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809 Ridgecrest Road

Johnson City TN 37604

2824 sq. ft.
20908.8 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Income-producing property near ETSU!! Featuring a DUPLEX with two 2-bedroom, 1-bath units plus a NEWLY COMPLETED detached 1-bedroom, 1-bath COTTAGE. The property is currently rented by college students, with bedrooms leased individually to maximize income. The four duplex bedrooms are currently rented at $635 per room, plus tenants' share of utilities - $1,270 per unit. The cottage offers additional income potential and features new appliances, flooring and HVAC. With all three living spaces rented, projected gross income is just under $4,000/month. Each living area has separate HVAC and separate power metering. Duplex is on same water meter. Convenient to ETSU, downtown Johnson City, hospitals, shopping and more. Great opportunity for a student rental, investment property, house hack or multi-generational setup.The property sits on a generously-sized nearly half acre lot. Time to build your portfolio? This is THE ONE!

Features

2824 sq. ft. floor area
20908.8 sq. ft. lot size
Multi-Family

Property history for 809 Ridgecrest Road

2024
Sold
$295,000
20 Feb 2024 by BRITTANY REED, of The Addington Agency Bristol
2021
Sold
$212,000
30 Nov 2021 by Laura Meade, of Bridge Pointe Real Estate

Happy sellers in Johnson City

94%
94% of sellers in Johnson City reported that their sale price either exceeded or met their price expectations.

Johnson City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Johnson City over the last 12 months.

Local market activity for multi families in Johnson City

In the last 12 months, 4 multi families similar to 809 Ridgecrest Road, have been sold.

This represents a 34% increase in multi families sales when compared to the previous 12 months.

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