Multi-Family for Sale
Catylist Listing ID: 30165994
Number of Units: 13 Units
Building Size (RSF): 12,892 SF
Gross Building Area: 14,500 SF
Sale Price: $648,500
Unit Price: $49,884.62 Per Unit
Property Use Type: Investment
Usable Size (USF): 12,892 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/7/2018

Overview / Comments

THIRTEEN UNIT APARTMENT COMPLEX located on 2.24 Acres. 6-One Bedroom One Level Units & 7- One Bedroom Two Story Units Lawn Maintenance, Exterior Lights, & Water - Landlord Expense Electric, Telephone, CATV - Tenant Expense ADDITIONAL PROPERTY ADDITIONS: 2 Offices with Kitchen & Bath (Can be Converted To An Additional Apartment-480 Sq. Ft.) Commercial Kitchen Area (Original School Cafeteria – Can Be Converted To An Additional Apartment-480 Sq. Ft.) Main Level & Second Level Storage (Can Be Converted To An Additional Apartment, Office, or Conference Room, Etc.-900 Sq. Ft.) Second Level 24' X 42' Attic Storage (Can Be Converted To An Additional Apartment, 1008 Sq. Ft.) 30' x 125' Metal Quonset Hut Warehouse (3750 Sq. Ft.) Showing By Appointment Only, Call Bill Hawk @ 423-534-5050 For All Showings.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County, Tennessee
Tax ID/APN: 022M A 052.00
Zoning: M1
Highway Access: From Johnson City on (11E)Bristol Hwy... Turn right on Knob Creek Boat Dock Road at Hayworth Tire across from Winged Deer Park.... Boat Dock Road intesects with Austin Springs Road. At the stop sign turn LEFT on Austin Springs... Apartments on RIGHT, corner of Austin Springs Rd. and Riverview Drive.
Total Number of Buildings: 2
Property Condition: Fair
Number of Stories: 2
Year Built: 1939
Construction/Siding: Brick, Metal Siding
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,573 19,849 57,309
Median Age: 39.22 42.81 41.93
Households: 1,114 8,849 25,329


Photograph of Listing Agent

Bill Hawk

Re/Max Checkmate, REALTORS Commercial
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