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3536-3538 Walnut Street

Johnson City, TN 37604
  • $375,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 9930130
UPDATED: 16 min ago
$375,000
  • 7
    BEDS
  • 1.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,686
    SQFT
  • $102
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Information

Elementary School:
Middle School:
High School:

Description

INCOME PROPERTY. This income producing property consists of two buildings. The first building is the old ''Midway Market'' building. This old store has been converted into two apartments. The first is a modern 2BR/1BA apartment that rents for $1,095 and includes water, power and gas. The second is a 1BR/1BA unit that rents for $995 and includes water, power and gas. The units have a newer kitchen and bathroom, concrete floors and a large fireplace. This building is on its own septic system. The second building is a 1764sf modular home which was renovated a few years back. It sits on the back of the property. This building is on its own separate septic system as well. It currently rents for $1,495 and includes water, power and gas. There is some possibilities for rent increases. Currently all properties are leased and occupied.

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© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-11-28T18:59:50.343.
www.northeasttnhomesearch.com/homes/122601320
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3536-3538 Walnut Street Johnson City, TN 37604

  • Price: $375,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 16 min ago
  • MLS #: 9930130
7
Beds
4
Baths
0
½ Baths
1.11
Acres
3,686
SQFT
$102
$/SQFT
1940
Built
Neighborhood:
Not Listed
County:
Washington
Area:
Sw Johnson City
Elementary School:
Cherokee
Middle School:
Indian Trail
High School:
Science Hill
Property Description
INCOME PROPERTY. This income producing property consists of two buildings. The first building is the old ''Midway Market'' building. This old store has been converted into two apartments. The first is a modern 2BR/1BA apartment that rents for $1,095 and includes water, power and gas. The second is a 1BR/1BA unit that rents for $995 and includes water, power and gas. The units have a newer kitchen and bathroom, concrete floors and a large fireplace. This building is on its own septic system. The second building is a 1764sf modular home which was renovated a few years back. It sits on the back of the property. This building is on its own separate septic system as well. It currently rents for $1,495 and includes water, power and gas. There is some possibilities for rent increases. Currently all properties are leased and occupied.
Exterior Features

Exterior Finish BrickVinyl Siding Fencing Privacy Foundation Slab Lot Dimensions Na Parking Features AsphaltGravel Porch Patio Deck Deck Style See Remarks Topography Lot Description ClearedLevel Walls Drywall

Interior Features

Ac Central AirHeat Pump Appliances DishwasherElectric RangeMicrowaveRefrigerator Fireplace Living Room Flooring ConcreteHardwoodTile Heating CentralHeat Pump Laundry Features Electric Dryer HookupWasher Hookup

Property Features

Auction No Building1 Monthly Rent 1000 Building2 Monthly Rent 1000 Building3 Monthly Rent 1000 City Taxes 0.00 County Taxes 1367.40 Easements None Financing CashConventional Foreclosure No Income And Expenses Gross Annual Income 36000 Property Condition Average Property Sub Type Multi-Family Sewer Private SewerSeptic Tank Short Sale No Water Public Zoning Commercial

Listing information © 2021 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Ed Gwinn of Remax Checkmate, Inc. Realtors.



© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-11-28T18:59:50.343.
 
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Tim Stout Group Tri-Cities | True North Real Estate Advisors LLC
600 N Broadway St.
Johnson City TN, 37601