rent potential!
*Information deemed reliable but not guaranteed, buyer/buyers agent to verify all information.
Directions: From Johnson City go northeast on Cherry St toward buffalo st, then turn left at the f1st cross street onto buffalos st. the turn at the 1st cross street onto w state of franklin rd, then turn left onto west walnut st, the property will be on your left. NO sign.
Property Condition
Above Average: 1
Business Type
Residential: 1
Exterior Finish
Brick: 1
Vinyl Siding: 1
Other Equipment
Range: 1
Refrigerator: 1
Roof
Composition: 1
Shingle: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Development Status
Finished Lot(s): 1
Heating
Baseboard: 1
Info Available
Other: 1
AC
Window Unit(s): 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Utility Easement: 1
Easements
Gas Line: 1
Financing
Cash: 1
Conventional: 1
FHA: 1
Sale Includes
See Remarks: 1
Location Tax Legal Info
Street #: 3411
St Direction: West
Street Name: Walnut
St Suffix: Street
County: Washington
State/Province: TN
Zip Code: 37604
Area: 304 - SW Johnson City
Subdivision: Not In Subdivision
Property Features
Property Condition: Above Average
Business Type: Residential
Exterior Finish: Brick; Vinyl Siding
Other Equipment: Range; Refrigerator
Roof: Composition; Shingle
Electric Service: 220 Volts
Development Status: Finished Lot(s)
Heating: Baseboard
AC: Window Unit(s)
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Other
Restrictions: Utility Easement
Easements: Gas Line
Financing: Cash; Conventional; FHA
Sale Includes: See Remarks
Listing Office: True North Real Estate
Last Updated: December - 31 - 2025
Information deemed reliable but not guaranteed.