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- $799,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Multi Family MLS Number: 9984005
Living Area: 0 Lot Acreage: 0 Year Built: 1913
Elementary School: South Side Middle School: Indian Trail High School: Science Hill
Property Description
Turnkey. Timeless. Fully Leased. Opportunities like this don't wait—and neither should you. Located steps from everything downtown offers, and positioned squarely in the path of continued revitalization, this fully occupied 8-unit asset delivers what investors are chasing right now: character, stability, and immediate income. Known locally as ''The Hive,'' this one-of-a-kind building offers eight distinct floor plans, ranging from one- and two-bedroom units—a rarity in a market flooded with cookie-cutter rentals. The craftsmanship of the era is unmistakable: exposed brick built-ins, vintage hardwood floors, and architectural details you simply cannot recreate today. This is authentic charm, not manufactured nostalgia. From an operational standpoint, the property checks every box. All units have heating and air, utilizing a blend of mini-splits and window units where appropriate. The building has been mostly updated, and the metal roof installed in 2020 provides peace of mind for years to come. This is not a value-add gamble—this is a turnkey performer. Demand here isn't speculative—it's proven. Downtown proximity keeps this property insulated from market swings and positions it for long-term durability. 8 units. Fully leased. Prime location. Historic appeal. Modern updates. Assets like this do not come to market often—and when they do, they move. Rent rolls and financials available upon request.
Listing Status
Active
  • More Listing Info
    AC:Central Airtrue
    AC:Window Unit(s)true
    Appliances:Cooktoptrue
    Appliances:Electric Rangetrue
    Appliances:Refrigeratortrue
    Contract Info:ForeclosureNo
    Easements:None12true
    Exterior Finish:Brick4true
    Flooring:Concrete4true
    Flooring:Hardwoodtrue
    General Property Description:# Buildings1
    General Property Description:# of Units8.0
    General Property Description:Acres0.17
    General Property Description:Elementary School3South Side
    General Property Description:High School3Science Hill
    General Property Description:HOA YNNo
    General Property Description:Lot Dimensions50 X 151
    General Property Description:Middle School2Indian Trail
    General Property Description:Stories22
    General Property Description:Total Units8
    General Property Description:Zoning2R2
    Heating:Centraltrue
    Heating:Other12true
    Income and Expenses:Gross Annual Income94800
    Income and Expenses:Vacancy Rate %0.0
    Interior Features:Built-in Featurestrue
    Location Tax Legal Info:Block17
    Location Tax Legal Info:City Taxes2572.79
    Location Tax Legal Info:County Taxes3249.0
    Location Tax Legal Info:Deed Book #1106
    Location Tax Legal Info:Deed Page #1708
    Location Tax Legal Info:Lot #92
    Parking Features:Deededtrue
    PorchPatioDeck:Decktrue
    PorchPatioDeck:Porchtrue
    Property Condition:Averagetrue
    Remarks Misc:Directions3University Blvd to Buffalo. Left on Maple Home on Right.
    Remarks Misc:Public Remarks7Turnkey. Timeless. Fully Leased. Opportunities like this don't wait—and neither should you. Located steps from everything downtown offers, and positioned squarely in the path of continued revitalization, this fully occupied 8-unit asset delivers what investors are chasing right now: character, stability, and immediate income. Known locally as ''The Hive,'' this one-of-a-kind building offers eight distinct floor plans, ranging from one- and two-bedroom units—a rarity in a market flooded with cookie-cutter rentals. The craftsmanship of the era is unmistakable: exposed brick built-ins, vintage hardwood floors, and architectural details you simply cannot recreate today. This is authentic charm, not manufactured nostalgia. From an operational standpoint, the property checks every box. All units have heating and air, utilizing a blend of mini-splits and window units where appropriate. The building has been mostly updated, and the metal roof installed in 2020 provides peace of mind for years to come. This is not a value-add gamble—this is a turnkey performer. Demand here isn't speculative—it's proven. Downtown proximity keeps this property insulated from market swings and positions it for long-term durability. 8 units. Fully leased. Prime location. Historic appeal. Modern updates. Assets like this do not come to market often—and when they do, they move. Rent rolls and financials available upon request.
    Roof:Metal3true
    Sewer:Public Sewertrue
    Structure Type:Housetrue
    Structure Type:Multi Familytrue
    Style:Cluster2true
    TopographyLot Description:Slopedtrue
    Unit 1:# Bathrooms51.0
    Unit 1:# Bedrooms31
    Unit 1:# Units1
    Unit 1:Monthly Rent950
    Unit 2:# Bathrooms41.0
    Unit 2:# Bedrooms42
    Unit 2:# Units21
    Unit 2:Monthly Rent21050
    Unit 3:# Bathrooms31.0
    Unit 3:# Bedrooms52
    Unit 3:# Units31
    Unit 3:Monthly Rent31200
    Unit 4:# Bathrooms21.0
    Unit 4:# Bedrooms61
    Unit 4:# Units41
    Unit 4:Monthly Rent41000
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
KW Johnson City
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