Property Description

Listing Status

• More Listing Info

  AC:Heat Pump3	true
  Amenities:Landscaping	true
  Appliances:Dishwasher	true
  Appliances:Range	true
  Appliances:Refrigerator	true
  Contract Info:Foreclosure	No
  Easements:None12	true
  Expenses Include:Lawn Maint	true
  Expenses Include:Property Management	true
  Expenses Include:Repairs and Maint	true
  Expenses Include:WaterSewer	true
  Exterior Features:Balcony	true
  Exterior Finish:Wood Siding	true
  Flooring:Luxury Vinyl	true
  Foundation:Block6	true
  General Property Description:Acres	0.0
  General Property Description:Elementary School3	Cherokee
  General Property Description:High School3	Science Hill
  General Property Description:HOA YN	No
  General Property Description:Home Warranty2	No
  General Property Description:Lot Dimensions	158.14 X 249.34 IRR
  General Property Description:Middle School2	Liberty Bell
  General Property Description:Total Units	8
  General Property Description:Zoning2	R 4
  Heating:Heat Pump2	true
  Levels:Two	true
  Location Tax Legal Info:City Taxes	2831.99
  Location Tax Legal Info:County Taxes	3513.02
  Location Tax Legal Info:Deed Book #	1133
  Location Tax Legal Info:Deed Page #	2857
  Other Equipment:Satellite Dish	true
  Other Rooms:Laundry	true
  Parking Features:Asphalt2	true
  Property Condition:Average	true
  Remarks Misc:Directions3	From parkway, turn on Greenwood Dr, turn left on Colony, complex is towards the back on the left
  Remarks Misc:Public Remarks7	8-Unit Multifamily Investment Opportunity Now available--well-maintained 8-unit townhome-style complex in a prime Johnson City location offering strong occupancy and immediate income potential. The property features eight 2-bedroom, 1.5-bath units, with a convenient half bath on the main level and full bath upstairs. Currently, 7 units are occupied with 1 unit intentionally left vacant for showings, providing easy access for prospective buyers without disrupting tenant stability. Many units have been updated with new flooring, PEX plumbing, and updated appliances, offering a more modern feel while helping reduce ongoing maintenance. The property has been consistently cared for and presents a solid opportunity for investors seeking a stable, income-producing asset. Ideally located just minutes from East Tennessee State University (ETSU), Johnson City Medical Center, and the VA Hospital, this property benefits from steady rental demand. Tenants also enjoy convenient access to grocery stores, everyday essentials, and downtown Johnson City dining and entertainment. Highlights: 8 total units (2BR / 1.5BA townhome-style) 7 occupied, 1 vacant for showings Updates in many units: flooring, PEX plumbing, appliances Desirable layout with half bath on main level Strong rental location near major employers and amenities Consistent occupancy with investment upside Whether you're expanding your portfolio or entering the multifamily space, this property offers a balanced combination of stability, location, and long-term potential. Some of the information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accuracy. Buyer(s) must verify all information.
  Roof:Composition	true
  Sewer:Public Sewer	true
  Structure Type:Multi Family	true
  Style:Townhouse2	true
  TopographyLot Description:Level2	true
  TopographyLot Description:Sloped	true
  Unit 1:# Bathrooms5	1.0
  Unit 1:# Bedrooms3	2
  Unit 1:# Half Baths	2.0
  Unit 1:Monthly Rent	1100
  Unit 1:SqFt6	786
  Unit 2:# Bathrooms4	1.0
  Unit 2:# Bedrooms4	2
  Unit 2:# Half Baths2	2.0
  Unit 2:Monthly Rent2	1100
  Unit 2:SqFt5	786
  Unit 3:# Bathrooms3	1.0
  Unit 3:# Bedrooms5	2
  Unit 3:Half Baths	2.0
  Unit 3:Monthly Rent3	1100
  Unit 3:SqFt2	786
  Unit 4:# Bathrooms2	1.0
  Unit 4:# Bedrooms6	2
  Unit 4:Half Baths2	2.0
  Unit 4:Monthly Rent4	1100
  Unit 4:SqFt	786
  Walls:Drywall	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

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