Unaka Rental

Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30509834
Property Subtypes: Professional Services
Status: Pending/Contingent
Building Size (RSF): 1,955 SF
Sale Price: $169,000
Name of Establishment: Unaka Rental
Year Business Established: 2020
Gross Revenue: $0 (Annual)
Cash Flow: $30,000 (Annual)
Sale Terms: Cash or Conventional
Last Updated: 10/15/2020

Overview / Comments

Great Rental Investment Opportunity! Beautiful older home near downtown Johnson City has been remodeled for a unique rental business. On the main level is a Salon Rental Business that has (4) Stylist Workstations, each is rented and operated by independent hairstylists, the upper level has (2) residential apartments. The total combined rental revenue is over 30k a year. No Salon experience or management experience is required. Note: Stylists are independent contractors, and each station has been rented for several years. The apartments have also been fully rented for a number of years. No Salon Experience is Required, this is a rental business that requires no supervision or hands-on involvement. Whether you are a first-time investor or if you simply want to add to your portfolio, this is a wonderful opportunity. Rent Rolls and Additional Information is available upon request. This investment includes the house, property, and business. Note: Sold "AS IS". Current Inspection Report Available Upon Request. Buyers & Buyers Agent to verify all information. Appointments are required, call LA for showing instructions, rent rolls and financials.

Additional Details

Nearest MSA: Johnson City
County: Washington
Industry Segment: Other Professional Services
Reason for Selling: Owner is wanting to semi-retire.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: Former residential older home that has been remodeled to create maximum revenue from the property. The lower level is a Salon Rental business. On the main level is a Salon Rental Business that has (4) Stylist Workstations, each workstation is rented and operated by independent hairstylists. Note: Each hairstylist is an independent contractor and all worstations have been fully rented for years. NOTE: ** No Salon expereicnce or management experience is required. The upper level has (2) residential apartments and both apartments are rented. Combined Income is over 30k a year. Rent Rolls and additional information available upon request. Due to the nature of the owners business, all showings need to be scheduled in advance. Call LA for more details. This business includes that house and property. Buyers & Buyers Agents to verify all information.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,832 49,325 79,310
Median Age: 39.42 37.73 38.53
Households: 4,018 21,480 33,936


Photograph of Listing Agent

Sam Taylor

Property Experts NETAR CMLS Member
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