$164,500
402 East Unaka Avenue
Johnson City, TN 37601
MLS# 9903774
1944 sqft


402 East Unaka Avenue, Johnson City, TN 37601
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402 East Unaka Avenue, Johnson City, TN 37601

Property Description
Great Rental Investment Opportunity! Beautiful older home near downtown Johnson City has been remodeled for a unique rental business. On the main level is a Salon Rental Business that has (4) Stylist Workstations, each are rented and operated by independent hair stylists, the upper level has (2) residential apartments. The total combined rental revenue is over 30k a year. No Salon experience or management experience is required. Note: Stylist are independent contractors, and each have been renters for a number of years. The apartments have also been fully rented for a number of years. No Salon Experience is Required, this is a rental business that requires no supervision or hands-on involvement. Whether you are a first-time investor or if you simply want to add to your portfolio, this is a wonderful opportunity. Rent Rolls and Additional Information is available upon request. This investment includes the house, property and business. Buyers & Buyers Agent to verify all information. Appointments are required, call LA for showing instructions, rent rolls and financials.

Details
Maps
Location, Tax & Legal Info
Street #: 402
St Direction: East
Street Name: Unaka
St Suffix: Avenue
County: Washington
State/Province: TN
Zip Code: 37601
Area: 302 - NE Johnson City
Lot #: 41
Block: 1
Deed Book #: R254
Deed Page #: I1717
Parcel ID: 046f H 025.00
City Taxes: 590.63
County Taxes: 743.69
Contract Info
Status: Active
Listing Price: 164500
Current Price: $164,500
List Price/SqFt: 84.62
Listing Date: 2020-01-18
Sub Agent: No
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Size: 50x150
Zoning: RO1
Year Built: 1929
Stories: 2
Total SqFt: 1944
Total SqFt Finished: 1944
# Parking Spaces: 10
Road Frontage Length: 200
Annual Lease $: 30000
Remarks & Misc
Public Remarks: Great Rental Investment Opportunity! Beautiful older home near downtown Johnson City has been remodeled for a unique rental business. On the main level is a Salon Rental Business that has (4) Stylist Workstations, each are rented and operated by independent hair stylists, the upper level has (2) residential apartments. The total combined rental revenue is over 30k a year. No Salon experience or management experience is required. Note: Stylist are independent contractors, and each have been renters for a number of years. The apartments have also been fully rented for a number of years. No Salon Experience is Required, this is a rental business that requires no supervision or hands-on involvement. Whether you are a first-time investor or if you simply want to add to your portfolio, this is a wonderful opportunity. Rent Rolls and Additional Information is available upon request. This investment includes the house, property and business. Buyers & Buyers Agent to verify all information. Appointments are required, call LA for showing instructions, rent rolls and financials.
Directions: North Roan Street, Turn on E. Watauga Avenue, Turn Left on New Street, then left on E. Unaka Avenue, Business is on left. No Sign.
Property Features
Property Condition: Average
Business Type: See Remarks
Exterior Finish: Brick; Wood Siding
Other Equipment: Dryer; Exterior Lights; Free Standing; Lighting-Other; Refrigerator
Roof: Architect Shingle
Electric Service: 220 Volts
Development Status: Finished Lot(s)
Heating: Central; CHW System; Heat Pump
AC: Central Air
Water: At Road; Public
Sewer: At Road; Public Sewer
Road Access: City Street; Interstate
Info Available: Leases; Rental Roles
Restrictions: Other
Easements: None
Financing: Cash; Conventional
Existing Finance: None
Sale Includes: Fee Simple

Listing Office: THE PROPERTY EXPERTS

Last Updated: May - 01 - 2020

402 East Unaka Avenue, Johnson City, TN 37601 - MLS# 9903774

Information deemed reliable but not guaranteed.

Sunday 5th of July 2020 08:30 PM