Johnson City, TN 37604,2805 Walnut ST
Johnson City, TN 37604,2805 Walnut ST
Johnson City, TN 37604,2805 Walnut ST
123
$1,152,500
$1,325,000
13.0%
Est.Price: ?

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1.1 Acres Lot

2805 Walnut ST Johnson City, TN 37604

Est. payment /mo
SOLD DATE : 03/22/2021

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Key Details

Sold Price $1,152,500

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not In Subdivision

MLS Listing ID 9918404

Sold Date 03/22/21

Originating Board Tennessee/Virginia Regional MLS

Year Built 1967

Lot Size 1.100 Acres

Acres 1.1

Lot Dimensions Unkown

Property Description

22-Unit apartment complex in prime location within 5 minutes of Johnson City Medical Center and downtown Johnson City. Since acquisition, over $600K in building upgrades have been completed by certified contractors. This apartment complex has two buildings. One building has ten units all of which are 1-bedroom units. The second building has twelve units which include two studios and ten 2-bedroom units. Almost all of the units have been fully upgraded with new flooring, HVAC units, modern bathroom, kitchen cabinetry and appliances. Both buildings have a new roof. Parking lot has been resurfaced recently. Currently, the apartment complex has 100% occupancy (all 22 units out of 22 units are occupied) and brings in monthly rent of $11,785. Still plenty of room for rent growth up to $16,000 per month. Don't miss out on this fantastic opportunity to own a high cash-flow, high occupancy apartment complex in this fast-growing community. 24 Hour notice for all showings and listing agent and/or property manager must accompany all showings. **All information deemed reliable but not guaranteed. Buyer/Buyer's Agent to verify all information within.**

Location

State TN

County Washington

Community Not In Subdivision

Area 1.1

Zoning RO 1

Direction From State of Franklin towards hospital. Turn right onto W Walnut. Apartment are on the left.

Interior

Interior Features Kitchen/Dining Combo, Laminate Counters, Open Floorplan, Remodeled, Restored

Heating Heat Pump, Electric, Central, Baseboard, Electric

Cooling Heat Pump, Wall Unit(s), Window Unit(s)

Flooring Vinyl, Tile

Window Features Double Pane Windows

Appliance Electric Range, Refrigerator

Heat Source Heat Pump, Electric, Central, Baseboard

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Garage Asphalt, Parking Spaces

Utilities Available Cable Available

Amenities Available Landscaping

Roof Type Rubber

Parking Type Asphalt, Parking Spaces

Building

Lot Description Sloped, Cleared

Entry Level Two

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Block,Other

New Construction No

Schools

Elementary Schools Cherokee

Middle Schools Indian Trail

High Schools Science Hill

Others

Senior Community No

Tax ID 053m B 003.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Cory Peters • Bridge Pointe Real Estate Jonesborough
Bought with Bryan Sangid • The Brokers Realty & Auction

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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