809 Ridgecrest Road
Property Description
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!
Broker Details
Selling Stateline Real Estate Group 423-343-9026
MLS ID: 31913 State License Number: 330034
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $485,000 |
| No. of Units: | 3 |
| Year Built: | 1972 |
| Lot Size: | 2,824.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $161,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 3 |
ID: 3yd-TVARMLS-10000938
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
2408 Stafford Avenue
Raleigh, North Carolina
101 & 102 Meadow view Lane
Spencer, TennesseeBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout