Courtesy: Coldwell Banker Security Real Estate
423-282-2595
Rare Investment Opportunity Near Historic Downtown Jonesborough! Fantastic opportunity to own a fully occupied 8-unit apartment property in an incredible location within walking distance of charming historic downtown Jonesborough. Each unit offers 2 bedrooms and 1 full bath, a fully equipped kitchen, washer and dryer hookups, luxury vinyl flooring, and window blinds. All 8 units are currently rented, providing immediate rental income with potential for future rent increases. 5 units are equipped with mini-split heating and cooling systems, while the remaining 3 have window air-conditioning units. A new roof was installed in 2020, adding to the property's appeal and long-term value. The location is truly hard to beat! Residents can walk to historic downtown Jonesborough to enjoy its restaurants, shops, community events, and small-town charm. The property is also within walking distance of the Jonesborough Senior Center and conveniently located near a public pickleball court, adding even more recreational opportunities nearby. Plus, Johnson City and the surrounding Tri-Cities area are just a short drive away. Whether you're looking to expand your investment portfolio or add a fully occupied multifamily property with future income potential, this 8-plex offers an outstanding combination of location, occupancy, and opportunity. Rent rolls for all 8 units attached
Jonesborough is located in Tennessee. Jonesborough, Tennessee has a population of 5,747. Jonesborough is less family-centric than the surrounding county with 24.88% of the households containing married families with children. The county average for households married with children is 25.98%.
The median household income in Jonesborough, Tennessee is $64,464. 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 Jonesborough is 46.8 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 43.8 inches per year, with 10.7 inches of snow per year.
