346 Old Gray Station RdGray, TN 37615
- Apartment buildings
- 2.44 AC
Property Details for 346 Old Gray Station Rd
- Year built
- 2003
- Lot size
- 2.44 AC
- Property type
- Apartment buildings
Description
This exceptional 40-unit apartment building, known as Laurel Brook, presents a compelling investment opportunity in Johnson City, Tennessee. Located at 346 Old Gray Station Rd, 37615, this property boasts a desirable location within Washington County. Built in 2003 and situated on a spacious 2.44-acre lot, the complex is zoned R-3 A. The unit mix includes six 1-bedroom units without garages, fourteen 1-bedroom units with garages, eight 2-bedroom units without garages, and twelve larger 2-bedroom units without garages. The current owner has invested significantly in capital improvements, resulting in a well-maintained property ready for immediate income generation. While a detailed financial history (T12 or P&L) is not available, rent rolls will be provided to qualified buyers. This is one of four apartment complexes offered for sale by the same owner, presenting a unique opportunity for portfolio expansion. The asking price for this exceptional multifamily asset is $5,000,000.
Location Insight
- City
- Gray
- County
- Washington
- State
- Tennessee
- Latitude
- 36.4078
- Longitude
- -82.4617
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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