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Blue Ridge Properties Listing
(MLS #9984005)
Basic Information:
Bedrooms: 0
Full Bathrooms: 0
Half Bathrooms: 0
Type: Multi Family
Sub Type: Multi Family
MLS Number: 9984005
Lot Acreage: 0.17000
Living Area: 0
Year Built:1913
Elementary School: South Side
Middle School: Indian Trail
High School: Science Hill
Public Remarks: 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 Courtesy:KW Johnson City
More Listing Info:
AC:Central Air: true
AC:Window Unit(s): true
Appliances:Cooktop: true
Appliances:Electric Range: true
Appliances:Refrigerator: true
Contract Info:Foreclosure: No
Easements:None12: true
Exterior Finish:Brick4: true
Flooring:Concrete4: true
Flooring:Hardwood: true
General Property Description:# Buildings: 1
General Property Description:# of Units: 8.0
General Property Description:Acres: 0.17
General Property Description:Elementary School3: South Side
General Property Description:High School3: Science Hill
General Property Description:HOA YN: No
General Property Description:Lot Dimensions: 50 X 151
General Property Description:Middle School2: Indian Trail
General Property Description:Stories2: 2
General Property Description:Total Units: 8
General Property Description:Zoning2: R2
Heating:Central: true
Heating:Other12: true
Income and Expenses:Gross Annual Income: 94800
Income and Expenses:Vacancy Rate %: 0.0
Interior Features:Built-in Features: true
Location Tax Legal Info:Block: 17
Location Tax Legal Info:City Taxes: 2572.79
Location Tax Legal Info:County Taxes: 3249.0
Location Tax Legal Info:Deed Book #: 1106
Location Tax Legal Info:Deed Page #: 1708
Location Tax Legal Info:Lot #: 92
Parking Features:Deeded: true
PorchPatioDeck:Deck: true
PorchPatioDeck:Porch: true
Property Condition:Average: true
Remarks Misc:Directions3: University Blvd to Buffalo. Left on Maple Home on Right.
Remarks Misc:Public Remarks7: 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.
Roof:Metal3: true
Sewer:Public Sewer: true
Structure Type:House: true
Structure Type:Multi Family: true
Style:Cluster2: true
TopographyLot Description:Sloped: true
Unit 1:# Bathrooms5: 1.0
Unit 1:# Bedrooms3: 1
Unit 1:# Units: 1
Unit 1:Monthly Rent: 950
Unit 2:# Bathrooms4: 1.0
Unit 2:# Bedrooms4: 2
Unit 2:# Units2: 1
Unit 2:Monthly Rent2: 1050
Unit 3:# Bathrooms3: 1.0
Unit 3:# Bedrooms5: 2
Unit 3:# Units3: 1
Unit 3:Monthly Rent3: 1200
Unit 4:# Bathrooms2: 1.0
Unit 4:# Bedrooms6: 1
Unit 4:# Units4: 1
Unit 4:Monthly Rent4: 1000
Water:Public: true
