About 500 West Chestnut Street
The eclectic Tree Streets are one of the most sought-after areas in East Tennessee. A tree-lined residential neighborhood within biking distance of ETSU, Quillen Med School, Bill Gatton School of Pharmacy, plus all that Downtown Johnson City has to offer. Unique events make the 'Tree Streets' feel like home. Property is within walking distance to Veterans Park (and South Side Elementary), a few favorites to catch: Music in the Park on Sundays, Kickball and a Covered Dish, Earth Day Bike Parade, Chili Cook-off. Turn-key, high cap properties and multi-families in the Tree Streets are scarce on their own- combining the two is truly a rare opportunity. 500 W Chestnut not only produces a 9% cap, but has immediate potential to increase, without force, through a conservative rental rate adjustment on two of the units.
Features of 500 West Chestnut Street
| MLS® # | 9967034 |
|---|---|
| Price | $405,000 |
| Bathrooms | 0.00 |
| Acres | 0.37 |
| Year Built | 1960 |
| Type | Multi-Family |
| Sub-Type | Multi-Family |
| Style | Raised Ranch |
| Status | Active |
Community Information
| Address | 500 West Chestnut Street |
|---|---|
| Subdivision | Tree Streets |
| City | Johnson City |
| County | Washington |
| State | TENNESSEE |
| Zip Code | 37604 |
Amenities
| Garages | Asphalt |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Baseboard, Central |
| Cooling | Ceiling Fan(s), Central Air, Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior | Brick |
|---|---|
| Lot Description | Rolling Slope |
School Information
| Elementary | South Side |
|---|---|
| Middle | Liberty Bell |
| High | Science Hill |
Additional Information
| Date Listed | June 10th, 2024 |
|---|---|
| Days on Market | 97 |
| Zoning | R2 |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Bridge Pointe Real Estate Jonesborough |
|---|