Seller's Agent in 2020
Petra Becker
RE/MAX
(423) 791-9000
264 Total Sales
1444 Milligan Hwy Johnson City, TN 37601
Estimated Value: $273,196 - $274,000
--
Bed
5
Baths
3,300
Sq Ft
$83/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Paneling
- Patio
- Porch
- Window Unit Cooling System
- Combination Kitchen and Dining Room
About This Home
As of May 2020Johnson City has a host of unique and fun experiences for you to enjoy, including food and entertainment downtown, hiking and biking nearby, great schools, hospital system, and colleges. Subject property is situated near Milligan College. Picturesque Milligan College campus is located in beautiful Northeast Tennessee, within minutes of restaurants, shopping, theatre, and cultural activities, as well as plenty of outdoor adventures like hiking, skiing, and more.Excellent investment opportunity!! 5-plex on Milligan Hwy, Johnson City Address. Owners manage it themselves. Low expenses. 5 units, with effective rental income of $23,070, currently 100% occupied.
NOI is $14,200 per year. 7.3% cap rate
Two upstairs, and three basement apartments. Rent roll is $410, $410, $400, $400 and $400 currently. Potential rental income is $24,240.
Low Maintenance brick exterior. Close to Milligan college, and easy to rent.
See a greater return on investment with self-management, and possible rent increases to realize increased future income potential. This won't last long and will serve a new or experienced investor as a great investment piece for their portfolio. 4296R
Last Agent to Sell the Property
REMAX Checkmate, Inc. Realtors License #298523 Listed on: 03/02/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,408
Year Built
- Built in 1967
Lot Details
- 0.42 Acre Lot
- Level Lot
- Property is in average condition
Parking
- 10 Car Garage
- Parking Pad
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Composition Roof
Interior Spaces
- 3,300 Sq Ft Home
- 2-Story Property
- Paneling
- Combination Kitchen and Dining Room
- Fire and Smoke Detector
Kitchen
- Range
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Outdoor Features
- Patio
- Porch
Schools
- Happy Valley Elementary And Middle School
- Happy Valley High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Private Sewer
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 055n C 005.00
- Tax Block 0001
Community Details
Overview
- 5 Units
- College View Subdivision
Building Details
- Gross Income $24,240
- Net Operating Income $14,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 14, 2020
Sold by
Bakshi Brijmohan
Bought by
Baba Properties Llc
Current Estimated Value
Purchase Details
Listed on
Mar 2, 2020
Closed on
May 20, 2020
Sold by
Sonico U
Bought by
Bakshi Brijmohan
Seller's Agent
Petra Becker
REMAX Checkmate, Inc. Realtors
Buyer's Agent
ALEX COOLEY
KW Johnson City
List Price
$195,000
Sold Price
$158,420
Premium/Discount to List
-$36,580
-18.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.54%
Purchase Details
Closed on
Dec 15, 1995
Bought by
U-Sonico
Purchase Details
Closed on
Jan 21, 1967
Bought by
Mcclain Joe F and Mcclain Wilma
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Baba Properties Llc | -- | None Available | |
| Bakshi Brijmohan | $158,420 | None Available | |
| U-Sonico | $115,900 | -- | |
| Mcclain Joe F | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2020 05/22/20 | Sold | $158,420 | -18.8% | $48 / Sq Ft |
| 05/13/2020 05/13/20 | Pending | -- | -- | -- |
| 03/02/2020 03/02/20 | For Sale | $195,000 | -- | $59 / Sq Ft |
Source: Tennessee/Virginia Regional MLS
Tax History Compared to Growth
Tax History
| 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 | $2,408 | $72,960 | $20,520 | $52,440 |
| 2023 | $2,408 | $72,960 | $0 | $0 |
| 2022 | $2,626 | $72,960 | $20,520 | $52,440 |
| 2021 | $1,481 | $72,960 | $20,520 | $52,440 |
| 2020 | $1,432 | $72,960 | $20,520 | $52,440 |
| 2019 | $2,396 | $55,480 | $18,920 | $36,560 |
| 2018 | $2,363 | $55,480 | $18,920 | $36,560 |
| 2017 | $2,363 | $55,480 | $18,920 | $36,560 |
| 2016 | $2,352 | $55,480 | $18,920 | $36,560 |
| 2015 | $2,358 | $55,480 | $18,920 | $36,560 |
| 2014 | $2,161 | $50,600 | $18,800 | $31,800 |
Source: Public Records
Agents Affiliated with this Home
-
Petra Becker
-
Jay Goodson
Seller Co-Listing Agent in 2020
Jay Goodson
RE/MAX
(423) 612-3035
45 Total Sales
-
ALEX COOLEY
A
Buyer's Agent in 2020
ALEX COOLEY
KW Johnson City
(423) 723-9530
162 Total Sales
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 9905261
APN: 055N-C-005.00
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