
Seller's Agent in 2019
Jay Goodson
RE/MAX
(423) 612-3035
43 Total Sales
Estimated Value: $1,089,461 - $1,788,000
Investment opportunity! This is two properties sold as a portfolio: 1st property in the portfolio are the Cascade apartments, at 131 Bob Fitz, 15 units in 3 buildings. 12 units have 2 bedroom and 1.5 bath, and are two level townhomes. Two units have 2 bed/1 bath. One unit has one bed/1 bath. Those are one level. All but the one bedroom has Washer/Dryer hookups. The second property is 2806 2804 Plymouth Rd, located in south Johnson city, just off of S. Roan St. well maintained, and has 14 units, all one bed/one bath, all same floor plan. NOI for whole portfolio in 2018 is $95,675. But in 2019 first quarter, NOI actual, as of March 30th, NOI actual is at $26,319.71.Multiplied by 4 quarters puts 2019 NOI at $105,279, which puts cap rate at current listing price at 7.6% cap rate for both properties. Excellent investment property, stays rented, good locations. tenants pay electricity and water at Cascade (Fitz) and tenants pay electricity at Plymouth. All information subject to change, and to be verified by buyer and buyer's agent.
Last Agent to Sell the Property
REMAX Checkmate, Inc. Realtors License #329807 Listed on: 03/20/2019
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Skymax Properties Llc | $650,000 | Classic Title Ins Co Inc | |
B I C Enterprises | -- | -- | |
B I C Enterprises Llc | -- | -- | |
Painter Jonathan R | $700,000 | -- | |
Jtl Enterprises Llc | $38,000 | -- |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Skymax Properties Llc | $578,000 | |
Previous Owner | Jtl Enterprises Llc | $630,000 |
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
07/01/2019 07/01/19 | Sold | $1,200,000 | -13.6% | -- |
04/18/2019 04/18/19 | Pending | -- | -- | -- |
03/20/2019 03/20/19 | For Sale | $1,389,000 | -- | -- |
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $8,251 | $482,520 | $24,000 | $458,520 |
2023 | $6,287 | $292,400 | $0 | $0 |
2022 | $6,287 | $292,400 | $12,800 | $279,600 |
2021 | $6,287 | $292,400 | $12,800 | $279,600 |
2020 | $6,287 | $292,400 | $12,800 | $279,600 |
2019 | $5,107 | $292,400 | $12,800 | $279,600 |
2018 | $5,107 | $214,600 | $9,600 | $205,000 |
2017 | $5,107 | $214,600 | $9,600 | $205,000 |
2016 | $7,206 | $302,800 | $9,600 | $293,200 |
2015 | $5,995 | $302,800 | $9,600 | $293,200 |
2014 | $5,995 | $302,800 | $9,600 | $293,200 |
Seller's Agent in 2019
Jay Goodson
RE/MAX
(423) 612-3035
43 Total Sales
S
Buyer's Agent in 2019
Skylar DeJesus
Century 21 Legacy
(423) 302-8681
17 Total Sales
Source: Tennessee/Virginia Regional MLS
MLS Number: 418921
APN: 019-027.04