500 W Chestnut St, Johnson City, TN 37604

-IMMEDIATE INCOME PRODUCING! -CONVENIENT LOCATION! -OWNER OCCUPY OR INVESTOR OPPORTUNITY! This beautiful fourplex is quietly tucked away in Johnson City, just off Chestnut Street. It offers a friendly commute just minutes from downtown Johnson City, ETSU, JC Medical Center. The ''two'' 3-bedroom units are currently rented on a month-to-month term. Current Gross annual income $37,800.00 UPPER/ MAIN LEVEL: -- UNIT #1 (currently rented month to month at $900) 3-bedroom 1 bathroom w/ washer and dryer connection -- - Window Heat Pump in this unit MIDDLE LEVEL: -- UNIT 2-- (Right hand unit) 1 bedroom / 1 bathroom w/ Washer and dryer connection. (Currently rented for $775 monthly) --UNIT 3--(Left hand unit) 1 bedroom / 1 bathroom w/ washer and dryer connection. (Currently rented for $775 monthly) BOTTOM LEVEL: -- UNIT 4-- (Currently rented month to month at $700) 3-bedroom 1 bathroom w/ washer and dryer connection. Other notable features included but not limited to: - Metal roof - Large sized rooms - New decking and added handrails - All units come w/ Range, Refrigerator, and window AC units - Property line is further back than fence line! OVERHEAD/ EXPENSES: - Landlord currently pays 1 water bill for all units (one meter) and tenants pay their own individual electric bill (four separate meters) - Property insurance is approx. $3,800 annually - Property taxes for 2022 were $4015.02 - Mowing is $50 every 2-3 weeks. PLEASE PARK ALONG THE SIDE OF THE ROAD. Parking spaces are for tenants. 24 hr. notice required for scheduled showings. This property is being sold AS IS. ***ALL units have pets so please close each door behind you. *** This is priced to sell and won't last long... Contact your Realtor TODAY!