1112 King Springs Rd
Description
- located close to downtown, mountain view elementary school, and less than a half mile away from the Tweetsie Trail. Amazing location for sustained growth
- 3 tenants landlord pays power an extra $150 is added to their rent for power
- 26 out of 29 units have been remodeled with LVP flooring new baseboards 3 remaining units that have not been remodeled have tenants who've been there for over 10 years and keep their apartments clean
- All of the front exterior windows in...- 29 1 Bedroom 750 sq ft units
- located close to downtown, mountain view elementary school, and less than a half mile away from the Tweetsie Trail. Amazing location for sustained growth
- 3 tenants landlord pays power an extra $150 is added to their rent for power
- 26 out of 29 units have been remodeled with LVP flooring new baseboards 3 remaining units that have not been remodeled have tenants who've been there for over 10 years and keep their apartments clean
- All of the front exterior windows in building are brand new
- 15 out of 29 brand new exterior front doors
- 4 units have new cabinets and countertops
- All units that leases have expired rent has been raised to $560/month all new tenants have leases signed for $575/month
- Backside of the building has 10 new windows
- Roof is 8 years old 30 year architectural shingle
- All of the downstairs sewer have been replaced and with added boots for easy access in case of blockage
- Several units have new interior doors
-14 new air conditioners
- On site laundry room
- On site office space/leasing room
- 2 storage buildings on property
- Wall A/C and Baseboard heat
- Landlord pays water
- 4 tenants receive partial/full section 8 vouchers
- 3 units newly remodeled & ready will be rented by the end of the week
- 2 tenants under eviction units will be remodeled and rented by 6/10/22
Future Capex Improvements
Painted brick
Metal roof
Remainder of back side of building new windows
New parking lots
Overview
Building was purchased in 2018. Over $200,000 in renovations completed on the building since purchase. Purged non paying and non clean tenants. Front doors have been replaced as needed. Interior bedroom and bathroom doors replaced as needed. All of the units minus 3 tenants who've been there for 10+ years and who keep their units clean have been remodeled. Every tenant on brand new leases with updated rents at $560. 14 New air conditioners. All of the tenants on location keep their units r
- Listed by Skylar DeJesus • Century 21 Heritage
Property Details for 1112 King Springs Road
Property Details for 1112 King Springs Road
| Status | Closed |
|---|---|
| MLS # | 9938297 |
| Days on Market | 61 |
| Taxes | $15,956 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1977 |
| Lot Size | 7.45 AC / 324,522 SF |
| County | Washington County |
Location
Sold By Hurd Realty, LLC, Jacob Adams (423.627.7161)
Building Information for 1112 King Springs Road
Payment Calculator
$9,386 per month
30 year fixed, 6.46% Interest
$8,057
$1,330
$0
Know your buying power with a preapproval and custom rate in minutes
1Property Information for 1112 King Springs Road
- City: Johnson City
- County: Washington
- Directions: Get off exit 26. Turn left pass one stop light, at the four way make a left. Building is .25mi away down the street on your right.
- Latitude: 36.32
- Longitude: -82.33
- Postal Code: 37601
- State Or Province: TN
- General Property Description : Zoning: Commerical
- Parcel Number: Parcel Id/Tax Id 055b A 032.00
- Association Fee: 0.0
- Location Tax Legal Info : City Taxes: $7,114.45
- Location Tax Legal Info : County Taxes: $8,841.66
- High School: Science Hill
- Middle Or Junior School: Indian Trail
- Elementary School: Mountain View
- Lot Size Dimensions: n/a
- Lot Size Square Feet: 324,522.00
- Lot Size Acres: 7.45
- Lot Features: Level
- Lot Size Area: 7.45
- Lot Size Units: Acres
- Building Area Total: 40,194.00
- General Property Description : Acres: 7.45
- Property Condition: Average
- Property Type: Multi-Family
- Year Built: 1977
- Property Sub Type: Multi-Family
- Property Type Label: Multi-Family
- New Construction: No
- Water Source: At Road
- Cooling: Wall Unit(s)
- Bathrooms Total Decimal: .00
