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6125 Kingsport Highway, Johnson City, TN 37615 - $3,400,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Multi Family MLS Number: 9973013
Living Area: 0 Lot Acreage: 1 Year Built: 1996
Elementary School: Boones Creek Middle School: Boones Creek High School: Daniel Boone
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.
Listing Status
Active
  • More Listing Info
    AC:Central Airtrue
    Appliances:Electric Rangetrue
    Appliances:Refrigeratortrue
    Contract Info:ForeclosureNo
    Easements:See Remarks18true
    Exterior Finish:Brick4true
    Exterior Finish:Wood Sidingtrue
    Flooring:Carpettrue
    General Property Description:Acres1.25
    General Property Description:Elementary School3Boones Creek
    General Property Description:High School3Daniel Boone
    General Property Description:HOA YNNo
    General Property Description:Lot Dimensions1.25
    General Property Description:Middle School2Boones Creek
    General Property Description:Total Units26
    General Property Description:Zoning2PRD 1
    Heating:Centraltrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes3619.74
    Location Tax Legal Info:Deed Book #863
    Location Tax Legal Info:Deed Page #421
    Location Tax Legal Info:Lot #129
    Parking Features:Asphalt2true
    Property Condition:Averagetrue
    Remarks Misc:Directions3From I-26 take exit 20 to N Roan St and go seven miles. Property on left.
    Remarks Misc:Public Remarks226-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.
    Roof:Compositiontrue
    Roof:Shingletrue
    Structure Type:Multi Familytrue
    Style:See Remarks40true
    TopographyLot Description:Rolling Slopetrue
    Unit 1:# Bathrooms58.0
    Unit 1:# Bedrooms38
    Unit 1:# Half Baths8.0
    Unit 1:# Units8
    Unit 2:# Bathrooms410.0
    Unit 2:# Bedrooms410
    Unit 2:# Half Baths210.0
    Unit 2:# Units210
    Unit 3:# Bathrooms36.0
    Unit 3:# Bedrooms56
    Unit 3:# Units36
    Unit 3:Half Baths6.0
    Unit 4:# Bathrooms22.0
    Unit 4:# Bedrooms64
    Unit 4:# Units42
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
The Brokers Realty & Auction
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