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201 Roscoe Fitz Road, Johnson City, TN 37615 - $6,799,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi-Family Sub Type: Other MLS Number: 9948247
Living Area: 0 Lot Acreage: 5 Year Built: 2018
Elementary School: Ridgeview Middle School: Ridgeview High School: Daniel Boone
Property Description
WANTED.... FUTURE BILLIONIARE!!! Fantastic investment opportunity with this newer established, well maintained craftsmen style 34-unit complex totaling 6 buildings. Each unit will greet you with an open floor plan, vaulted ceilings, eat-in kitchen with pantry, custom stained concrete floors, 2 bedrooms, 1 bathroom, attached garage, and private back patio. Property has a current cap rate above 6%, current monthly income of $48,300.00 and room for growth with raisable rents. Yearly expenses are on an average of the last 10 months. **Buyer and buyers agent to verify all infomation**
  • More Listing Info
    AC:Heat Pump3true
    Amenities:Landscapingtrue
    Appliances:Dishwashertrue
    Appliances:Disposaltrue
    Appliances:Electric Rangetrue
    Appliances:Microwavetrue
    Appliances:Refrigeratortrue
    Construction:Site Built2true
    Contract Info:ForeclosureNo
    Easements:None12true
    Expenses Include:Electric2true
    Expenses Include:Lawn Mainttrue
    Expenses Include:Other40true
    Expenses Include:Property Insurancetrue
    Expenses Include:Repairs and Mainttrue
    Expenses Include:Wastetrue
    Expenses Include:WaterSewertrue
    Exterior Finish:Brick4true
    Exterior Finish:Vinyl Sidingtrue
    Flooring:Concrete4true
    Flooring:Luxury Vinyltrue
    Flooring:Other6true
    Garage:Garage Spaces1
    General Property Description:# Buildings6
    General Property Description:# Fireplaces0.0
    General Property Description:# of Units34.0
    General Property Description:Acres5.47
    General Property Description:Elementary School3Ridgeview
    General Property Description:High School3Daniel Boone
    General Property Description:HOA YNNo
    General Property Description:Home Warranty2No
    General Property Description:Lot DimensionsIrr
    General Property Description:Middle School2Ridgeview
    General Property Description:Stories21
    General Property Description:Total Units34
    General Property Description:Zoning2Residential
    Heating:Heat Pump2true
    Income and Expenses:Annual Operating Expenses98353
    Income and Expenses:Gross Annual Income579600
    Income and Expenses:Net Annual Income481247
    Info Available:Aerialtrue
    Info Available:Floor Plantrue
    Info Available:Plattrue
    Info Available:Rental Rollstrue
    Info Available:Topo Maptrue
    Interior Features:Open Floorplantrue
    Interior Features:Pantrytrue
    Levels:Onetrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes24030.12
    Location Tax Legal Info:Deed Book #1093
    Location Tax Legal Info:Deed Page #2029
    Parking Features:Asphalt2true
    Parking Features:Garage Door Openertrue
    Parking Features:Parking Spacestrue
    PorchPatioDeck:Front Patiotrue
    PorchPatioDeck:Rear Patiotrue
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3GPS Friendly
    Remarks Misc:Public Remarks2WANTED.... FUTURE BILLIONIARE!!! Fantastic investment opportunity with this newer established, well maintained craftsmen style 34-unit complex totaling 6 buildings. Each unit will greet you with an open floor plan, vaulted ceilings, eat-in kitchen with pantry, custom stained concrete floors, 2 bedrooms, 1 bathroom, attached garage, and private back patio. Property has a current cap rate above 6%, current monthly income of $48,300.00 and room for growth with raisable rents. Yearly expenses are on an average of the last 10 months. **Buyer and buyers agent to verify all infomation**
    Roof:Shingletrue
    Sewer:Public Sewertrue
    Style:Bungalowtrue
    TopographyLot Description:Level2true
    Unit 1:# Bathrooms534.0
    Unit 1:# Bedrooms368
    Unit 1:# Rooms4170
    Unit 1:# Units34
    Unit 1:Monthly Rent48300
    Unit 1:SqFt633492
    Unit 2:# Units20
    Unit 3:# Units30
    Unit 4:# Units40
    Walls:Drywalltrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Century 21 Legacy - Greeneville
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