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.
TownhomeProperty Type
1996Year Built
1.84 acresLot Size
Listed by Jay R Goodson• REMAX Checkmate, Inc. Realtors
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Townhouse
County
Washington County
APN
019 027.04
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 5, 2025.
Property details
Interior
Heating & Cooling
Has Cooling
Cooling: Central Air
Exterior
Building Information
Levels: One
Construction Materials: Brick
Property Information
Property Type: Residential Income
Property Sub Type: Townhouse
Raw Mls Property Sub Type: Multi-Family
Lot Information
Lot Size Dimensions: 1.84
Lot Size Area: 1.84
Lot Size Units: Acres
Lot Size Acres: 1.84
Zoning Description: R
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Ridgeview
Middle Or Junior School: Ridgeview
High School: Daniel Boone
Location Information
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)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Townhouse
Year Built: —
Year Renovated: —
County: Washington County
APN: 019 027.04
Home facts updated by county records on Jul 4, 2025
Around this home
Schools
Gray Elementary School
Public PreK-8 • Assigned • 1.2mi
7/10
Daniel Boone High School
Public 9-12 • Assigned • 1.6mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 98° expected this year, 21 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Johnson City, TN • 37615
Average low and high temperatures (°F)
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51
31
66
40
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69
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63
78
58
71
47
60
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51
31
Jan
Feb
Mar
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Sun exposure
In this area, properties receive around 8.8 hours in
June and 4.6 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$504,000 – $610,000
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