Turn-key, high Cap Rate properties and Multi-families in the Tree Streets are scarce on their own- combining the two is truly a rare opportunity. 500 WChestnut not only offers a Cap Rate of 9%+, but immediate potential to increase to over 10% with a conservative market adjustment on two of the unit's rental rates. Professional, long-term tenants occupy this building, located in one of the most desirable neighborhoods for living and market appreciation in Johnson City. Minutes from ETSU, hospitals and healthcare facilities, Quillen Medical School, Bill Gatton School of Pharmacy, and all that downtown has to offer.
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The average household income in
Johnson City, TN
declined
from
$40,370
to
$39,143
in the past year. This data is an estimate based upon
28,057
households in
Johnson City, TN. The chart below presents how household income is distributed in
Johnson City, TN
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Johnson City, TN
compared to median property taxes around the country. The prevalent amount of property taxes in
Johnson City, TN
equals
$800-$1,500
, which is
less
than the national average.