Great investment opportunity. All units are currently leased. An ideal Johnson City location, close to downtown, ETSU & Milligan College. Exterior doors are equipped with keypad locks. Individual access into each unit is through an interior hallway. All units are 1 bedroom, 1 bath, have large rooms, come with range, refrigerator & stackable washer/dryer. Off-street parking area located at the back of building.
Passive income or owner operator! This portfolio consists of 8 units of multifamily being rented out at $1250 per month, two bed, one bath, in newly renovated units, as well as adjacent Commercial building with new roof and renovated exterior. Proforma NOI with Commercial space at $10/NNN will be $164,936. 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
Well-maintained 18-unit mobile home park offering strong cash flow and solid investment. The park includes 7 park owned homes and 11 tenant owned homes paying lot rent. All lots except one, which has been recently placed, are rented providing immediate income. Each lot is separately metered for water and electricity. This is an ideal asset for investors seeking stable returns. Solid occupancy and demand for affordable housing make this a compelling addition to any portfolio. No seller financing available.
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!
Welcome to these beautifully designed new construction duplexes on Carroll Creek Road in Johnson City. Each home features a modern open-concept layout, perfect for daily living and entertaining, with vaulted ceilings that enhance the sense of space. The kitchens boast large islands that flow seamlessly into the living and dining areas, complemented by cozy gas log fireplaces in the living rooms, creating a warm and inviting focal point for gatherings. Unit options include a 3-bedroom, 2-bathroom home and a 2-bedroom, 2-bathroom home, both built on solid concrete slab foundations for durability and peace of mind. Step outside to covered back porches that overlook spacious, level backyards with scenic views of the woods and rolling hills. An 8-foot privacy fence separates the yards, providing added seclusion. Each property includes a two-stall attached garage and an additional parking pad, offering plenty of space for residents and guests. Ideally located, these duplexes are just a short drive from East Tennessee State University, making them convenient for students, faculty, or staff. They are also minutes away from shopping, dining, and all the amenities Johnson City has to offer, while still being close to the natural beauty of the Cherokee National Forest. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN.
Don't miss this exceptional chance to acquire prime investment properties bundled together in a highly desirable Johnson City location with deeded Boone Lake access. This unique offering includes multiple income-generating properties on a combined 1.15 acres of mostly flat, developable land. 473 Rockingham Rd: Renovated 3BR/2BA doublewide mobile home (1,620 sq ft) on 0.53 acres. Features new appliances, updated floors, and remodeled bathrooms. Currently rents for $1,650/month. 457, 459, 463, 465 Rockingham Rd: A 4-space mobile home park. Units at 457 & 459 are rented singlewides generating $425/month each. Lots at 463 & 465 are vacant and ready for additional homes or development. 136 Snyder Dr: Charming 744 sq ft home on 0.16 acres with lake access, currently rented for $850/month. All properties are adjacent and overlook scenic Boone Lake. A private dock could easily be added, enhancing recreational appeal and long-term value. With strong rental income, development potential, and lake views, this versatile property is perfect for investors, developers, or anyone seeking a unique multi-use asset. Consider building townhomes, apartments, vacation rentals, or even a lakeside campground. The possibilities are endless!
Investor's Dream!! 3 Units, Strong Cash Flow & Endless Possibilities! This unique property offers three separate rental units with excellent income potential. The duplex features brick and metal exterior and includes a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, both updated inside. Kitchen offers oak cabinetry with upgraded appliances. Flooring throughout is stained concrete with tile in the baths. Natural gas water heater and gas logs in duplex units. All bedrooms have ceiling fans. A separate 3-bedroom/2-bath double wide provides even more rental versatility with plenty of living space. With a mix of unit sizes, this property appeals to a wide range of tenants and delivers consistent rental income. Whether you're expanding your investment portfolio or searching for a strong cash-flow property, this one checks all the boxes! NO city taxes! 3536 W. Walnut: -Unit #1 is a 2 bedroom 1 bath unit renting for $1350.00 per month. Includes power, gas, and water. -Unit #2 is a 1 bedroom 1 bath unit renting for $1050.00 per month. Includes power, gas, and water. 3538 W. Walnut: -3 bedroom 2 bath renting for $1515.00 per month and includes power, gas, and water. All 3 units are on 1 parcel. Duplex and double wide have separate water meters. UNITS ARE ALL OCCUPIED, PLEASE ALLOW 24 HOUR NOTICE FOR SHOWINGS. NO SIGN OR LOCKBOX
Turnkey. Timeless. Fully Leased. Opportunities like this don't wait—and neither should you. Located steps from everything downtown offers, and positioned squarely in the path of continued revitalization, this fully occupied 8-unit asset delivers what investors are chasing right now: character, stability, and immediate income. Known locally as ''The Hive,'' this one-of-a-kind building offers eight distinct floor plans, ranging from one- and two-bedroom units—a rarity in a market flooded with cookie-cutter rentals. The craftsmanship of the era is unmistakable: exposed brick built-ins, vintage hardwood floors, and architectural details you simply cannot recreate today. This is authentic charm, not manufactured nostalgia. From an operational standpoint, the property checks every box. All units have heating and air, utilizing a blend of mini-splits and window units where appropriate. The building has been mostly updated, and the metal roof installed in 2020 provides peace of mind for years to come. This is not a value-add gamble—this is a turnkey performer. Demand here isn't speculative—it's proven. Downtown proximity keeps this property insulated from market swings and positions it for long-term durability. 8 units. Fully leased. Prime location. Historic appeal. Modern updates. Assets like this do not come to market often—and when they do, they move. Rent rolls and financials available upon request.
Investment opportunity in the heart of Johnson City! A beautifully maintained 6-unit apartment building offering solid cash flow with value- add potential. Currently bringing in $60,240 annually in rental income with below-market rents, this property offers an excellent upside for investors looking to maximize returns. The upstairs has 2-(2bed/1bath) units The main level has 2-(2bed/1bath) units. and back side of the building on the lowest level there are 2-(1bed/1bath) units. All units have tile flooring, fresh paint, and newer appliances. With its central location, proximity to downtown, ETSU, and major employers, this property is ideally positioned for long-term appreciation and increased rent potential! *Information deemed reliable but not guaranteed, buyer/buyers agent to verify all information
Johnson City is located in Tennessee. 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.
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.