809 Ridgecrest Road
Property Description
**INVESTMENT OPPORTUNITY NEAR ETSU | 3 RENTAL UNITS | $465,000** Income-producing investment property featuring a duplex and a brand-new 2-bedroom, 1-bath cottage, offering three rental units in a convenient Johnson City location near ETSU. The duplex consists of two 2-bedroom, 1-bath units, while the brand-new cottage offers an additional 2-bedroom, 1-bath living space. **RENTAL INCOME BREAKDOWN:** - Duplex: $2,555/month - Cottage: $1,350/month - **Total Monthly Rental Income: $3,905** - **Annual Gross Rental Income: $46,860** - **Gross Rental Yield: Approximately 10.08%** Tenants are responsible for utilities. Each unit has a separate electric meter and HVAC system. Water is on a shared meter, with costs allocated among tenants. Annual property taxes are approximately $1,335, with insurance approximately $2,160. Conveniently located near ETSU, downtown Johnson City, medical facilities, and shopping. An excellent opportunity for investors seeking multiple rental income streams on one property. Lease agreements and additional rental information available upon request. Buyer/buyer's agent to verify all information.
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: | $465,000 |
| No. of Units: | 3 |
| Year Built: | 1972 |
| Lot Size: | 2,824.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $155,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 3 |
ID: 3yd-TVARMLS-10000938
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