Multifamily (Duplex)

705 Lehigh St, Johnson City, TN 37604

Duplex

FOR SALE

Price: $260,000 Price Per ft²: $146.40 List Date: 2024-11-20 DOM: 36
City Tax: $440 County Tax: $478

Year Built: 1925 pre-1978 Homes

Total Area: 1,776 ft² (Finished & Unfinished)

Lot Size: 0.14 acre(s) Lot Dimensions: 53 X 135.8 IRR Topography: Level

Heating: Other, See Remarks Cooling: Other, See Remarks Water & Sewage: Public

Description

Discover a promising duplex investment property ideally located near East Tennessee State University (ETSU), the VA, downtown, and Roan Street's business district. This 1,154 sq ft property features two 1-bedroom, 1-bath apartments, each with laundry hookups, and has undergone extensive renovations. Key improvements include: New roof, flooring, joists, and plumbing - Upgraded interiors Left unit: fully remodeled with a new kitchen, bath, and modern finishes. Right unit: new flooring, updated bath, and added laundry area. New mini-split HVAC systems in both units for efficient heating and cooling. Separate water lines to each unit with tenant-paid utilities. Currently generating $1,650 in monthly rent ($800 for one unit, $850 for the other), this property is an excellent choice for a first-time rental investment or a valuable addition to your growing real estate portfolio.IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN