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 Asking Price: $239,000 or best offer

Owner Expenses
Taxes:                      
        City    -    $1,361.84/yr     
                 County    -    $1,712.26/yr                
               Total Tax:         $3,074.10/yr  $256.17/M        

Potential revenue is $1,200/m for the 3 bedroom units and $700/m for 1 bedroom units. $3,800/m

Property Details

4 units in total: Two 3-bedroom, 2 bathroom units and two, 1-bedroom, 1 bathroom units. Total sqft is 3,710 and currently tax assessed at $199,100.

The exterior is in great shape! No structural problems. New roof, New windows, and the two upstairs units are equipped with hardwood floors. Tons of parking spaces, 2 private parking places to the front of the property as well as an entire parking lot to the rear with alley access. The space in this property is impressive. Both the top and middle units have 3 bedrooms and 2 full bathrooms with 1,250 sqft each. The 2 lower units are more modest but have plenty of space as studios. 1 bedroom and 1 bathroom with 600 sqft each. Laundry available in all units. This multifamily property is located in downtown Johnson city in the Tree Streets area! 

Repairs

The lot needs landscaping and ladder wells need paint. The back lot is paved but is old, sewer lines are original and run underneath it and need to be replaced. Each unit needs a full HVAC installation with duct or splits. The entire building needs new electrical or at minimum upgraded panels.

• Unit 1 (top-level) and Unit 2 (middle level): Needs flooring throughout and kitchen remodel. Needs some finish work on sheetrock and paint. The master bath in both units have walk-in showers and to be tiled and new toilets are needed in both bathrooms.
• Unit 3 and 4 (lower level) Both need about the same work. Flooring throughout, bathroom and kitchen updates. There is some paneling in each unit that needs replacement.

 CALL OR TEXT: 423-482-8647

for more information and to schedule a walk-through