NOT LISTED FOR SALE

1205 Milligan Hwy Johnson City, TN 37601

-- Bed
-- Bath
-- Sq Ft
1991 Built

Last Sold August 20, 2018

Last sale price $280,000

1 Day on Market

Highlights

  • Deck
  • Cooling Available
  • Central Vacuum
  • Double Pane Windows
  • Ceramic Tile Flooring
  • Lot Has A Rolling Slope

About This Home

As of August 2018

Great investment property! First time on the market! This 5 unit apartment building is located in a prime location close to the interstate, ETSU, Milligan College, shopping and restaurants. Each townhouse has 2 spacious bedrooms, full bath, hall closet and linen closet upstairs. Main level consists of living room, coat closet with extra storage, convenient half bath with laundry area (stackable washer and dryer included), kitchen and dining area leading to back deck. Also, each unit has central vac. Townhouses are approximately 1,000 sq. feet. This property has great rental history and a low turnover rate. Three of the occupied units are long-term renters. Monthly rent is $550 per unit and renters pay own electric and water/sewer. Each unit has 2 parking spaces and there are several extra parking spaces. Exterior has just been freshly painted and property has been well-maintained. Don't miss out on this great opportunity! Call for your appointment today! Net annual income is average over last 4 years. Gross annual income is based on all units rented. Students have option of attending Elizabethton City Schools or Happy Valley. Sq. footage taken from Courthouse records. All information herein deemed reliable but not guaranteed.

Last Agent to Sell the Property

JANET SNYDER

Town & Country Realty - Downtown License #316946 Listed on: 07/12/2018

Last Buyer's Agent

Colin Johnson

KW Johnson City License #281993

KW Johnson City

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • Lot Has A Rolling Slope
  • Property is in good condition

Home Design

  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Double Pane Windows

Kitchen

  • Electric Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Basement

  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Deck

Schools

  • Happy Valley Elementary And Middle School
  • Happy Valley High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 055G A 001.00
  • Tax Block 0003

Community Details

Overview

  • Shenandoah Heights Subdivision

Building Details

  • Gross Income $33,000
  • Net Operating Income $19,407

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Directions: I-26 to Exit 24 toward Elizabethton and merge onto US-321N. Continue .26 miles and take Milligan Hwy. exit. Turn right onto Milligan Hwy. Go .66 miles. Apartment building will be on your left. No sign.
  • Prop. Type: Residential Income
  • Year Built: 1991
  • Property Sub Type: Multi-Family
  • Subdivision Name: Shenandoah Heights
  • Architectural Style: Townhouse
  • Unit Levels: Two
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 055G A 001.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: Commercial
  • General Property Description Elementary School3: Happy Valley
  • General Property Description Middle School2: Happy Valley
  • General Property Description High School3: Happy Valley
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 100.8x154.5 irr
  • Appliances Refrigerators: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 2
  • TopographyLot Description Rolling Slope: Yes
  • Flooring Carpet: Yes
  • Foundation Block6: Yes
  • Location Tax Legal Info Block: 0003
  • Basement Block4: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Ceramic Tile: Yes
  • Foundation PillarPostPier: Yes
  • Style Townhouse: Yes
  • General Property Description # Buildings: 1
  • Utilities Cable Connected2: Yes
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Has Basement: Block, Crawl Space
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Central Vacuum, Laminate Counters
  • Window Features: Double Pane Windows
  • Appliances Dishwasher: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Central Vacuum: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Shingle
  • Lot Features: Rolling Slope
  • Construction Type: Stucco
  • Foundation Details: Block, Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Deck: Yes
  • Exterior Finish Stucco2: Yes

Garage/Parking

  • Parking Features: Parking Spaces
  • Attached Garage: No
  • Parking Features:Parking Spaces: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Happy Valley
  • High School: Happy Valley
  • Middle Or Junior School: Happy Valley

Lot Info

  • Zoning: Commercial
  • Lot Dimensions: 100.8x154.5 irr
  • Parcel #: 055G A 001.00

Multi Family

  • Annual Gross Income: 33000.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2018 08/20/18 Sold $280,000 0.0% --
07/14/2018 07/14/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $280,000 -- --
Source: Tennessee/Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    JANET SNYDER

    Town & Country Realty - Downtown

  • Colin Johnson

    Buyer's Agent in 2018

    Colin Johnson

    KW Johnson City

    (423) 247-5510

    4 in this area

    230 Total Sales

    Colin Johnson
    Section Image
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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 409622

Tennessee/Virginia Regional MLS
Tennessee Carter County Johnson City 37601

1205 Milligan Hwy, Johnson City, TN

Not Listed for Sale

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Listing information is deemed reliable, but not guaranteed.

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