505 Stanley Ave, Johnson City, TN 37604

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Steve J G.

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  • Available Spaces
Suite Space Type Pricing Size
--- Multi-Family Space For sale: Contact for Pricing 11,200 sqft

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Building Details:

• Year Built: 1960

505 Stanley Ave is amulti-family property for lease in Johnson City, TN. The property currently has 1 multi-family space for lease and is marketed by Remax Checkmate, Commercial Division.

6 unit apartment building for sale, with serious value-add potential. 4 units are 2 bedroom, and 2 units are 1 bedroom, all tenants past one year and are month to month, with some tenants having been there for years. Simple, basic apartments, easy to rent, and no vacancies at this time. Each unit has Stove, fridge, washer hook-up, window unit A/C, and wall heaters. Rents currently below market average, and with management, could gross up yearly net income nicely. Great investment opportunity.

Landlord pays electricity for the two 1BR units, and pays water on all six units.

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