Multifamily
(Multi-Family)
500 West Chestnut St, Johnson City, TN 37604
Raised Ranch
FOR SALE
Price: $405,000
Price Per ft²: $inf
List Date: 2024-06-10
DOM:
89
City Tax: $1,751 County Tax: $1,901Expenses Include: Other, Taxes Real Estate, Water/Sewer
City Tax: $1,751 County Tax: $1,901Expenses Include: Other, Taxes Real Estate, Water/Sewer
Year Built: 1960 pre-1978 Homes
Total Area: 0 ft² (Finished & Unfinished)
Heating: Baseboard, Central Cooling: Ceiling Fan(s), Central Air, Window Unit(s) Water & Sewage: Public
Appliances: Range, Refrigerator
Description
The eclectic Tree Streets are one of the most sought-after areas in East Tennessee. A tree-lined residential neighborhood within biking distance of ETSU, Quillen Med School, Bill Gatton School of Pharmacy, plus all that Downtown Johnson City has to offer. Unique events make the 'Tree Streets' feel like home. Property is within walking distance to Veterans Park (and South Side Elementary), a few favorites to catch: Music in the Park on Sundays, Kickball and a Covered Dish, Earth Day Bike Parade, Chili Cook-off.Turn-key, high cap properties and multi-families in the Tree Streets are scarce on their own- combining the two is truly a rare opportunity. 500 W Chestnut not only produces a 9% cap, but has immediate potential to increase, without force, through a conservative rental rate adjustment on two of the units.
Community Information
- Geographical
- County: Washington
- Subdivision:
- Zoning: R2
- School System
- South Side Elementary
- Liberty Bell Middle
- Science Hill High
Interior
Flooring: Hardwood, Laminate, Luxury Vinyl
Exterior
Exterior Finish: Brick
Photos
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Listing by
Bridge Pointe Real Estate Jonesborough