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

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Blue Ridge Properties Listing

201 Roscoe Fitz Road, Johnson City, TN 37615 (MLS #9948247)

Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi-Family

Sub Type: Other

MLS Number: 9948247

Lot Acreage: 5.47000

Living Area: 0

Year Built:2018

Elementary School: Ridgeview

Middle School: Ridgeview

High School: Daniel Boone

Public Remarks: 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**

Listing Courtesy:Century 21 Legacy - Greeneville

More Listing Info:

AC:Heat Pump3: true

Amenities:Landscaping: true

Appliances:Dishwasher: true

Appliances:Disposal: true

Appliances:Electric Range: true

Appliances:Microwave: true

Appliances:Refrigerator: true

Construction:Site Built2: true

Contract Info:Foreclosure: No

Easements:None12: true

Expenses Include:Electric2: true

Expenses Include:Lawn Maint: true

Expenses Include:Other40: true

Expenses Include:Property Insurance: true

Expenses Include:Repairs and Maint: true

Expenses Include:Waste: true

Expenses Include:WaterSewer: true

Exterior Finish:Brick4: true

Exterior Finish:Vinyl Siding: true

Flooring:Concrete4: true

Flooring:Luxury Vinyl: true

Flooring:Other6: true

Garage:Garage Spaces: 1

General Property Description:# Buildings: 6

General Property Description:# Fireplaces: 0.0

General Property Description:# of Units: 34.0

General Property Description:Acres: 5.47

General Property Description:Elementary School3: Ridgeview

General Property Description:High School3: Daniel Boone

General Property Description:HOA YN: No

General Property Description:Home Warranty2: No

General Property Description:Lot Dimensions: Irr

General Property Description:Middle School2: Ridgeview

General Property Description:Stories2: 1

General Property Description:Total Units: 34

General Property Description:Zoning2: Residential

Heating:Heat Pump2: true

Income and Expenses:Annual Operating Expenses: 98353

Income and Expenses:Gross Annual Income: 579600

Income and Expenses:Net Annual Income: 481247

Info Available:Aerial: true

Info Available:Floor Plan: true

Info Available:Plat: true

Info Available:Rental Rolls: true

Info Available:Topo Map: true

Interior Features:Open Floorplan: true

Interior Features:Pantry: true

Levels:One: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 24030.12

Location Tax Legal Info:Deed Book #: 1093

Location Tax Legal Info:Deed Page #: 2029

Parking Features:Asphalt2: true

Parking Features:Garage Door Opener: true

Parking Features:Parking Spaces: true

PorchPatioDeck:Front Patio: true

PorchPatioDeck:Rear Patio: true

Property Condition:Above Average: true

Remarks Misc:Directions3: GPS Friendly

Remarks Misc:Public Remarks2: 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**

Roof:Shingle: true

Sewer:Public Sewer: true

Style:Bungalow: true

TopographyLot Description:Level2: true

Unit 1:# Bathrooms5: 34.0

Unit 1:# Bedrooms3: 68

Unit 1:# Rooms4: 170

Unit 1:# Units: 34

Unit 1:Monthly Rent: 48300

Unit 1:SqFt6: 33492

Unit 2:# Units2: 0

Unit 3:# Units3: 0

Unit 4:# Units4: 0

Walls:Drywall: true

Water:Public: true