Property Description

Listing Status

• More Listing Info

  AC:Ceiling Fan(s)	true
  AC:Central Air	true
  AC:Window Unit(s)	true
  Appliances:Range	true
  Appliances:Refrigerator	true
  Contract Info:Foreclosure	No
  Easements:None12	true
  Expenses Include:Other40	true
  Expenses Include:Taxes Real Estate	true
  Expenses Include:WaterSewer	true
  Exterior Finish:Brick4	true
  Flooring:Hardwood	true
  Flooring:Laminate	true
  Flooring:Luxury Vinyl	true
  General Property Description:# Buildings	1
  General Property Description:# of Units	4.0
  General Property Description:Acres	0.37
  General Property Description:Elementary School3	South Side
  General Property Description:High School3	Science Hill
  General Property Description:HOA YN	No
  General Property Description:Home Warranty2	No
  General Property Description:Lot Dimensions	93.90 X 167.3 IRR
  General Property Description:Middle School2	Liberty Bell
  General Property Description:Total Units	4
  General Property Description:Zoning2	R2
  Heating:Baseboard	true
  Heating:Central	true
  Income and Expenses:Annual Operating Expenses	10852
  Income and Expenses:Gross Annual Income	48000
  Income and Expenses:Net Annual Income	37147
  Income and Expenses:Vacancy Rate %	0.0
  Laundry Features:Electric Dryer Hookup	true
  Laundry Features:Washer Hookup	true
  Location Tax Legal Info:City Taxes	1751.11
  Location Tax Legal Info:County Taxes	1901.46
  Location Tax Legal Info:Deed Book #	1148
  Location Tax Legal Info:Deed Page #	139224000312
  Parking Features:Asphalt2	true
  Remarks Misc:Directions3	From Downtown Johnson City, turn onto Buffalo Street, Turn Right on W Chestnut Street, after 0.3 miles, 500 W Chestnut Street is on the Right.
  Remarks Misc:Public Remarks2	The eclectic Tree Streets are one of the most sought-after areas in East Tennessee. A tree-lined residential neighborhood within biking distance of ETSU, Quillen Med School, Bill Gatton School of Pharmacy, plus all that Downtown Johnson City has to offer. Unique events make the 'Tree Streets' feel like home. Property is within walking distance to Veterans Park (and South Side Elementary), a few favorites to catch: Music in the Park on Sundays, Kickball and a Covered Dish, Earth Day Bike Parade, Chili Cook-off. Turn-key, high cap properties and multi-families in the Tree Streets are scarce on their own- combining the two is truly a rare opportunity. 500 W Chestnut not only produces a 9% cap, but has immediate potential to increase, without force, through a conservative rental rate adjustment on two of the units.
  Sewer:Public Sewer	true
  Structure Type:House	true
  Style:Raised Ranch2	true
  TopographyLot Description:Rolling Slope	true
  Unit 1:# Bathrooms5	1.0
  Unit 1:# Bedrooms3	3
  Unit 1:Monthly Rent	1200
  Unit 2:# Bathrooms4	1.0
  Unit 2:# Bedrooms4	1
  Unit 2:Monthly Rent2	775
  Unit 3:# Bathrooms3	1.0
  Unit 3:# Bedrooms5	1
  Unit 3:Monthly Rent3	775
  Unit 4:# Bathrooms2	1.0
  Unit 4:# Bedrooms6	3
  Unit 4:Monthly Rent4	1250
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

Listing Courtesy: