500 West Chestnut Street
Johnson City,
TN
37604
Property Details
List Price: |
$425,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Bridge Pointe Real Estate Jonesborough |
Agency Phone: |
(423) 482-9616 |
Description/Comments
Lot Size: |
0 acre(s) |
Property Type: |
Other-Multi Family |
Year Built: |
1960 |
Notes: |
Turn-key, high Cap Rate 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 offers a Cap Rate of around 9%, but immediate potential to increase with a conservative market adjustment on two of the unit's rental rates. Professional, long-term tenants occupy this building, located in one of the most desirable neighborhoods for living and market appreciation in Johnson City. Minutes from ETSU, hospitals and healthcare facilities, Quillen Medical School, Bill Gatton School of Pharmacy, and all that downtown has to offer. |
MlsNumber: |
-- |
ListingId: |
9967034 |
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Listing Provided By: |
Bridge Pointe Real Estate Jonesborough, original listing |
Phone: |
(423) 707-5506 |
Office Phone: |
(423) 707-5506 |
Agent Name: |
Elizabeth Snyder |
Disclaimer: |
Copyright © 2024 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |