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702 West Main Street, Jonesborough, TN 37659 - $499,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Quadruplex MLS Number: 9991719
Living Area: 0 Lot Acreage: 2 Year Built: 1960
Elementary School: Jonesborough Middle School: Jonesborough High School: David Crockett
Property Description
Are you looking for an investment property with immediate income potential? This well positioned four-plex sits at the edge of Tennessee's oldest town, offering a strong investment opportunity and rental appeal. The property currently features four established rental units. Three units are tenant-occupied with active leases in place. The fourth is owner-occupied and could be leased after June. (Third party resources were used for information purposes, Buyer to verify.) There is also potential to convert additional space into a fifth unit ideal for a short-term rental. Multiple income streams, expansion opportunity, historic downtown location, flexible rental strategy. Please refer to the uploaded floor plans for detailed layouts and unit configurations. There is an extra lot in the back on the units for expansion purposes. (Third party resources were used for research, Buyer to verify.)
Listing Status
Active
  • More Listing Info
    AC:Central Airtrue
    Appliances:Electric Rangetrue
    Appliances:Refrigeratortrue
    Contract Info:ForeclosureNo
    Easements:None12true
    Exterior Finish:Vinyl Sidingtrue
    General Property Description:Acres1.84
    General Property Description:Elementary School3Jonesborough
    General Property Description:High School3David Crockett
    General Property Description:HOA YNNo
    General Property Description:Lot Dimensions0
    General Property Description:Middle School2Jonesborough
    General Property Description:Total Units20
    General Property Description:Zoning2res
    Heating:Centraltrue
    Levels:Twotrue
    Location Tax Legal Info:City Taxes2038.06
    Location Tax Legal Info:County Taxes2810.56
    Location Tax Legal Info:Deed Book #1097
    Location Tax Legal Info:Deed Page #2369
    Parking Features:Unpavedtrue
    Property Condition:Averagetrue
    Remarks Misc:Directions3Go through Main Street in Jonesborough heading towards Wet Lands. You will find the units on the right, See sign.
    Remarks Misc:Public Remarks7Are you looking for an investment property with immediate income potential? This well positioned four-plex sits at the edge of Tennessee's oldest town, offering a strong investment opportunity and rental appeal. The property currently features four established rental units. Three units are tenant-occupied with active leases in place. The fourth is owner-occupied and could be leased after June. (Third party resources were used for information purposes, Buyer to verify.) There is also potential to convert additional space into a fifth unit ideal for a short-term rental. Multiple income streams, expansion opportunity, historic downtown location, flexible rental strategy. Please refer to the uploaded floor plans for detailed layouts and unit configurations. There is an extra lot in the back on the units for expansion purposes. (Third party resources were used for research, Buyer to verify.)
    Roof:Asphalttrue
    Sewer:Public Sewertrue
    Structure Type:Multi Familytrue
    Structure Type:Quadruplextrue
    Style:Other53true
    Style:See Remarks40true
    TopographyLot Description:Level2true
    Unit 1:# Bedrooms31
    Unit 1:# Units1
    Unit 1:Monthly Rent1135
    Unit 2:# Bathrooms41.0
    Unit 2:# Bedrooms42
    Unit 2:# Half Baths21.0
    Unit 2:# Units22
    Unit 2:Monthly Rent21000
    Unit 3:# Bathrooms31.0
    Unit 3:# Bedrooms51
    Unit 3:# Units33
    Unit 3:Monthly Rent3900
    Unit 4:# Bathrooms21.0
    Unit 4:# Bedrooms63
    Unit 4:# Units44
    Walls:Drywalltrue
    Water:Publictrue
    Window Features:Double Pane Windowstrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Debby Gibson Real Estate
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