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423-968-7653
Apple Realty and Auction
Multifamily

1205 Milligan Hwy, Johnson City, TN 37601

2 Story, Townhouse  Stories: 2
FOR SALE – An offer has been accepted, waiting to close
Price: $280,000  Price Per SqFt: List Date: 2018-07-12  DOM:  10
City Tax: $1,888 County Tax: $2,605Expenses Include: Lawn Maint., Property Insurance, Repairs and Maint., Taxes Real Estate, Waste
Year Built: 1991 
Lot Dimensions: 100.8x154.5 irrTopography: Rolling
Heating: Heat PumpCooling: Heat PumpWater & Sewage: Sewer-Public, Water-Public
Appliances: Dishwasher, Dryer, Range-Electric, Refrigerator, Washer

Description

Great investment property! First time on the market! This 5 unit apartment building is located in a prime location close to the interstate, ETSU, Milligan College, shopping and restaurants. Each townhouse has 2 spacious bedrooms, full bath, hall closet and linen closet upstairs. Main level consists of living room, coat closet with extra storage, convenient half bath with laundry area (stackable washer and dryer included), kitchen and dining area leading to back deck. Also, each unit has central vac. Townhouses are approximately 1,000 sq. feet. This property has great rental history and a low turnover rate. Three of the occupied units are long-term renters. Monthly rent is $550 per unit and renters pay own electric and water/sewer. Each unit has 2 parking spaces and there are several extra parking spaces. Exterior has just been freshly painted and property has been well-maintained. Don't miss out on this great opportunity! Call for your appointment today! Net annual income is average over last 4 years. Gross annual income is based on all units rented. Students have option of attending Elizabethton City Schools or Happy Valley. Sq. footage taken from Courthouse records. All information herein deemed reliable but not guaranteed.

Community Information

Geographical
Area: SE Johnson City
County: Carter
Subdivision:
Zoning: Commercial
School System
Happy Valley Elementary
Happy Valley Middle
Happy Valley High

Interior

Flooring: Carpet, Ceramic Basement & Foundation: Block Wall, Crawl Space, Piers  Other Features: Cable Ready, Central Vacuum, Counters-Laminate 

Exterior

Porch, Patio, Decking Detail:  Back, Deck Roof: Architect Shingle Exterior Finish: Stucco Garage: Parking Spaces Other Exterior: Window-Dbl Pane

Photos

Listing by Town & Country Realty - Downtown
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