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5129 Highway
Bluff City TN 37618
MLS #9999467 · Listing Courtesy of Momentum Group
$849,000
Active
0.57
Acres
1980
Built
Property Description
Investment Opportunity - Well-Maintained Brick Apartment Building + .89-Acre Additional Lot
Excellent investment opportunity for an investor looking for strong rental potential and room to expand. This well-maintained brick apartment building offers 5 total units, consisting of one 3-bedroom, 2-bath unit and four 2-bedroom, 1-bath units. All apartments include washer/dryer hookups, and tenants pay their own utilities, helping keep operating expenses manageable.
Tenants are currently on leases, with month-to-month tenancy beginning after October, providing an investor with flexibility for future management, leasing, or renovation plans.
Included is an additional .89-acre lot featuring an office trailer, storage building, and garage. This additional property offers numerous possibilities for an investor or entrepreneur, including potential opportunities for additional rental income, storage, office use, business operations, or future development, subject to applicable zoning and approvals.
Conveniently located between Bristol and Johnson City, this property provides easy access to major roads, employment centers, shopping, dining, medical facilities, and other Tri-Cities amenities.
Property Highlights:
5 total apartments
1 - 3 bedroom / 2 bath
4 - 2 bedroom / 1 bath
Well-maintained brick construction
Washer/dryer hookups in all units
Tenants pay their own utilities
Month-to-month after October
Additional .89-acre lot included
Office trailer
Storage building
Garage
Potential for additional income/use
Convenient Bristol-Johnson City location
Excellent opportunity for investors
A versatile property offering current rental income with additional land and improvements that could provide significant upside for the right investor.
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9999467
Lot Dimensions177.04 x 142.79
City Taxes$1,707.38
County Taxes$3,094.19
Elementary SchoolMary Hughes
Middle SchoolEast Middle
High SchoolSullivan East
Features & Amenities
Interior
Carpet Flooring
Double Pane Windows
Electric Dryer Hookup
Electric Heating
Electric Range
Heat Pump
Laminate Counters
Laminate Flooring
Refrigerator
Smoke Detector(s)
Two-Level
Washer Hookup
Exterior
Asphalt
Asphalt Roof
Brick Exterior
Colonial
Driveway
Level Lot
Shingle Roof
Slab Foundation
Vinyl Siding Exterior
Other
Average Condition
Cable Available
Electricity Connected
Lawn Maint
Natural Gas Available
Property Management
Public Sewer
Public Water
Sewer Connected
Taxes Real Estate
Waste
Water Connected
Directions
From Johnson City through Piney flats, turn onto Bluff city highway before the flea market, property is on the right.
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Additional Information
Contract InfoForeclosureNoEasementsNoneYesGeneral Property Description# Buildings1# of Units5HOANoHome WarrantyNoSenior CommunityNoStories2Total Units5ZoningcommercialIncome and ExpensesAnnual Utility Expenses0Vacancy Rate %0Location Tax Legal InfoDeed Book #2539CDeed Page #337Lot #2Structure TypeMulti FamilyYesUnit 1# Bathrooms6# Bedrooms11# Units5Monthly Rent4,400SqFt8,000Unit 2# Units0Unit 3# Units0Unit 4# Units0
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