Pending: MLS #9962738 Johnson City, TN $ 1,900,000
Pending: MLS #9962738
$ 1,900,000
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Pending: MLS #9962738

Johnson City, TN, 37604
$ 1,900,000
Baths0.0 Sq 11,500
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Studio

Property for Rent in Johnson City, TN

for $1,900,000. This 11,500 square foot property was built in 1994 on a lot size of 1.4.

Units consist of 6-3/2, 7-1/1, and 1-3/2. Tenants pay utilities. Welcome to 167 & 171 Minga Drive, an exceptional investment opportunity nestled in the heart of Johnson City, TN. This meticulously maintained 14-unit apartment building presents a prime chance to expand your portfolio in one of Tennessee's most thriving rental markets. Features include. Prime Location: Conveniently situated in a sought-after neighborhood of Johnson City, offering easy access to local amenities, schools, and major transportation routes. Well-Appointed Interiors: Modern finishes and thoughtful design elements adorn the interiors, creating a welcoming atmosphere for residents. Income Potential: With a consistent demand for rental properties in Johnson City, this building promises a lucrative income stream for investors. Low Vacancy Rate: Benefit from a historically low vacancy rate, ensuring steady occupancy and minimal turnover. Ample Parking: On-site parking facilities provide convenience and ease for residents, enhancing the appeal of the property. Strong Rental History: A proven track record of reliable rental income underscores the investment potential of this property. Location Highlights: Close proximity to shopping centers, restaurants, and entertainment options, offering residents a vibrant lifestyle Easy access to major employers and educational institutions, appealing to a diverse tenant base. Nearby parks and recreational facilities provide opportunities for outdoor enjoyment and leisure activities. Don't miss out on this rare opportunity to acquire a well-positioned apartment building in Johnson City's thriving rental market. Whether you're a seasoned investor or looking to start your real estate portfolio, 167 & 171 Minga Drive presents an excellent chance to capitalize on the demand for quality rental housing in the area. All information herein deemed reliable but subject to buyers verification.

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Rental Pending

Price

$ 1,900,000

Bedrooms

Studio

Taxes

$ 5,364

Style

Lot Size

1.4

Year Built

1994

Town/City

Johnson City

County/Region

Washington

MLS | Web ID

9962738

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Shingle
Development Status Other
Zoning R3
Construction Materials Brick Vinyl Siding
Year Built 1994
Electric 220 Volts
Business Type Residential
County Washington
New Construction N
Property Type Commercial Lease
Garage Y/N N
Status Pending
Directions Knob Creek Rd to Claude Simmons Rd. 1.1 left onto Claude Simmons Rd. 1 mi left onto Minga Dr. 300 ft on right.
City Johnson City
View Y/N N
MLS Area 301 - NW Johnson City
Lot Size Square Feet 60984.0
Carport Y/N N
Land Lease Y/N N
Property Condition Above Average
Lease Renewal Y/N N
MLS Area Minor 301 - NW Johnson City
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 32
Standard Status Pending
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Exterior
Water Source Public
Lot Size Area 1.4
Spa N
Building Area Total 12350.0
Lot Dimensions 200 x 308
Lot Size Acres 1.4
Lot Size Units Acres
Road Frontage Type Dedicated
Other Equipment Refrigeration Smoke Detector(s)
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Electric On Property Y/N N
Total Baths 0
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* Excluded Features
List By
Corey Tittle

Listing Agent

Kw Johnson City

Broker

corey@bixbyhomesgroup.com

Email

Nearby
857276 Elementary School
857482 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/5/2024$1,900,000 Listed Price

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