121 Carter N

    Johnson City, TN 37601
    • $899,000
    • STATUS: Active Under Contract
    • ON SITE: 588 days
    • MLS #: 389877
    Under Contract
    UPDATED: 41 min ago
    $899,000
    • 0
      BEDS
    • 4.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    East Shore apartments now for Sale, right on Boone Lake. Great opportunity to acquire 25 units with great future earning potential. Portfolio consists of 5 buildings: a 14 unit with 1 four bedroom,3 one bedroom, and 10 two bedrooms. Next is building 2, consisting of 6 two BR, and then two cottages both two bedrooms, and finally a 3 unit with 3 two BR apartments. Currently leased to almost capacity, and a new roof. This has great value-add potential, and can be acquired for much lower than tax appraised value. Inquire regarding NOI. All information subject to Change, and to be verified by buyer or buyer's agent.

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    © 2018 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2018-11-16T18:59:58.68.
    www.highlandsrealtyinc.com/homes/71386328

    121 Carter N Johnson City, TN 37601

    • Price: $899,000
    • Status: Active Under Contract
    • Updated: 41 min ago
    • MLS #: 389877
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.2
    Acres
    1968
    Built
    Neighborhood:
    Nw Johnson City
    County:
    Washington-Tn
    Area:
    Nw Johnson City
    Elementary School:
    Lake Ridge
    Middle School:
    Indian Trail
    High School:
    Science Hill
    Property Description
    East Shore apartments now for Sale, right on Boone Lake. Great opportunity to acquire 25 units with great future earning potential. Portfolio consists of 5 buildings: a 14 unit with 1 four bedroom,3 one bedroom, and 10 two bedrooms. Next is building 2, consisting of 6 two BR, and then two cottages both two bedrooms, and finally a 3 unit with 3 two BR apartments. Currently leased to almost capacity, and a new roof. This has great value-add potential, and can be acquired for much lower than tax appraised value. Inquire regarding NOI. All information subject to Change, and to be verified by buyer or buyer's agent.
    Exterior Features

    Basement And Foundation Block WallConcrete FloorCrawl Space Exterior Features Dock/BoathouseDriveway-Asphalt Exterior Finish Brick Porch And Patio And Deck DeckPorch Roof Architect Shingle Style 2 Story Topo And Lot Description Lake Front

    Interior Features

    Appliances Range-ElectricRefrigeratorStove Cooling Window Unit Flooring CarpetLaminate Heating Baseboard Interior Features Cable AvailableCable ReadyCounters-LaminateEat In KitchenSmoke Detector(S)Storm Door(S) Unit2 Bedrooms 2 Unit3 Bedrooms 2 Unit4 Bedrooms 2 Walls DrywallPaneling

    Property Features

    Building1 Units 14 Building2 Units 6 Building3 Units 2 Building4 Units 3 Contingent Upon Financing Easements None Foreclosure YN No Gross Income 77600 Lot Size Dimensions 4.2 Multifamily Type Apt. Complex Property Condition Average Tax Amount 7815 Tax Town County 9946 Utilities Expenses 22700 Vacancy Rate 8 Water And Sewer Sewer-PublicWater-Public Zoning R

    Listing information © 2018 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of Jay Goodson of Remax Checkmate, Inc. Realtors.


    © 2018 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2018-11-16T18:59:58.68.
     
    Highlands Realty, Inc.
    461 W. Main St.
    Abingdon VA, 24210