Johnson City has a host of unique and fun experiences for you to enjoy, including food and entertainment downtown, hiking and biking nearby, great schools, hospital system, and colleges. Subject property is situated near Milligan College. Picturesque Milligan College campus is located in beautiful Northeast Tennessee, within minutes of restaurants, shopping, theatre, and cultural activities, as well as plenty of outdoor adventures like hiking, skiing, and more.Excellent investment opportunity!! 5-plex on Milligan Hwy, Johnson City Address. Owners manage it themselves. Low expenses. 5 units, with effective rental income of $23,070, currently 100% occupied.NOI is $14,200 per year. 7.3% cap rateTwo upstairs, and three basement apartments. Rent roll is $410, $410, $400, $400 and $400 currently. Potential rental income is $24,240.Low Maintenance brick exterior. Close to Milligan college, and easy to rent. See a greater return on investment with self-management, and possible rent increases to realize increased future income potential. This won't last long and will serve a new or experienced investor as a great investment piece for their portfolio. 4296R
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