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 "500 E Holston Ave @ Baxter"
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Price: |
$187,000
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Est. Payment: |
$921
per month *
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Calculator
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Johnson City, TN 37601
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Bedrooms: |
6
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Bathrooms: |
1
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Type: |
Multi-family
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Sq. Ft.: |
Not Specified
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Listing ID: |
WPW6368
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| Seller Name: | David | | Day Phone: | | | Alternate: | | |
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- 2 stories
- Residential zoning
- City (Neighborhood) views
- Wall Unit(s) cooling system
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- City provided sewer/wastewater
- Has a basement
- $1,400 estimated taxes (yearly)
- Reports and/or inspections include: Home Comp
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PRICE REDUCED !! Lets deal..
You may just talk me into paying closing cost.
This is a nice piece of property. six units, Each with one bed rm, one bath, living rm, kitchen, they come with furniture large lot. Large shade tree for relaxing under
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all apts rented
manager, maint,lawn care, cleaning crew,apartment show, all agree to stay on if new owner wishes them to.
He doesn't charge a monthly fee, so if there is no repairs needed there is no charge.
It is less expensive then reality Managing ..
So if your out of town or even state,, no problem..
Next year will be higher because we have been raising the rent.
This place will pay it's self off for you.
One more thing that could be done, the property is large enough to add on to complex.
Now just think if you added on 4 more apartments at 600 per mo.
thats another 28,800 a year more.
As much as they keep building new apartments around the collage campus they still cant keep up with the students demands for living
space. Thats why with our aparts. being all bills paid, they keep coming to us.
Last year we brought in 30,600.00
Just because we are wanting to put our money into something new don"t let this deal pass you by,,
& with it being so close to the collage it's always going to be a winner !!
It's in a up scale part of town. come do a drive by & check it out.don"t be the one left behind.
The only time we have been raising the rent is when a new tenant moves in. the apartments where all rented for 300 to 325 per mo. now none of them are below 400 per mo.
we aim to get them to bring in at least $35,400.00 per year, not including lost deposits .
we have found to be a lot lower rentals than other complexes around this area. & still will be at this new rate. But we want to keep them staying at our complex.
Great investment. me & my partners are just ready to invest in something new ..
like my Dad always told me, this is just a asking price,
Give me an offer- I may surprise you.. Call me for more details..
. 423-213-7096
574-457-5008
Thanks again,
Dave
www.owners.com/WPW6368
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* Based on 20% down and a 30-year fixed rate of 6.25%.
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