Unlock a high-potential investment in one of Johnson City’s most desirable townhouse communities. This 2-bedroom, 1.5-bath, 1,080 sq. ft. brick townhome offers strong upside with light-to-moderate cosmetic renovations and a projected after-repair value of $218,000. Located just minutes from ETSU, downtown Johnson City, shopping, and major employers, this property is ideal for flippers or long-term rental investors seeking dependable ROI and market appreciation.
Investment Highlights
- Asking Price: $155,000
- After Repair Value (ARV): $218,000
- Estimated Repairs: ~$19,000
- Projected Profit: $22,000+
- Market: High-demand Johnson City rental corridor
Scope of Work Overview
Minimal structural work required—mostly cosmetic updates:
- Replace tub, vanity, and toilet in bathrooms
- Install granite countertops and hardware in kitchen
- Replace flooring in bedrooms; refresh trim and paint throughout
- Upgrade light fixtures and receptacles
- Replace aging water heater; minor plumbing repair
- Pressure wash exterior porch; minor ceiling/wall patch and paint
- Estimated timeline: 2–3 weeks renovation
Property & Community Features
- 2 Bedrooms | 1.5 Bathrooms | 1,080 Sq. Ft.
- Built in 1987 | HOA $150/mo (covers roof and exterior)
- Brick construction with solid foundation
- Newer HVAC (approx. 5 years old)
- Assigned parking, private front porch, and quiet neighborhood
Why Investors Love It
This property sits in a stable and appreciating market with limited supply of renovated townhomes under $225K. Its layout, low HOA-maintained exterior, and desirable location near medical, retail, and university districts make it a fast-turn resale or cash-flow rental opportunity.
