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5129 Bluff City Highway, Bluff City, TN 37618 - $849,000

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Property Facts

Property Type: Multi Family

Sub Type: Multi Family

Status: Active

Year Built: 1980

Lot Acreage: 0.57

Lot Dimensions: 177.04 x 142.79

City Taxes: $1,707.38

County Taxes: $3,094.19

Elementary School: Mary Hughes

Middle School: East Middle

High School: Sullivan East

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.

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

Listing Courtesy

Momentum Group