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423-968-7653
Multifamily (Multi-Family)

401 East Chilhowie Ave
Johnson City, TN 37601

2 Story  Stories: 2
FOR SALE – An offer has been accepted, BUT there are contigencies.
Price: $279,000  Price Per ft²: $inf  List Date: 2021-09-08  DOM:  38
City Tax: $1,000 County Tax: $1,257
Year Built: 1910 About homes built before 1978

Lot Size: 0.00 acre(s)Lot Dimensions: 100 x 150Topography: Level
Heating: Central, Heat PumpCooling: Central Air, Heat PumpWater & Sewage: Public
Appliances: Range, Refrigerator

Description

Triplex in a highly desirable location of Johnson City. Easy access to Interstate 26, ETSU undergraduate campus, Johnson City Medical Center and the vibrant downtown of Johnson City . This triplex is on a corner lot and offers two spacious 1-bedroom, 1-bath apartments and one 3- bedroom, 2-bath apartment. There is also a detached two car garage (currently generating revenue as a storage unit) and a fenced in backyard. Brand new roof placed in 2021 and gutter system upgraded. Two out of the three units have been recently remodeled and ready for buyer's choice of tenants. When fully occupied rental revenues are projected at $3000. Cap Rate: 10%. Note: The property is officially a triplex, but utilities are in one common meter. Pre Approval Letter Or Bank Statement To Be Confirmed Before Showings Are Accepted. Not accepting V/A as a loan option Cash Or Conventional Loan Options only. *All information deemed reliable but not guranteed. Property Sold As Is Buyer/Agent to verify*

Community Information

Geographical
County: Washington
Subdivision:
Zoning: R 5
School System
North Side Elementary
Liberty Bell Middle
Science Hill High

Interior

Flooring: Carpet Basement & Foundation: Concrete, Unfinished  Other Features: Remodeled 

Exterior

Porch, Patio, Decking Detail:  Front Porch, Rear Patio Roof: Asphalt Exterior Finish: Vinyl Siding Garage: 2 

Photos

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Listing by Bridge Pointe Real Estate Jonesborough
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