Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9994608

Lot Acreage: 0.00000

Living Area: 0

Year Built:1978

Elementary School: Cherokee

Middle School: Liberty Bell

High School: Science Hill

Public Remarks: 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.

Listing Courtesy:Greater Impact Realty Jonesborough

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