Basic Information:

Bedrooms: 4

Full Bathrooms: 2

Half Bathrooms: 0

Type: Residential

Sub Type: Single Family Residence

MLS Number: 9993906

Lot Acreage: 2.00000

Living Area: 1,191

Year Built:1920

Elementary School: Woodland Elementary

Middle School: Liberty Bell

High School: Science Hill

Public Remarks: 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.

Listing Courtesy:eXp Realty, LLC

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