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423-968-7653
Multifamily (Multi-Family)

1240 Knob Creek Rd
Johnson City, TN 37604

1 Story, Ranch, See Remarks
FOR SALE
Price: $1,100,000  Price Per ft²: $inf  List Date: 2022-09-18  DOM:  19
City Tax: $808 County Tax: $1,005
Year Built: 1940 About homes built before 1978

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.97 acre(s)Lot Dimensions: 100x409x97x402Topography: Level, See Remarks
Heating: Central, Heat PumpCooling: Central Air, Heat PumpWater & Sewage: Public

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

Community Information

Geographical
County: Washington
Subdivision:
Zoning: R4
School System
Woodland Elementary Elementary
Liberty Bell Middle
Science Hill High

Interior

Exterior

Exterior Finish: Brick, See Remarks, Wood Siding 

Photos

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Listing by Bridge Pointe Real Estate Jonesborough
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