809 Ridgecrest RD Johnson City, TN 37604
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,824 sqft
Price per Sqft $164
Subdivision Not In Subdivision
MLS Listing ID 10000938
Style Cottage,Duplex,See Remarks
HOA Y/N No
Year Built 1972
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 110 X 182.45 IRR
Property Sub-Type Multi Family
Source Tennessee/Virginia Regional MLS
Property Description
Income-producing investment property featuring a duplex and a brand-new 2-bedroom, 1-bath cottage, offering three rental units in a convenient Johnson City location near ETSU.
The duplex consists of two 2-bedroom, 1-bath units, while the brand-new cottage offers an additional 2-bedroom, 1-bath living space.
**RENTAL INCOME BREAKDOWN:**
- Duplex: $2,555/month
- Cottage: $1,350/month
- **Total Monthly Rental Income: $3,905**
- **Annual Gross Rental Income: $46,860**
- **Gross Rental Yield: Approximately 10.08%**
Tenants are responsible for utilities. Each unit has a separate electric meter and HVAC system. Water is on a shared meter, with costs allocated among tenants.
Annual property taxes are approximately $1,335, with insurance approximately $2,160. Conveniently located near ETSU, downtown Johnson City, medical facilities, and shopping.
An excellent opportunity for investors seeking multiple rental income streams on one property. Lease agreements and additional rental information available upon request. Buyer/buyer's agent to verify all information.
Location
State TN
County Washington
Community Not In Subdivision
Area 0.48
Zoning RP 2
Direction Use any lane to turn left onto TN-67 W/US-321 S/University Pkwy Turn left onto Hwy 67 W W/Cherokee Rd Turn left onto Ridgecrest Rd Destination will be on the left
Interior
Interior Features Eat-in Kitchen, Kitchen/Dining Combo, Open Floorplan, Remodeled, Walk-In Closet(s)
Heating Heat Pump, See Remarks
Cooling Heat Pump
Flooring Vinyl, Carpet, Laminate
Fireplace No
Window Features Double Pane Windows
Appliance Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Heat Source Heat Pump, See Remarks
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Asphalt
Utilities Available Electricity Connected, Sewer Connected, Water Connected, See Remarks
Roof Type Shingle
Topography Rolling Slope, Level, Cleared
Porch Deck, Front Porch
Building
Entry Level Two,One
Foundation Slab
Sewer Public Sewer
Water Public, See Remarks
Architectural Style Cottage, Duplex, See Remarks
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools South Side
Middle Schools Indian Trail
High Schools Science Hill
Others
Senior Community No
Tax ID 054n C 04700 000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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