$2,350,000
Jonesborough, TN 37659
MLS# 428335
Status: Closed
34125 sqft
1 / 25
Property Description
Nice investment property Includes three separate tracts of land. Parcel ID 060A A 012.03 and 060A A 012.04 and 060 001.02 which is 13+ acres of undeveloped land right on W. Jackson Blvd Total of 40 units. There is 20 -1 bedroom units and 20- 2 bedroom units. There is 4 separate buildings. The first building was built in 1982 the remaining 3 buildings were built in 1992. A little over 1/2 of the units have been remodeled to include tile floors and granite counter tops. Very low vacancy rate. All information deemed reliable but should be verified by buyer and buyers agent.
Details
Maps
Documents
Location, Tax & Legal Info
Unit #: All
Parcel ID: 060a A012.03
Deed Book #: R924
Deed Page #: I2528
City Taxes: 10314.29
County Taxes: 18729.72
Contract Info
List Price/SqFt: 73.26
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 2500000
Current Price: $2,350,000
Listing Date: 2019-10-08
General Property Description
Lot Dimensions: see acreage
Acres: 15
Zoning: Commercial
# Buildings: 4
Elementary School: Jonesborough
# of Units: 40
Middle School: Jonesborough
Total Units: 40
High School: David Crockett
Stories: 2
Property Sub-Type: Multi Family
Year Built: 1982
Total SqFt: 34125
Remarks & Misc
Directions: From Johnson city Take 11E towards Greeneville TN Apartments are on Right about 1/2 mile past Washington County Court House
Property Condition
Above Average: 1
Income and Expenses
Annual Operating Expenses: 74608
Annual Utility Expenses: 5220
Net Annual Income: 138393
Gross Annual Income: 252340
Exterior Finish
Stucco: 1
Wood Siding: 1
Unit 1
# Units: 16
# Rooms: 72
# Bedrooms: 24
# Bathrooms: 24
# Half Baths: 0
SqFt: 13650
Monthly Rent: 97020
Unit 2
# Units: 8
# Rooms: 36
# Bedrooms: 12
# Bathrooms: 12
# Half Baths: 0
SqFt: 6825
Monthly Rent: 51540
Style
Townhouse: 1
Roof
Composition: 1
Shingle: 1
Unit 3
# Units: 8
# Rooms: 36
# Bedrooms: 12
# Bathrooms: 12
Half Baths: 0
SqFt: 6825
Monthly Rent: 50400
Levels
Three Or More: 1
Unit 4
# Units: 8
# Rooms: 36
# Bedrooms: 12
# Bathrooms: 12
Half Baths: 0
SqFt: 6825
Monthly Rent: 52380
Interior Features
Remodeled: 1
Heating
Heat Pump: 1
Info Available
Leases: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Topography/Lot Description
See Remarks: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Laminate: 1
Easements
None: 1
Basement
Block: 1
Finished: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Asphalt: 1
None: 1
Other Rooms
Primary Bathroom: 1
Porch/Patio/Deck
Patio: 1
Walls
Drywall: 1
Foundation
Block: 1
Structure Type
House: 1
Expenses Include
All Services: 1
Lawn Maint: 1
Property Insurance: 1
Property Management: 1
Repairs and Maint: 1
Taxes Real Estate: 1
Location Tax Legal Info
Street #: 420
Street Name: Jackson
St Suffix: Boulevard
County: Washington
State/Province: TN
Zip Code: 37659
Area: 309 - Jonesborough/The Ridges Subdiv
Status Change Info
Date Pending: 2020-06-28
Sold Date: 2020-10-15
Sold Price: $2,350,000
Property Features
Property Condition: Above Average
Style: Townhouse
Levels: Three Or More
Exterior Finish: Stucco; Wood Siding
Interior Features: Remodeled
Appliances: Dishwasher; Range; Refrigerator
Flooring: Carpet; Ceramic Tile; Laminate
Roof: Composition; Shingle
Other Rooms: Primary Bathroom
Parking Features: Asphalt; None
Heating: Heat Pump
Water: Public
Sewer: Public Sewer
Basement: Block; Finished
Foundation: Block
AC: Heat Pump
Structure Type: House
Walls: Drywall
Info Available: Leases
Easements: None
Financing: Cash; Conventional
Expenses Include: All Services; Lawn Maint; Property Insurance; Property Management; Repairs and Maint; Taxes Real Estate
2019 P&L 
Listing Office: Arbella Properties JC
Last Updated: April - 25 - 2023
Information deemed reliable but not guaranteed.