Courtesy of: Brittany Reed, Selling Stateline Real Estate Group, brittany@sellstateline.com
Courtesy of: Brittany Reed, Selling Stateline Real Estate Group, brittany@sellstateline.com
$485,000
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8 bed
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2,824 square feet
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3.00 Bath (3 Full)
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Lot: 0.48 Acres
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Other
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$485,000
809 Ridgecrest Road 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!
Courtesy of: Brittany Reed, Selling Stateline Real Estate Group, brittany@sellstateline.com
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