10,991 SqFt
10,991 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 10,991 sqft
Price per Sqft $145
MLS Listing ID 9990357
Style See Remarks
HOA Y/N No
Year Built 1965
Lot Size 1.300 Acres
Acres 1.3
Lot Dimensions 58000
Property Sub-Type Quadruplex
Source Tennessee/Virginia Regional MLS
Property Description
The Old Norris Bicycle building, and adjacent quadplexes are being sold together ONLY!
This is your opportunity to diversity your investments with a commercial piece, or put your business into a 4748 sq ft Commercial space all your own, and keep the apartments as rentals.
Subdividing of apartments from new condos is underway, and will put the 8 units on approximately one acre of their own land, more or less, with large back yard area.
Massive renovations have taken place, and apartments are being re-filled at this time, so see agent for newest and latest rent roll as apartments are completed. Gross income is based on only half of the units filled, as the final 4 are being finished up. Proforma gross income will be $164,936 per year. Lending would be based on proforma at this time. Units do have washer dryer hook up in each unit.
Apartments have been completely renovated throughout the exterior, including siding, roof, plumbing, damaged walls, new kitchens, and brand new and beautiful decking.
Location is prime, central to town, near shopping and schools, and will remain a conveniently located and beautiful corridor for years to come!
Details available upon request from qualified buyers; all info to be verified by buyers/buyers agent. R# 1886
Location
State TN
County Washington
Area 1.3
Zoning B1
Direction Corner of Pactolas and Knob Creek Road in Johnson City, between Sunset and State of Franklin. Property is commercial 4748 sq ft commercial space, and 8 next door apartments.
Interior
Interior Features Kitchen/Dining Combo, Restored
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Other, Carpet, Laminate
Fireplace No
Window Features Double Pane Windows
Heat Source Central
Exterior
Parking Features Asphalt
Amenities Available Landscaping
Topography Level
Building
Story 2
Entry Level Bi-Level
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style See Remarks
Level or Stories 2
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Woodland Elementary
Middle Schools Liberty Bell
High Schools Science Hill
Others
Senior Community No
Tax ID 046i E 013.00
Schools and Properties Nearby
MORTGAGE CALCULATOR
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