3411 Walnut StJohnson City, TN 37604

Property Details for 3411 Walnut St

Year built

1965

Lot size

0.39 AC

Property size (Sq ft)

4,125 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This well-maintained, six-unit apartment building in Johnson City, Tennessee, presents a compelling investment opportunity. Located at 3411 West Walnut Street, this two-story Class B property boasts 4,125 square feet on a 0.39-acre lot (APN: 053o B 006.00). Built in 1965, the building features a mix of unit sizes: two 2-bedroom/1-bathroom units on the upper level, two similar units on the main level, and two 1-bedroom/1-bathroom units on the lower level. All units are equipped with tile flooring, fresh paint, and newer appliances. Currently generating $54,960 in annual rental income, this property offers significant upside potential due to below-market rents. Long-term tenants contribute to stable cash flow. The property's strong location in the heart of Johnson City and its potential for increased rental income make it an attractive investment. The asking price is $750,000 ($125,000 per unit, $181.82 per square foot). This represents a solid return on investment, further enhanced by the opportunity to raise rents to market value. The property's dimensions are approximately 99.89 feet by 176 feet.

Location Insight

City

Johnson City

County

Washington

State

Tennessee

Latitude

36.298

Longitude

-82.4184

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.