3411 West Walnut Street.
Multifamily | 6 Units | $112,500/unit
Marketing description
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.
Investment highlights
- Stable rental with long term tenants.
- Rents are currently under market and can easily be raised to market value to improve returns.
- Lot Size 99.89 X 176 IRR
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