For Sale
$3,400,000

6125 Kingsport HwyJohnson City, TN 37615

26-Unit Apartment Building, Johnson City, TN

Overview

Added:
Dec 11, 2024
Days on market:
113
This meticulously maintained 26-unit apartment complex presents a compelling investment opportunity. Located in Gray, TN, with a Johnson City address, this property boasts 24 one-bedroom, 1.5-bathroom units, each featuring a drive-under garage. Additionally, a two-bedroom duplex with drive-under garages is included. The complex sits on 1.25 acres (buyer to verify) and comprises four units across four parcels, offering significant potential for rental income growth. Constructed in 1998, the property has benefited from substantial capital improvements under the same ownership since 2015. The current owner has prioritized maintaining a high-quality product, resulting in a complex ready for immediate income generation. The property is zoned PRD 1. While the seller is not providing financial statements, this turnkey investment is ideal for an investor seeking a well-maintained, multi-unit property with upside potential. Note that the seller owns three additional apartment complexes currently for sale.

Highlights

  • 26-unit apartment complex in Gray, TN (Johnson City address).
  • 24 one-bedroom, 1.5-bath units and one two-bedroom duplex, all with drive-under garages.
  • Situated on approximately 1.25 acres (buyer to verify), comprised of four parcels.
  • Well-maintained property with significant capital improvements since 2015 under the same ownership.
  • PRD-1 zoning. Seller owns three additional apartment complexes currently for sale.

Property Details for 6125 Kingsport Hwy

Property type
Apartment buildings
Year Built
1998
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Johnson City
County
Washington
State
Tennessee
Latitude
36.4239924
Longitude
-82.4417399
6125 Kingsport Hwy, Johnson City, Tennessee

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6125 Kingsport Hwy
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