Are you looking for an investment property with immediate income potential? This well positioned four-plex sits at the edge of Tennessee's oldest town, offering a strong investment opportunity and rental appeal. The property currently features four established rental units. Three units are tenant-occupied with active leases in place. The fourth is owner-occupied and could be leased after June. (Third party resources were used for information purposes, Buyer to verify.) There is also potential to convert additional space into a fifth unit ideal for a short-term rental. Multiple income streams, expansion opportunity, historic downtown location, flexible rental strategy. Please refer to the uploaded floor plans for detailed layouts and unit configurations. There is an extra lot in the back on the units for expansion purposes. (Third party resources were used for research, Buyer to verify.)
Looking for a property to add to your portfolio before the end of the year that will cash flow? Look no further as this duplex is waiting for you! Separate meters for water and electric too! The 4 bedroom 2 bath unit was recently remodeled and left vacant for showings but would rent for $1800-$2200/month The 2 bedroom side has a long term tenant in it that would like to stay. The 2 bedroom is currently rented for $800/month Lots of recent updates that'll make this one a dream from day 1! Proforma cap rate at 12% plus once rented! Call today Buyer/buyer's agent to verify
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.