500 Chestnut ST Johnson City, TN 37604
0.37 Acres Lot
UPDATED:
10/22/2024 11:03 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Tree Streets
MLS Listing ID 9967034
Style Raised Ranch
HOA Y/N No
Originating Board Tennessee/Virginia Regional MLS
Year Built 1960
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 93.90 X 167.3 IRR
Property Description
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.
Location
State TN
County Washington
Community Tree Streets
Area 0.37
Zoning R2
Direction 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.
Rooms
Ensuite Laundry Electric Dryer Hookup, Washer Hookup
Interior
Laundry Location Electric Dryer Hookup,Washer Hookup
Heating Baseboard, Central
Cooling Ceiling Fan(s), Central Air, Window Unit(s)
Flooring Luxury Vinyl, Hardwood, Laminate
Appliance Range, Refrigerator
Heat Source Baseboard, Central
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Garage Asphalt
Parking Type Asphalt
Building
Lot Description Rolling Slope
Sewer Public Sewer
Water Public
Architectural Style Raised Ranch
Structure Type Brick
Schools
Elementary Schools South Side
Middle Schools Liberty Bell
High Schools Science Hill
Others
Senior Community No
Tax ID 054f N 025.00