Property Description

Listing Status

• More Listing Info

  AC:Heat Pump3	true
  Basement:Cellar	true
  Basement:Concrete3	true
  Basement:Dirt Floor	true
  Basement:Workshop2	true
  Contract Info:Foreclosure	No
  Exterior Finish:Concrete	true
  Exterior Finish:Wood Siding	true
  Foundation:Block6	true
  General Property Description:Above Grade SqFt	1191.0
  General Property Description:Acres	2.0
  General Property Description:Baths - Full	2
  General Property Description:Deed Book #2	R1199
  General Property Description:Deed Page #2	I1060
  General Property Description:Elementary School3	Woodland Elementary
  General Property Description:High School3	Science Hill
  General Property Description:HOA YN	No
  General Property Description:Home Warranty	No
  General Property Description:Lot Dimensions	390 x 258 IRR
  General Property Description:Middle School2	Liberty Bell
  General Property Description:Senior Community YN3	No
  General Property Description:Total Rooms2	10
  General Property Description:Total SqFt Finished	1191.0
  General Property Description:Total SqFt Unfinished	0.0
  General Property Description:Zoning2	R 3
  Heating:Heat Pump2	true
  Levels:One	true
  Location Tax Legal Info:City Taxes	815.04
  Location Tax Legal Info:County Taxes	1011.04
  Property Condition:Average	true
  Property Condition:Fixer	true
  Remarks Misc:Directions3	Hwy 26 to State of Franklin Road, Turn left onto Indian Ridge Rd. Immediate left onto N. Barton Street, left on Elmwood Street to N. North Street- Right -1st property on Right. See sign.
  Remarks Misc:userdefined80	This Johnson City, TN property presents a compelling opportunity for investors with two homes for the price of one with room to grow. This property is zoned R-3, which allows for medium to high density residential use, creating multiple strategies including single family rental, duplex or multifamily conversion (where applicable), or future redevelopment. For investors focused on increasing cash flow per parcel or scaling doors, R-3 zoning provides a significant advantage that other residential zoning. The property is serviced by public sewer and city water, a major benefit for development potential. The existing improvements include an almost fully finished 4 bedroom, 1 bath home with key updates already in place, including new flooring, bead board paneling, and newer windows. The biggest ticket items have been completed, allowing an investor to quickly bring the home to rent ready. Or someone could live in one and finish the other building and have a rental. In addition, a second structure on the property offers strong value add potential. With some work, this building could be finished into a separate living space, ideal for creating an additional rental unit, guest house, or supplemental income stream. Whether you're looking for a light rehab with immediate rental upside, a multi-unit conversion, or a longer term redevelopment play to fully capitalize on the zoning, this property offers several clear paths to profitability. Property is being sold as-is. All information is deemed reliable but not guaranteed. Buyer / Buyer's agent to verify all information.
  Roof:Metal3	true
  Roof:Shingle	true
  Sewer:Public Sewer	true
  SqFt Details:Basement Total SqFt	0
  SqFt Details:Finished SqFt Level 1	1191
  SqFt Details:Garage Total SqFt	0
  SqFt Details:Other SqFt Living	720
  Structure Type:House	true
  Style:Cottage	true
  Style:Other3	true
  TopographyLot Description:Sloped	true
  Walls:Paneling	true
  Walls:Plaster	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

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