Sold
Last Sold Price

131 Bob Fitz Rd, Unit 29, Johnson City, TN 37615

Multi FamilyProperty Type
1.84 acresLot Size
1996Year Built

Description

Investment opportunity! This is two properties sold as a portfolio: 1st property in the portfolio are the Cascade apartments, at 131 Bob Fitz, 15 units in 3 buildings. 12 units have 2 bedroom and 1.5 bath, and are two level townhomes. Two units have 2 bed/1 bath. One unit has one bed/1 bath. Those are one level. All but the one bedroom has Washer/Dryer hookups. The second property is 2806 2804 Plymouth Rd, located in south Johnson city, just off of S. Roan St. well maintained, and has 14 units, all...Investment opportunity! This is two properties sold as a portfolio: 1st property in the portfolio are the Cascade apartments, at 131 Bob Fitz, 15 units in 3 buildings. 12 units have 2 bedroom and 1.5 bath, and are two level townhomes. Two units have 2 bed/1 bath. One unit has one bed/1 bath. Those are one level. All but the one bedroom has Washer/Dryer hookups. The second property is 2806 2804 Plymouth Rd, located in south Johnson city, just off of S. Roan St. well maintained, and has 14 units, all one bed/one bath, all same floor plan. NOI for whole portfolio in 2018 is $95,675. But in 2019 first quarter, NOI actual, as of March 30th, NOI actual is at $26,319.71. Multiplied by 4 quarters puts 2019 NOI at $105,279, which puts cap rate at current listing price at 7.6% cap rate for both properties. Excellent investment property, stays rented, good locations. tenants pay electricity and water at Cascade (Fitz) and tenants pay electricity at Plymouth. All information subject to change, and to be verified by buyer and buyer's agent.
  • Listed by: Jay Goodson • REMAX Checkmate, Inc. Realtors
Listing closed: 07/01/2019 12:00 AM • Source: Tennessee Virginia Regional MLS, MLS#: 418921
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Recent comparable sales

Median sold price

$275,000

Avg days on market

143

Sale-to-list ratio

87.7%

Johnson City, TN

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Location

Listing Courtesy of REMAX Checkmate, Inc. Realtors, Jay Goodson (423.612.3035)

Sold By Century 21 Heritage, Skylar DeJesus (423.900.0270)

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Property Information for 131 Bob Fitz Road, Unit 29

Property Details

  • Taxes: $11,994 / year
  • MLS Type: Multi-Family / Multi-Family
  • Architectural Style: Townhouse
  • Zoning: R

Building Information

  • Year Built: 1996
  • Lot Size: 1.84 AC / 80,150 SF

Summary

Location and General Information
  • City: Johnson City
  • County: Washington
  • Directions: Cascadeis in Gray, left off exit, right on Bob Fitz, property on left. Plymouth is south JC, heading south on S Roan St, turn left on Plymouth, property is on the right. (no Sign)
  • Latitude: 36.40
  • Longitude: -82.48
  • Postal Code: 37615
  • State Or Province: TN
  • MLS Area Major: 307 - Gray/Boones Creek
  • MLS Area Minor: 307 - Gray/Boones Creek
  • General Property Description : Zoning: R
Taxes and HOA Information
  • Parcel Number: 019 027.04
  • Association Fee: 0.0
  • Location Tax Legal Info : City Taxes: $2,940.00
  • Location Tax Legal Info : County Taxes: $9,054.00
School Information
  • High School: Daniel Boone
  • Middle Or Junior School: Ridgeview
  • Elementary School: Ridgeview

Property

Lot Information
  • Lot Size Dimensions: 1.84
  • Lot Size Square Feet: 80,150.40
  • Lot Size Acres: 1.84
  • Lot Size Area: 1.84
  • Lot Size Units: Acres
  • General Property Description : Acres: 1.84
Property and Assessments
  • Property Condition: Above Average
  • Property Type: Multi-Family
  • Year Built: 1996
  • Property Sub Type: Multi-Family
  • Property Type Label: Multi-Family
  • New Construction: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Interior and Exterior Features

Interior Features
  • Cooling: Central Air
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Levels: One
Exterior Features
  • Construction Materials: Brick
  • Exterior Finish : Brick: Yes

Multi Family

Multi-Family Information
  • General Property Description : # of Units: 29.00
  • Location Tax Legal Info : Unit #: 29
Income & Expenses Information
  • Income and Expenses : Vacancy Rate: 3

Property History for 131 Bob Fitz Road, Unit 29

DateEvent & SourcePriceAppreciation
Jul 1, 2019

Closed

Tennessee Virginia Regional MLS #418921

$1,200,000—
Mar 20, 2019

Listed (Active)

Tennessee Virginia Regional MLS #418921

$1,389,000—
DateEvent & SourcePrice
07/01/2019

Closed

Tennessee Virginia Regional MLS #418921

$1,200,000
03/20/2019

Listed (Active)

Tennessee Virginia Regional MLS #418921

$1,389,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 131 Bob Fitz Road, Unit 29

This home is within Washington County School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 4
Public - 5 to 8
Rating
School
Distance
Ridgeview Elementary School
PublicPK to 8

Daniel Boone High School
Public9 to 12

Boones Creek Elementary School
PublicPK to 4

Boones Creek Middle School
Public5 to 8

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 131 Bob Fitz Road, Unit 29, Johnson City, TN 37615
$1,200,000
–
–
–
80,150
$650,000
–
5,376
43,560
$700,000
6
–
–
43,560
$105,000
–
0.5
750
871
–
–
1
1,232
43,560
$22,000
–
–
–
11,761

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REMAX Checkmate, Inc. Realtors, Jay Goodson (423.612.3035)

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