$2,880,000
Johnson City, TN 37604
MLS# 9973011
Status: Closed
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Property Description
30 Unit Meticulously maintained apartments in the heart of Johnson City. All brick 1 bedroom 1 bath 3-unit complex with high potential for rent increases. Same owner since 2015. The owner has done a lot of capital improvements & prides himself in maintaining a very good product. These units are ready for a new investor to take over & start making money. Owner not providing T12 or P&L. Seller has a total of 4 apartment complexes for sale.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 054a A 001.00
Deed Book #: R466
Deed Page #: I1562
City Taxes: 8444.3
County Taxes: 9169.32
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 3500000
Current Price: $2,880,000
Listing Date: 2024-11-01
General Property Description
Lot Dimensions: 334 x 283
Acres: 2.1
Zoning: R 5
Elementary School: Woodland Elementary
Middle School: Liberty Bell
Total Units: 30
High School: Science Hill
HOA Y/N: No
Property Sub-Type: Multi Family
Year Built: 2004
Remarks & Misc
Directions: From W Market St in Johnson City, turn onto Indian Ridge Rd at Krispy Kreme. Property on left.
Property Condition
Average: 1
Exterior Finish
Brick: 1
Unit 1
# Units: 10
# Bedrooms: 10
# Bathrooms: 10
Unit 2
# Units: 10
# Bedrooms: 10
# Bathrooms: 10
Style
See Remarks: 1
Roof
Composition: 1
Shingle: 1
Unit 3
# Units: 10
# Bedrooms: 10
# Bathrooms: 10
Unit 4
# Bathrooms: 0
Heating
Central: 1
AC
Central Air: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Electric Range: 1
Refrigerator: 1
Topography/Lot Description
Rolling Slope: 1
Flooring
Carpet: 1
Easements
See Remarks: 1
Structure Type
Multi Family: 1
Location Tax Legal Info
Street #: 1315
Street Name: Indian Ridge
St Suffix: Road
County: Washington
State/Province: TN
Zip Code: 37604
Status Change Info
Date Pending: 2024-11-29
Sold Date: 2025-03-24
Sold Price: $2,880,000
Property Features
Property Condition: Average
Style: See Remarks
Exterior Finish: Brick
Appliances: Electric Range; Refrigerator
Flooring: Carpet
Roof: Composition; Shingle
Heating: Central
Water: Public
Sewer: Public Sewer
AC: Central Air
Structure Type: Multi Family
Easements: See Remarks
Listing Office: The Brokers Realty & Auction
Last Updated: March - 27 - 2025
Information deemed reliable but not guaranteed.