210 Longview Ave - Apartments FOR SALE


Jonesborough, TN 37659
$1,750,000 USD
423-446-0148
210 Longview Ave, Jonesborough, TN for Sale
$1,750,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

210 Longview Ave
Jonesborough, TN 37659


OVERVIEW

Rare Investment Opportunity Near Historic Downtown Jonesborough! Fantastic opportunity to own a fully occupied 8-unit apartment property in an incredible location within walking distance of charming historic downtown Jonesborough. Each unit offers 2 bedrooms and 1 full bath, a fully equipped kitchen, washer and dryer hookups, luxury vinyl flooring, and window blinds. All 8 units are currently rented, providing immediate rental income with potential for future rent increases. 5 units are equipped with mini-split heating and cooling systems, while the remaining 3 have window air-conditioning units. A new roof was installed in 2020, adding to the property's appeal and long-term value. The location is truly hard to beat! Residents can walk to historic downtown Jonesborough to enjoy its restaurants, shops, community events, and small-town charm. The property is also within walking distance of the Jonesborough Senior Center and conveniently located near a public pickleball court, adding even more recreational opportunities nearby. Plus, Johnson City and the surrounding Tri-Cities area are just a short drive away. Whether you're looking to expand your investment portfolio or add a fully occupied multifamily property with future income potential, this 8-plex offers an outstanding combination of location, occupancy, and opportunity. Rent rolls for all 8 units attached

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Ridges

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,550 SF

ZONING

Multi

APN/PARCEL ID

052O-D-011.03

ASK ABOUT THIS PROPERTY

Jason JohnstonColdwell Banker Security Real EstateMore Info
423-446-0148

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Jason JohnstonColdwell Banker Security Real EstateMore Info
423-446-0148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.