Johnson City TN Multi Family for Sale
$2,600,000
1106 Fremont Drive Johnson City, TN 37601
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.7 Acres
- Year built:
- 1973
- Baths:
- MLS#:
- 9975693
- Subdivision:
- Not In Subdivision
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Courtesy: KW Johnson City
423-433-6500
ADDITIONAL INFORMATION
Investment Opportunity - 25-Unit Apartment Complex in Johnson City, TN Introducing 1106 Fremont Drive, a prime multi-family investment in the heart of Johnson City, TN. This 25-unit apartment complex offers a steady income stream with renters already in place, making it an excellent addition to any investor's portfolio. Proof of funds is required before showing. With units in average condition, this property presents a great opportunity for value-add improvements or continued stable cash flow as-is. Conveniently located near local amenities, shopping, and major roadways, it ensures strong rental demand in an ever-growing market. Whether you're looking to expand your portfolio or break into the multifamily space, 1106 Fremont Drive offers potential and profitability in an established rental community. Don't miss this opportunity!
- Type:
- Other
- Sq.Ft.:
- 1,776
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1925
- Baths:
- MLS#:
- 9973664
- Subdivision:
- West Main St Add
View additional info
Courtesy: LPT Realty - Griffin Home Group
423-482-0743
ADDITIONAL INFORMATION
Discover a promising duplex investment property ideally located near East Tennessee State University (ETSU), the VA, downtown, and Roan Street's business district. This 1,154 sq ft property features two 1-bedroom, 1-bath apartments, each with laundry hookups, and has undergone extensive renovations. Key improvements include: New roof, flooring, joists, and plumbing - Upgraded interiors Left unit: fully remodeled with a new kitchen, bath, and modern finishes. Right unit: new flooring, updated bath, and added laundry area. New mini-split HVAC systems in both units for efficient heating and cooling. Separate water lines to each unit with tenant-paid utilities. Currently generating $1,650 in monthly rent ($800 for one unit, $850 for the other), this property is an excellent choice for a first-time rental investment or a valuable addition to your growing real estate portfolio. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
All information provided is deemed reliable but is not guaranteed and should be independently verified. Such information being provided is 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.
Johnson City Real Estate
The median home value in Johnson City, TN is $322,000. This is higher than the county median home value of $249,400. The national median home value is $338,100. The average price of homes sold in Johnson City, TN is $322,000. Approximately 45.45% of Johnson City homes are owned, compared to 45.44% rented, while 9.1% are vacant. Johnson City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Johnson City real estate agent to arrange a tour today!
Johnson City, Tennessee has a population of 69,521. Johnson City is more family-centric than the surrounding county with 26.37% of the households containing married families with children. The county average for households married with children is 25.98%.
The median household income in Johnson City, Tennessee is $47,242. The median household income for the surrounding county is $52,503 compared to the national median of $69,021. The median age of people living in Johnson City is 35.3 years.
Johnson City Weather
The average high temperature in July is 85.5 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 43.7 inches per year, with 10.9 inches of snow per year.