- Bathrooms Total Integer: 0
- Bathrooms Total Notational: .00
- Cooling: Yes
- Heating: Yes
- Levels: Three Or More
- General Property Description : Stories: 3
- Construction Materials: Brick
- Heating : Heat Pump: Baseboard
- Exterior Finish : Brick: Yes
- General Property Description : # of Units: 29.00
- General Property Description : Total Units: 29.00
- Income and Expenses : Gross Annual Income: 201540
- Unit 1 : # Units: 29
- Unit 1 : # Bedrooms: 29
- Unit 1 : Monthly Rent: 16795
- Unit 2 : SqFt: 20097
- Unit 3 : # Units: 29
- Unit 3 : SqFt: 20097
- Unit 3 : Monthly Rent: 16795
- Unit 4 : # Units: 29
Property History for 1112 King Springs Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jul 22, 2022 | Closed (Public Record) Public Record #1494412501 | $1,600,000 | +11.8% / yr |
| Jul 22, 2022 | Closed Tennessee Virginia Regional MLS #9938297 | $1,600,000 | — |
| May 23, 2022 | Contract - Not Showing Tennessee Virginia Regional MLS #9938297 | — | |
| May 23, 2022 | Contract - Showing Tennessee Virginia Regional MLS #9938297 | — | |
| May 23, 2022 | Listed (Active) Tennessee Virginia Regional MLS #9938297 | $1,680,000 | — |
| Jul 26, 2018 | Closed (Public Record) Public Record #627069021 | $1,025,000 | — |
| Jul 26, 2018 | Closed Tennessee Virginia Regional MLS #403167 | $1,025,000 | — |
| Mar 2, 2018 | Listed (Active) Tennessee Virginia Regional MLS #403167 | $1,100,000 | — |
| Feb 29, 2008 | Closed Tennessee Virginia Regional MLS #250928 | $1,097,000 | — |
| Jul 24, 2007 | Listed (Active) Tennessee Virginia Regional MLS #250928 | $1,080,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 07/22/2022 | Closed (Public Record) Public Record #1494412501 | $1,600,000 +11.8% / yr |
| 07/22/2022 | Closed Tennessee Virginia Regional MLS #9938297 | $1,600,000 |
| 05/23/2022 | Contract - Not Showing Tennessee Virginia Regional MLS #9938297 | — |
| 05/23/2022 | Contract - Showing Tennessee Virginia Regional MLS #9938297 | — |
| 05/23/2022 | Listed (Active) Tennessee Virginia Regional MLS #9938297 | $1,680,000 |
| 07/26/2018 | Closed (Public Record) Public Record #627069021 | $1,025,000 |
| 07/26/2018 | Closed Tennessee Virginia Regional MLS #403167 | $1,025,000 |
| 03/02/2018 | Listed (Active) Tennessee Virginia Regional MLS #403167 | $1,100,000 |
| 02/29/2008 | Closed Tennessee Virginia Regional MLS #250928 | $1,097,000 |
| 07/24/2007 | Listed (Active) Tennessee Virginia Regional MLS #250928 | $1,080,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1112 King Springs Road
Schools near 1112 King Springs Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 5 to 12 |
Rating | School | Distance |
|---|---|---|
Mountain View Elementary School PublicPK to 5 | ||
Indian Trail Middle School Public6 to 8 | ||
Science Hill High School Public9 to 12 | ||
Johnson City Virtual Academy Public5 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- South Side Johnson City Homes for Sale
- Downtown Johnson City Homes for Sale
- West Davis Park Homes for Sale
- Central Homes for Sale
- Pine Crest Homes for Sale
- Tree Streets Homes for Sale
- Mountain Home Homes for Sale
- Boone's Creek Homes for Sale
- Cherokee Homes for Sale
- Knob Creek Historic District Homes for Sale
- Oak Grove Homes for Sale
- Sycamore Shoals Homes for Sale
- Seminole Woods Homes for Sale
- Biltmore Homes for Sale
- Valley Forge Homes for Sale
- Watauga Homes for Sale
- Johnson City Homes for Sale
- Elizabethton Homes for Sale
- Unicoi Homes for Sale
- Milligan Homes for Sale
- Piney Flats Homes for Sale
- Hampton Homes for Sale
- Bluff City Homes for Sale
- Gray Homes for Sale
- Jonesborough Homes for Sale
- Bristol Homes for Sale
- Kingsport Homes for Sale
- Erwin Homes for Sale
- Chuckey Homes for Sale
- Blountville Homes for Sale
- 37692 Homes for Sale
- 37694 Homes for Sale
- 37686 Homes for Sale
- 37643 Homes for Sale
- 37615 Homes for Sale
- 37604 Homes for Sale
- 37682 Homes for Sale
- 37614 Homes for Sale
- 37658 Homes for Sale
- 37659 Homes for Sale
- 37618 Homes for Sale
- 37617 Homes for Sale
- 37663 Homes for Sale
- 37687 Homes for Sale
- 37650 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Century 21 Heritage, Skylar DeJesus
The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 09/03/2024 10:21 AM