Skip To Content

500 W Chestnut Street

Johnson City, TN 37604
  • $425,000
  • STATUS: Active
  • ON SITE: 3 Days
  • MLS #: 9967034
New On Site 3 Days Ago
UPDATED: 70 min ago
$425,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Information

Elementary School:
Middle School:
High School:

Description

Turn-key, high Cap Rate properties and Multi-families in the Tree Streets are scarce on their own- combining the two is truly a rare opportunity. 500 W Chestnut not only offers a Cap Rate of around 9%, but immediate potential to increase with a conservative market adjustment on two of the unit's rental rates. Professional, long-term tenants occupy this building, located in one of the most desirable neighborhoods for living and market appreciation in Johnson City. Minutes from ETSU, hospitals and healthcare facilities, Quillen Medical School, Bill Gatton School of Pharmacy, and all that downtown has to offer.

Monthly Payment Calculator



© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-06-14T11:00:04.153.
www.house2homesearch.com/homes/151525197
Print Image

500 W Chestnut Street Johnson City, TN 37604

  • Price: $425,000
  • Status: Active
  • On Site: 3 Days
  • Updated: 70 min ago
  • MLS #: 9967034
0
Beds
0
Baths
0
½ Baths
0.37
Acres
1960
Built
Neighborhood:
Tree Streets
County:
Washington
Elementary School:
South Side
Middle School:
Liberty Bell
High School:
Science Hill
Property Description
Turn-key, high Cap Rate properties and Multi-families in the Tree Streets are scarce on their own- combining the two is truly a rare opportunity. 500 W Chestnut not only offers a Cap Rate of around 9%, but immediate potential to increase with a conservative market adjustment on two of the unit's rental rates. Professional, long-term tenants occupy this building, located in one of the most desirable neighborhoods for living and market appreciation in Johnson City. Minutes from ETSU, hospitals and healthcare facilities, Quillen Medical School, Bill Gatton School of Pharmacy, and all that downtown has to offer.
Exterior Features

Architectural Style Raised Ranch Attached Garage YN No Construction Materials Brick Parking Features Asphalt

Interior Features

Appliances RangeRefrigerator Building Area Total 0 Cooling Ceiling Fan(s)Central AirWindow Unit(s) Flooring Luxury VinylHardwoodLaminate Heating CentralBaseboard Heating YN Yes Laundry Features Electric Dryer HookupWasher Hookup

Property Features

Construction Site Built Yes Contract Info Auction No Contract Info Foreclosure No Contract Info Short Sale No Cooling YN Yes Documents Available Confirmation of Agency Home Warranty YN No Property Sub Type Multi-Family Sewer Public Sewer Water Source Public Zoning R2

Listing information © 2024 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Elizabeth Snyder of Bridge Pointe Real Estate Jonesborough: 423-482-9616.



© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-06-14T11:00:04.153.
 
https://bt-photos.global.ssl.fastly.net/netar/1280_boomver_2_9967034-2.jpg https://bt-photos.global.ssl.fastly.net/netar/1280_boomver_2_9967034-2.jpg https://bt-photos.global.ssl.fastly.net/netar/1280_boomver_2_9967034-2.jpg
Logo
Bridge Pointe Real Estate
504 E Jackson Blvd
Jonesborough TN, 37659