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Johnson City TN 37604 US

$1,900,000

Pending Listing ID 9962738
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Lot: 1.40 Acres
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Other

$1,900,000

Pending Listing ID 9962738
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Units consist of 6-3/2, 7-1/1, and 1-3/2. Tenants pay utilities. Welcome to 167 & 171 Minga Drive, an exceptional investment opportunity nestled in the heart of Johnson City, TN. This meticulously maintained 14-unit apartment building presents a prime chance to expand your portfolio in one of Tennessee's most thriving rental markets. Features include. Prime Location: Conveniently situated in a sought-after neighborhood of Johnson City, offering easy access to local amenities, schools, and major transportation routes. Well-Appointed Interiors: Modern finishes and thoughtful design elements adorn the interiors, creating a welcoming atmosphere for residents. Income Potential: With a consistent demand for rental properties in Johnson City, this building promises a lucrative income stream for investors. Low Vacancy Rate: Benefit from a historically low vacancy rate, ensuring steady occupancy and minimal turnover. Ample Parking: On-site parking facilities provide convenience and ease for residents, enhancing the appeal of the property. Strong Rental History: A proven track record of reliable rental income underscores the investment potential of this property. Location Highlights: Close proximity to shopping centers, restaurants, and entertainment options, offering residents a vibrant lifestyle Easy access to major employers and educational institutions, appealing to a diverse tenant base. Nearby parks and recreational facilities provide opportunities for outdoor enjoyment and leisure activities. Don't miss out on this rare opportunity to acquire a well-positioned apartment building in Johnson City's thriving rental market. Whether you're a seasoned investor or looking to start your real estate portfolio, 167 & 171 Minga Drive presents an excellent chance to capitalize on the demand for quality rental housing in the area. All information herein deemed reliable but subject to buyers verification.

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Property Features

  • Facts
  • Lot Size: 1.40 Acres
  • Property Type: Commercial Lease
  • Property Sub-type: Other
  • Features
  • Roof Type: Shingle
  • Heating Fuels: Central Furnace

Property

  • propertytype: Commercial Lease
  • propertysubtype: Other
  • listprice: 1900000
  • postalcity: Johnson City
  • stateorprovince: TN
  • country: US
  • postalcode: 37604
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.4
  • lotsizeunits: Acres
  • lotsizearea: 1.4
  • livingarea: 12350
  • livingareaunits: Square Feet
  • listagentfullname: Corey Tittle
  • listagentemail: corey@bixbyhomesgroup.com
  • listagentkey: 3yd-TVARMLS-32893
  • listagentmlsid: 32893
  • listagentpreferredphone: 4234336500
  • listagentofficephone: 4234336500
  • listofficekey: 3yd-TVARMLS-612
  • listofficemlsid: 612
  • disclaimer: Copyright © 2024 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TVARMLS
  • yearbuilt: 1994
  • listingcontractdate: 2024-03-04
  • listagenturl: http://www.kw.com
  • countyorparish: Washington
  • constructionmaterials: Brick, Vinyl Siding
  • heating: Central Furnace
  • fireplaceyn: False
  • transactiontype: ForRent
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: False
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/TVARMLS/9962738/?channel=rexren", "LeadRoutingEmail":"klrw855@kw.com", "BrokerName":"Greater Kingsport Realty", "ListingTitle":"Commercial Lease - Johnson City, TN", "ListOfficeBrokerMlsId":"10269", "ListOfficeEmail":"jenniresonrealtor@gmail.com", "ListOfficeAddress1":"3009 Greenline Road", "ListOfficeAddress2":null, "ListOfficeCity":"Johnson City", "ListOfficePostalCode":"37604", "ListOfficeStateOrProvince":"TN", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Greater Kingsport Realty", "ListBrokeragePhone":"4234336500", "ListBrokerageEmail":"klrw855@kw.com", "ListBrokerageWebsiteUrl":"http://www.kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/TVARMLS/26c682a0df5a11e18fb91231380dd437/20191114145300231.png", "ListBrokerageUnparsedAddress":"3009 Greenline Road", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Johnson City", "ListBrokerageStateOrProvince":"TN", "ListBrokeragePostalCode":"37604", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-04T10:32:28Z", "Neighborhoods":[{"Name":"301 - NW Johnson City", "Description":null}], "Taxes":[{"TaxYear":null, "TaxAnnualAmount":0, "TaxDescription":null}]}
Listing Changed: 4/4/2024 3:54:29 PM GMT
Source Updated Date: 5/4/2024 6:40:30 AM GMT

Courtesy of: Corey Tittle, KW Johnson City, corey@bixbyhomesgroup.com

Copyright © 2024 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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