For Sale

Listed by BRITTANY REED from Selling Stateline Real Estate Group

Source: Tennessee Virginia Regional Multiple Listing Servi #10000938

809 Ridgecrest Road, Johnson City, TN, 37604

$485,000

2824 sq. ft.
20908.8 sq. ft.

MultiFam

1 day on the market

What's around 809 Ridgecrest Road

About this property

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!

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