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3411 W Walnut St 6 Unit Apartment Building $674,999 ($112,500/Unit) Johnson City, TN 37604
EXECUTIVE SUMMARY
Investment opportunity in the heart of Johnson City! A beautifully maintained 6-unit apartment building offering solid cash flow with value-add potential. Currently bringing in $60,240 annually in rental income with below-market rents, this property offers an excellent upside for investors looking to maximize returns. The upstairs has 2-(2bed/1bath) units The main level has 2-(2bed/1bath) units. and back side of the building on the lowest level there are 2-(1bed/1bath) units. All units have tile flooring, fresh paint, and newer appliances. With its central location, proximity to downtown, ETSU, and major employers, this property is ideally positioned for long-term appreciation and increased rent potential! *Information deemed reliable but not guaranteed, buyer/buyers agent to verify all information.
PROPERTY FACTS
| Price | $674,999 | Building Class | C |
| Price Per Unit | $112,500 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 4,125 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low-Rise |
| Price | $674,999 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 4,125 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 687 |
| 2+1 | 4 | - | 687 |
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PROPERTY TAXES
| Parcel Number | 053O-B-006.00 | Improvements Assessment | $110,720 |
| Land Assessment | $12,240 | Total Assessment | $122,960 |
PROPERTY TAXES
Parcel Number
053O-B-006.00
Land Assessment
$12,240
Improvements Assessment
$110,720
Total Assessment
$122,960
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3411 W Walnut St
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