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
| MLS # | 9999527 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 56 |
| Listing Provided By | Coldwell Banker Security Real Estate | Erika Santucci |
| SQ Feet | 3,200 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | multi |
| Acreage | 0.52 |
| State | TN |
|---|---|
| County | Washington |
| City | Jonesborough |
| Zip Code | 37659 |
| Area | 309 Jonesborough | The Ridges Subdiv |
| Subarea | 309 Jonesborough | The Ridges Subdiv |
| School District | David Crockett |
| Elementary School | Jonesborough |
| High School | David Crockett |
| Listing VS Median (in 37659) | |
Price: $1,499,999 low | high Med: $425,950 sqft: 3,200 low | high Med: 2,287 $ / sqft: $469 low | high Med: $193 On site: 56 low | high Med: 60 | |
| State | TN |
|---|---|
| County | Washington |
| City | Jonesborough |
| Zip Code | 37659 |
| Area | 309 Jonesborough | The Ridges Subdiv |
| Subarea | 309 Jonesborough | The Ridges Subdiv |
| School District | David Crockett |
| Elementary School | Jonesborough |
| High School | David Crockett |
| Listing VS Median (in 37659) | |
Price: $1,499,999 low | high Med: $425,950 sqft: 3,200 low | high Med: 2,287 $ / sqft: $469 low | high Med: $193 On site: 56 low | high Med: 60 | |