151 Rainbolt Street, Butler, TN 37640  

Four unit apartment complex, all on one level, located just across the street from Watauga Lake, with views of the Lake. Complex consists of one 2 bedroom unit and 3 one bedroom units. Each unit is separately metered for electricity, with the tenants paying their own heat and cooling bills. Property has been well maintained by the long term owner, with the following updates recently completed: New architectural roof in 2015, new appliances, 2011 thru 2015, and new floor coverings, 2010 thru 2015. Three of the four units have laundry facilities. Plenty of parking with a three carport on site for tenant parking. Monthly rentals total $1,260. This is the only apartment building in Butler, and would appeal to the many people who love living near the Lake. Strong rental history, with past tenants staying for 5 to 8 years. This property has been so well maintained and updated, there is little left for a new owner to do. Just buy it and begin collecting income from their investment. Reasonably priced by motivated seller.

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Listing Type
Multi-Family
Listing ID
390264
Lot Size
0.00 sqft
Listing Status
Active
Year Built
1976
County
Johnson
Floors
1
Units
4
Garage
3.0
School District 1
LITTLE MILLIGAN
School District 2
JOHNSON CO
School District 3
JOHNSON CO
Zoning
Commercial
Listing courtesy of RUSS SWANAY REAL ESTATE COMPAN
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX CHECKMATE INC REALTORS
    904 Sunset Drive Ste 1 Johnson City, TN 37604 | Phone: (423) 282-0432
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.