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423-968-7653
Apple Realty and Auction
Multifamily

2805 W Walnut St, Johnson City, TN 37604

2 Story  Stories: 2
FOR SALE
Price: $850,000  Price Per SqFt: List Date: 2019-06-18  DOM:  27
City Tax: $3,773 County Tax: $4,751
Year Built: 1967 About homes built before 1978

Lot Size: 1 acre(s)Lot Dimensions: 1.1 Acres
Heating: BaseboardCooling: Wall UnitWater & Sewage: Sewer-Public, Water-Public
Appliances: Range, Refrigerator

Description

22-Unit apartment complex in prime location within 5 minutes of Johnson City Medical Center and downtown Johnson City. Building 1 has ten units all of which are 1-bedroom units. Building 2 has twelve units which include two studios and ten 2-bedroom unit. Since acquisition, seven of the units have been fully upgraded with modern flooring, kitchen cabinetry and appliances. Brand new roof placed in one of the buildings in 2018. Currently, 20 units out of 22 are occupied and brings in monthly rent of $8500. The two studio units have been gutted for modern renovations as well. Plenty of room for rent growth north of $10,000. Don't miss out on this fantastic opportunity to own these great properties in this fast-growing community at under $37,000 per door. 24 Hour notice for all showings and listing agent and/or property manager must accompany all showings.

All information deemed reliable but guaranteed. Buyer/Buyer's Agent to verify all information within.

Community Information

Geographical
Area: SW Johnson City
County: Washington-tn
Subdivision:
Zoning: B3
School System
Cherokee Elementary
Indian Trail Middle
Science Hill High

Interior

Flooring: Carpet, Ceramic 

Exterior

Porch, Patio, Decking Detail:  Front, Porch Roof: Composition Shingle Exterior Finish: Block, Brick 

Photos

Listing by Bridge Pointe Real Estate, Llc
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