Building Details:
Vines St. And Textile is located in Johnson City, TN.
3 Income Producing Rental Homes:
2420 VINES ST. - Built in 1935, 3 Bedroom single Level 878 sf needs some cosmetic improvements. 68' x 135' lot.
Monthly rent $550
Net operating income is $5,761 (Actual 2013)
ASKING PRICE - $59,900
Cap 9.5%
2418 Vines St & 2415 Textile St. are two identical houses on the same parcel (one facing Vines St and one faces Textile St.) Built in 1996, 2 Bedrooms / 2 Baths, No repairs needed. Irregular lot. Textile St. has the larger yard.
Monthly rent $600 & $625
Net operating income is $10,981 (Actual 2013)
ASKING PRICE - $149,900
Cap - 7.3%
Ask about Seller's other income / investment properties available.
Off State of Franklin St, Turn on to W. Walnut at the Kroger Center. Past the Burlington building RIGHT on Vines St. (No outlet)
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