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809 Ridgecrest Road
Johnson City TN 37604
MLS #10000938 · Listing Courtesy of Selling Stateline Real Estate Group
$485,000
Active
0.48
Acres
1972
Built
Property Description
Income-producing property near ETSU!! Featuring a DUPLEX with two 2-bedroom, 1-bath units plus a NEWLY COMPLETED detached 1-bedroom, 1-bath COTTAGE. The property is currently rented by college students, with bedrooms leased individually to maximize income.
The four duplex bedrooms are currently rented at $635 per room, plus tenants' share of utilities - $1,270 per unit. The cottage offers additional income potential and features new appliances, flooring and HVAC. With all three living spaces rented, projected gross income is just under $4,000/month.
Each living area has separate HVAC and separate power metering. Duplex is on same water meter. Convenient to ETSU, downtown Johnson City, hospitals, shopping and more. Great opportunity for a student rental, investment property, house hack or multi-generational setup.The property sits on a generously-sized nearly half acre lot. Time to build your portfolio? This is THE ONE!
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number10000938
Fireplaces0
Lot Dimensions110 X 182.45 IRR
City Taxes$597.72
County Taxes$742.83
Elementary SchoolSouth Side
Middle SchoolIndian Trail
High SchoolScience Hill
Features & Amenities
Interior
2nd Kitchen
Bonus Room
Carpet Flooring
Dishwasher
Double Pane Windows
Dryer
Drywall Walls
Eat-in Kitchen
Electric Dryer Hookup
Electric Range
Heat Pump
In Law Suite
Kitchen/Dining Combo
Laminate Flooring
Laundry
One-Level
Open Floorplan
Paneling Walls
Playroom
Primary Bathroom
Primary Bedroom
Refrigerator
Remodeled
Two-Level
Vinyl Flooring
Walk-In Closet(s)
Washer
Washer Hookup
Exterior
Asphalt
Brick Exterior
Cleared Lot
Cottage
Deck
Duplex
Front Porch
Level Lot
Rolling Slope Lot
Shingle Roof
Slab Foundation
Vinyl Siding Exterior
Other
Above Average Condition
Electricity Connected
Power Line Easements
Public Sewer
Public Water
Sewer Connected
Updated/Remodeled Condition
Water Connected
Directions
Use any lane to turn left onto TN-67 W/US-321 S/University Pkwy Turn left onto Hwy 67 W W/Cherokee Rd Turn left onto Ridgecrest Rd Destination will be on the left
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Additional Information
Contract InfoForeclosureNoGeneral Property Description# Buildings2# of Units3HOANoSenior CommunityNoTotal Units3ZoningRP 2HeatingSee RemarksYesLocation Tax Legal InfoDeed Book #1,151Deed Page #1,816Lot #5Structure TypeDuplexYesHouseYesStyleSee RemarksYesUnit 1# Bathrooms1# Bedrooms5# Half Baths0# Rooms5# Units1Monthly Rent1,270SqFt936Unit 2# Bathrooms1# Bedrooms2# Half Baths0# Rooms5# Units1Monthly Rent1,270SqFt936Unit 3# Bathrooms1# Bedrooms1# Rooms3# Units1Half Baths0Monthly Rent1,200SqFt952UtilitiesSee RemarksYesWaterSee RemarksYes
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