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1240 Knob Creek Road

Johnson City, TN 37604
  • $1,100,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 9943600
UPDATED: 37 min ago
$1,100,000
  • 0
    BEDS
  • 0.97
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Information

Elementary School:
Middle School:
High School:

Description

Multi Family Income Producing Portfolio For Sale along with R4 zoning to add 13 more condo/apartments in the heart of Johnson City!!!2 single family homes that have long term tenants in them, one of 15 years both on Knob Creek Rd and 6 - one bedroom flats that are brick with a newer metal roof that's walking distance to all of downtown! Individually metered water and electric. Most tenants have been long term renters. Rents have started to come up in recent months.This portfolio can cash flow over $7000 a month BEFORE adding new buildings!!! Nearby new construction condos are selling in the $500's!!Additional addresses include:1015 Knob Creek Rd1007/1009 Division StreetCreate a nice airbnb portfolio that's convenient to everything in our area! Develop and build what you're dreaming and wish was here..... design what you loveCapital Improvements included but not limited to: Newer metal roofs, at least 1 inside renovation with current owner, some twice! 1240 has had $20k worth of trees removed, pool installed and fence. 1015 has new gutters and several trees removed. 1007/1009 has had over $5k of trees removed, 1009 has had entire meter base replaced, new HVAC in unit 3, just within the last 12 months!Many things recently done to minimize cap ex for the future owner. R4 zoning allows up to 14 dwellings per acre

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© 2022 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: 2022-10-07T18:00:04.377.
www.highlandsrealtyinc.com/homes/133199464
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1240 Knob Creek Road Johnson City, TN 37604

  • Price: $1,100,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 37 min ago
  • MLS #: 9943600
0
Beds
0
Baths
0
½ Baths
0.97
Acres
1940
Built
Neighborhood:
Not In Subdivision
County:
Washington
Elementary School:
Woodland Elementary
Middle School:
Liberty Bell
High School:
Science Hill
Property Description
Multi Family Income Producing Portfolio For Sale along with R4 zoning to add 13 more condo/apartments in the heart of Johnson City!!!2 single family homes that have long term tenants in them, one of 15 years both on Knob Creek Rd and 6 - one bedroom flats that are brick with a newer metal roof that's walking distance to all of downtown! Individually metered water and electric. Most tenants have been long term renters. Rents have started to come up in recent months.This portfolio can cash flow over $7000 a month BEFORE adding new buildings!!! Nearby new construction condos are selling in the $500's!!Additional addresses include:1015 Knob Creek Rd1007/1009 Division StreetCreate a nice airbnb portfolio that's convenient to everything in our area! Develop and build what you're dreaming and wish was here..... design what you loveCapital Improvements included but not limited to: Newer metal roofs, at least 1 inside renovation with current owner, some twice! 1240 has had $20k worth of trees removed, pool installed and fence. 1015 has new gutters and several trees removed. 1007/1009 has had over $5k of trees removed, 1009 has had entire meter base replaced, new HVAC in unit 3, just within the last 12 months!Many things recently done to minimize cap ex for the future owner. R4 zoning allows up to 14 dwellings per acre
Exterior Features

Exterior Finish BrickSee RemarksWood Siding Fencing Back YardFront Yard Lot Dimensions 100X409x97x402 Style 1 StoryRanchSee Remarks Topography Lot Description LevelSee Remarks

Interior Features

Ac Central AirHeat Pump Heating CentralHeat Pump

Property Features

Auction No Building1 Number Units 1 Building2 Number Units 1 Building3 Number Units 1 Building4 Number Units 1 City Taxes 808.34 County Taxes 1004.59 Easements See Remarks Financing CashConventionalOther Foreclosure No Property Condition Average Property Sub Type Multi-Family Sewer Public Sewer Short Sale No Water Public Zoning R4

Listing information © 2022 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Laura Meade of Bridge Pointe Real Estate Jonesborough: (423) 482-9616.



© 2022 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: 2022-10-07T18:00:04.377.
 
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