$2,930,000
Johnson City, TN 37615
MLS# 9973013
Status: Closed
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Property Description
26-Unit Meticulously maintained apartment Complex in the heart of Gray with a Johnson City address. 24 1 bedroom 1.5 bath units with drive under garages, and a 2 Bedroom Duplex with drive under garages. 4 units total on 4 parcels 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. Buyer/buyer's agent to verify acreage. Seller has a total of 4 apartment complexes for sale.
Details
Maps
Location, Tax & Legal Info
Lot #: 129
Parcel ID: 012c B 006.00
Deed Book #: 863
Deed Page #: 421
City Taxes: 0
County Taxes: 3619.74
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 3400000
Current Price: $2,930,000
Listing Date: 2024-11-01
General Property Description
Lot Dimensions: 1.25
Acres: 1.25
Zoning: PRD 1
Elementary School: Boones Creek
Middle School: Boones Creek
Total Units: 26
High School: Daniel Boone
HOA Y/N: No
Property Sub-Type: Multi Family
Year Built: 1996
Remarks & Misc
Directions: From I-26 take exit 20 to N Roan St and go seven miles. Property on left.
Property Condition
Average: 1
Exterior Finish
Brick: 1
Wood Siding: 1
Unit 1
# Units: 8
# Bedrooms: 8
# Bathrooms: 8
# Half Baths: 8
Unit 2
# Units: 10
# Bedrooms: 10
# Bathrooms: 10
# Half Baths: 10
Style
See Remarks: 1
Roof
Composition: 1
Shingle: 1
Unit 3
# Units: 6
# Bedrooms: 6
# Bathrooms: 6
Half Baths: 6
Unit 4
# Units: 2
# Bedrooms: 4
# Bathrooms: 2
Heating
Central: 1
AC
Central Air: 1
Water
Public: 1
Appliances
Electric Range: 1
Refrigerator: 1
Topography/Lot Description
Rolling Slope: 1
Flooring
Carpet: 1
Easements
See Remarks: 1
Parking Features
Asphalt: 1
Structure Type
Multi Family: 1
Location Tax Legal Info
Street #: 6125
Street Name: Kingsport
St Suffix: Highway
County: Washington
State/Province: TN
Zip Code: 37615
Status Change Info
Date Pending: 2024-11-29
Sold Date: 2025-03-24
Sold Price: $2,930,000
Property Features
Property Condition: Average
Style: See Remarks
Exterior Finish: Brick; Wood Siding
Appliances: Electric Range; Refrigerator
Flooring: Carpet
Roof: Composition; Shingle
Parking Features: Asphalt
Heating: Central
Water: Public
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.