$674,999
Johnson City, TN 37604
MLS# 9979408
1 / 13
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
City Taxes: 0
County Taxes: 2102.62
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 674999
Current Price: $674,999
Listing Date: 2025-04-28
General Property Description
Lot Dimensions: 99.89 X 176 IRR (.38 AC)
Acres: 0.38
Zoning: Commercial
# Buildings: 1
Elementary School: Jonesborough
# of Units: 6
Middle School: Jonesborough
Total Units: 6
High School: David Crockett
Stories: 2
HOA Y/N: No
Property Sub-Type: Multi Family
Year Built: 1965
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
Exterior Finish
Brick: 1
Vinyl Siding: 1
Unit 1
# Bedrooms: 2
# Bathrooms: 1
Unit 2
# Bedrooms: 2
# Bathrooms: 1
Style
Traditional: 1
Roof
Asphalt: 1
Shingle: 1
Unit 3
# Bedrooms: 2
# Bathrooms: 1
Levels
Two: 1
Unit 4
# Bedrooms: 2
# Bathrooms: 1
Heating
Baseboard: 1
Info Available
Leases: 1
AC
Window Unit(s): 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Range: 1
Refrigerator: 1
Topography/Lot Description
Cleared: 1
Level: 1
Flooring
Tile: 1
Easements
Gas Line: 1
Financing
Cash: 1
Conventional: 1
FHA: 1
Structure Type
Multi Family: 1
Location Tax Legal Info
Street #: 3411
St Direction: West
Street Name: Walnut
St Suffix: Street
County: Washington
State/Province: TN
Zip Code: 37604
Property Features
Property Condition: Above Average
Style: Traditional
Levels: Two
Exterior Finish: Brick; Vinyl Siding
Appliances: Range; Refrigerator
Flooring: Tile
Roof: Asphalt; Shingle
Heating: Baseboard
Water: Public
Sewer: Public Sewer
AC: Window Unit(s)
Structure Type: Multi Family
Info Available: Leases
Easements: Gas Line
Financing: Cash; Conventional; FHA
Listing Office: True North Real Estate
Last Updated: December - 31 - 2025
Information deemed reliable but not guaranteed.