Turnkey, Fully Leased 8-Unit
Johnson City, TN 37604, Johnson City, TN 37604
- Added:
- Aug 3, 2025
- Days on Market:
- 303
- Last Refresh:
- Jun 1 at 1:06 am
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3
- Patio and Porch features
- Porch, Deck
- Interior features
- Built-in Features
- Appliances
- Cooktop, Electric Range, Refrigerator
- Standard status
- Pending
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3249
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1913
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Hardwood, Concrete
- Building materials
- Brick
- Roof type
- Metal
- Architectural style
- Other
Listing agent Ronald Barrett License #340608 (423) 483-6095
Listing office KW Johnson City 3009 Greenline Road, Johnson City, TN (423) 433-6500
Listing date Aug 3, 2025
MLS# 9984005
Listing URL
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HighLights
- Fully Leased: Provides immediate income and stability for investors.
- Prime Downtown Location: Offers proximity to amenities and insulation from market fluctuations.
- Turnkey Condition: Requires no immediate renovations or value‑add investments.
- Unique Character & Historic Appeal: Features exposed brick, vintage hardwood floors, and architectural details.
- Updated Infrastructure: Includes a metal roof installed in 2020 and updated heating/cooling systems.
- Diverse Unit Mix: Offers eight distinct floor plans with one- and two‑bedroom units.
Overview
This fully leased, 8-unit multifamily property is located steps from downtown and positioned for continued revitalization. Known locally as ''The Hive,'' the building offers eight distinct floor plans, ranging from one- and two-bedroom units. The property features exposed brick built-ins, vintage hardwood floors, and architectural details. 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 was installed in 2020. The property is situated in a prime location and offers historic appeal and modern updates. The lot size is 0.17 acres. The zoning is R2. Rent rolls and financials are available upon request.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.3846
- Latitude
- 36.2975
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully leased 8-unit building with historic appeal and modern updates.
Where is this apartment building located?
The property is located at Johnson City, TN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully Leased: Provides immediate income and stability for investors.; Prime Downtown Location: Offers proximity to amenities and insulation from market fluctuations.; Turnkey Condition: Requires no immediate renovations or value‑add investments.
