705 Lehigh St - Apartments FOR SALE


Johnson City, TN 37604- Downtown Johnson City
$260,000 USD
423-482-0743
705 Lehigh St, Johnson City, TN for Sale
$260,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

705 Lehigh St
Johnson City, TN 37604
Downtown Johnson City


HIGHLIGHTS

  • This 1,154 sq ft property features two 1-bedroom, 1-bath apartments, each with laundry hookups, and has undergone extensive renovations.
  • New roof, flooring, joists, and plumbing
  • New mini-split HVAC systems in both units for efficient heating and cooling

OVERVIEW

Discover a promising duplex investment property ideally located near East Tennessee State University (ETSU), the VA, downtown, and Roan Street's business district. This 1,154 sq ft property features two 1-bedroom, 1-bath apartments, each with laundry hookups, and has undergone extensive renovations. Key improvements include: New roof, flooring, joists, and plumbing - Upgraded interiors Left unit: fully remodeled with a new kitchen, bath, and modern finishes. Right unit: new flooring, updated bath, and added laundry area. New mini-split HVAC systems in both units for efficient heating and cooling. Separate water lines to each unit with tenant-paid utilities. Currently generating $1,650 in monthly rent ($800 for one unit, $850 for the other), this property is an excellent choice for a first-time rental investment or a valuable addition to your growing real estate portfolio. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN

FOR SALE DETAILS

PRICE

$260,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

2

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apartment

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Multi

APN/PARCEL ID

054B-E-018.00

ASK ABOUT THIS PROPERTY

Jim GriffinGriffin Home GroupMore Info
423-482-0743

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

Jim GriffinGriffin Home GroupMore Info
423-482-0743

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