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201 Roscoe Fitz Road

Johnson City, TN 37615
  • $7,990,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 9948247
UPDATED: 59 min ago
$7,990,000
  • 68
    BEDS
  • 5.47
    ACRES
  • 34
    BATHS
  • 0
    1/2 BATHS
  • 33,492
    SQFT
  • $239
    $/SQFT
Type:
Multi-Family
Built:
2018
County:

School Information

Elementary School:
Middle School:
High School:

Description

WANTED.... FUTURE BILLIONIARE!!!Fantastic investment opportunity with this newer established, well maintained craftsmen style 34-unit complex totaling 6 buildings. Each unit will greet you with an open floor plan, vaulted ceilings, eat-in kitchen with pantry, custom stained concrete floors, 2 bedrooms, 1 bathroom, attached garage, and private back patio. Property has a current cap rate above 6%, current monthly income of $48,300.00 and room for growth with raisable rents. Yearly expenses are on an average of the last 10 months.**Buyer and buyers agent to verify all infomation**

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© 2023 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: 2023-03-25T08:59:53.253.
www.highlandsrealtyinc.com/homes/136977978
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201 Roscoe Fitz Road Johnson City, TN 37615

  • Price: $7,990,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 59 min ago
  • MLS #: 9948247
68
Beds
34
Baths
0
½ Baths
5.47
Acres
33,492
SQFT
$239
$/SQFT
2018
Built
County:
Washington
Elementary School:
Ridgeview
Middle School:
Ridgeview
High School:
Daniel Boone
Property Description
WANTED.... FUTURE BILLIONIARE!!!Fantastic investment opportunity with this newer established, well maintained craftsmen style 34-unit complex totaling 6 buildings. Each unit will greet you with an open floor plan, vaulted ceilings, eat-in kitchen with pantry, custom stained concrete floors, 2 bedrooms, 1 bathroom, attached garage, and private back patio. Property has a current cap rate above 6%, current monthly income of $48,300.00 and room for growth with raisable rents. Yearly expenses are on an average of the last 10 months.**Buyer and buyers agent to verify all infomation**
Exterior Features

Exterior Finish BrickVinyl Siding Lot Dimensions Irr Parking Features AsphaltGarage Door OpenerParking Spaces Porch Patio Deck Front PatioRear Patio Roof Architect Shingle Style 1 StoryBungalow Topography Lot Description Level Walls Drywall

Interior Features

Ac Heat Pump Appliances DishwasherDisposalElectric RangeMicrowaveRefrigerator Building1 Number Rooms 170 Flooring ConcreteLuxury VinylOther Heating Heat Pump Interior Features Open FloorplanPantry Number Fireplaces 0

Property Features

Amenities Landscaping Auction No Building1 Monthly Rent 48300 Building1 Number Units 34 Building2 Number Units 0 Building3 Number Units 0 Building4 Number Units 0 City Taxes 0.00 County Taxes 24030.12 Easements None Expenses Include ElectricLawn MaintOtherProperty InsuranceRepairs And MaintWasteWater/Sewer Foreclosure No Income And Expenses Annual Operating Expenses 98353 Income And Expenses Gross Annual Income 579600 Income And Expenses Net Annual Income 481247 Property Condition Above Average Property Sub Type Other Sewer Public Sewer Short Sale No Water Public Zoning Residential

Listing information © 2023 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Brian Mcamis of Century 21 Legacy - Greeneville: (423) 639-6781.



© 2023 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: 2023-03-25T08:59:53.253.
 
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