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423-968-7653
Multifamily (Multi-Family)

500 West Chestnut St, Johnson City, TN 37604

Raised Ranch
FOR SALE
Price: $415,000  Price Per ft²: $inf  List Date: 2024-06-10  DOM:  14
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)

Lot Size: 0.37 acre(s)Lot Dimensions: 93.90 X 167.3 IRRTopography: Rolling Slope
Heating: Baseboard, CentralCooling: 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
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