$725,000
406 West Maple Street
Johnson City, TN 37604
MLS# 9931202
2950 sqft


406 West Maple Street, Johnson City, TN 37604
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Property Description
Incredible Opportunity! Tree Streets 8-Plex Now Available. Locally referred to as ''The Hive'' is a very unique apartment building that offers both 1- and 2-bedroom apartments. Each unit has a different layout and each one has a lot of character. Several of the units have exposed brick and built-ins. Units have either hardwood floors, LVT or Tile floors. All of the units have Washer/Dryer hookups, Air Conditioning, Microwave, Range and Refrigerator. Seller has remodeled and updated each unit over the past 2 years. New metal roof installed in 2020. Strong Rental History, Rents range from $640.00 to $825.00 per month. Water, Sewer and Wi-Fi is included in the tenants rent. This multi-plex is within walking distance to Downtown Johnson City, two new City Parks (King Commons and Founders Park) and some of the best restaurants in the region. Call today for your private showing. 48 Hour Notice Required for Showings. Rent Roll and Expenses Available Upon Request

Details
Maps
Documents
Location, Tax & Legal Info
Street #: 406
St Direction: West
Street Name: Maple
St Suffix: Street
County: Washington
State/Province: TN
Zip Code: 37604
Subdivision: Tree Streets
Lot #: 92
Block: 17
Deed Book #: R977
Deed Page #: I2795
Parcel ID: 054c J 005.00 000
City Taxes: 1743.52
County Taxes: 2192.14
Contract Info
Status: Active
Listing Price: 725000
Current Price: $725,000
List Price/SqFt: 245.76
Listing Date: 2021-11-18
Sub Agent: No
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: 50 x 151
Zoning: R2
Property Sub-Type: Multi-Family
# Buildings: 1
# of Units: 8
Total Units: 8
Stories: 2
Year Built: 1913
Elementary School: South Side
Middle School: Indian Trail
High School: Science Hill
Home Warranty: No
Total SqFt: 2950
Remarks & Misc
Public Remarks: Incredible Opportunity! Tree Streets 8-Plex Now Available. Locally referred to as ''The Hive'' is a very unique apartment building that offers both 1- and 2-bedroom apartments. Each unit has a different layout and each one has a lot of character. Several of the units have exposed brick and built-ins. Units have either hardwood floors, LVT or Tile floors. All of the units have Washer/Dryer hookups, Air Conditioning, Microwave, Range and Refrigerator. Seller has remodeled and updated each unit over the past 2 years. New metal roof installed in 2020. Strong Rental History, Rents range from $640.00 to $825.00 per month. Water, Sewer and Wi-Fi is included in the tenants rent. This multi-plex is within walking distance to Downtown Johnson City, two new City Parks (King Commons and Founders Park) and some of the best restaurants in the region. Call today for your private showing. 48 Hour Notice Required for Showings. Rent Roll and Expenses Available Upon Request
Directions: Buffalo to West Maple St GPS Friendly
Income and Expenses
Gross Annual Income: 60825
Unit 1
# Rooms: 3
# Bedrooms: 2
# Bathrooms: 1
SqFt: 750
Monthly Rent: 825
Unit 2
# Rooms: 3
# Bedrooms: 2
# Bathrooms: 1
SqFt: 750
Monthly Rent: 800
Unit 3
# Rooms: 3
# Bedrooms: 2
# Bathrooms: 1
SqFt: 750
Monthly Rent: 800
Unit 4
# Rooms: 3
# Bedrooms: 1
# Bathrooms: 1
SqFt: 700
Monthly Rent: 750
Property Features
Property Condition: Above Average; Updated/Remodeled
Style: 2 Story; Cluster
Exterior Finish: Brick
Interior Features: Built-in Features; Eat-in Kitchen; Kitchen Island; Open Floorplan; Remodeled
Appliances: Microwave; Range; Refrigerator
Flooring: Hardwood; Tile; Vinyl
Roof: Metal
Parking Features: Parking Spaces
Topography/Lot Description: Sloped
View: Mountain
Heating: See Remarks
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Sewer: Public Sewer
Basement: Finished
AC: Wall Unit(s); Window Unit(s)
Construction: Site Built
Walls: Drywall; Plaster
Info Available: Leases; Profit/Loss Statement; Rental Roles
Easements: None
Financing: Cash; Conventional
Existing Finance: None
Expenses Include: Lawn Maint; Taxes Real Estate; Waste; Water/Sewer

Listing Office: THE PROPERTY EXPERTS

Last Updated: November - 19 - 2021

406 West Maple Street, Johnson City, TN 37604 - MLS# 9931202

Information deemed reliable but not guaranteed.

Tuesday 30th of November 2021 05:18 PM