Land for Multifamily in Desirable Location
Vacant Land
for Sale
| Catylist Listing ID: |
30729044 |
| Property Subtypes: |
Multi-Family, Residential (Single Family)
|
| Gross Land Area: |
4 Acres
|
| Sale Price: |
$400,000 |
| Unit Price: |
$100,000 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/17/2021 |
Overview / Comments
|
Land is zoned R3 and allows 7 units per acre. Property is perfect for multifamily as it is located in the middle of Johnson City and is just a short drive to most anywhere. Towne Acres Elementary School is less than .3 miles. A multifamily builder or investor will find this to be an excellent opportunity. The property will also serve as a great location for single family residences. Call for more information. Owner Agent
|
Additional Details
| Nearest MSA: |
Johnson City |
| County: |
Washington |
| Tax ID/APN: |
090038I B 03002 |
| Zoning: |
R3 |
| Property Visibility: |
Excellent |
| Lot Frontage: |
see survey |
| Lot Depth: |
see survey |
| Topography: |
Gently Sloping |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,844 |
43,014 |
82,857 |
| Median Age: |
50.25 |
41.16 |
39.1 |
| Households: |
1,825 |
19,341 |
35,385 |
|
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Neither Northeast Tennessee Association of REALTORS® nor
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