Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Lease

Sub Type:

MLS Number: 9984194

Lot Acreage: 0.90000

Living Area: 6,272

Year Built:1978

Elementary School:

Middle School:

High School:

Public Remarks: Presenting 1419 Colony Park - a fully renovated 8-unit multifamily property located in the heart of Johnson City, TN. This stabilized asset offers a rare opportunity to acquire a low-maintenance, cash-flowing investment in one of East Tennessee's most desirable rental markets. Each units are 2 bed and 1.5 baths. The property has undergone extensive recent improvements, including a new roof, updated gutters, fresh exterior paint, and full plumbing upgrades to PEX in most units. Multiple units have been modernized with updated flooring, appliances, fixtures, and fresh interior finishes. Foundation stabilization, landscaping, and tree removal have also been completed, enhancing both structural integrity and curb appeal. Located just minutes from East Tennessee State University and Johnson City Medical Center, the property benefits from strong, consistent tenant demand from students, healthcare professionals, and long-term renters. Proximity to shopping, dining, and major employers adds to its desirability. Highlights: 8 fully rented units with upside in rent growth Major renovations completed—minimal deferred maintenance Strong tenant base and location-driven demand Less than 5 minutes to ETSU and Johnson City Medical Center Located in a high-demand rental corridor with long-term growth potential This is a plug-and-play investment opportunity ideal for both new and experienced multifamily investors looking for stable cash flow and long-term appreciation. Contact today for rent roll, financials, and private tour scheduling.

Listing Courtesy:True North Real Estate

More Listing Info:

AC:Other5: true

Business Type:Condo: true

Contract Info:Foreclosure: No

Development Status:Finished Lot(s): true

Electric Service:Other34: true

Exterior Finish:Vinyl Siding: true

General Property Description:Acres: 0.9

General Property Description:Annual Lease: 106000.0

General Property Description:HOA YN: No

General Property Description:Lease: Yes

General Property Description:Lot Size2: 158.14 X 249.34 IRR

General Property Description:Total SqFt Finished: 6272.0

General Property Description:Total SqFt Unfinished: 6272.0

General Property Description:Zoning2: R4

Heating:Other12: true

Info Available:Aerial: true

Location Tax Legal Info:City Taxes: 2781.86

Location Tax Legal Info:County Taxes: 3513.02

Location Tax Legal Info:Deed Book #: 1133

Location Tax Legal Info:Deed Page #: 2857

Other Equipment:Additional Building(s): true

Property Condition:Above Average: true

Remarks Misc:Directions3: Take I-81 to I-26 East toward Johnson City. Follow I-26 for about 20 miles, then take Exit 19 for State of Franklin Road. Turn left onto State of Franklin, then right onto Colony Park Drive. Continue straight to reach 1419 Colony Park Drive, located in a quiet residential neighborhood.

Remarks Misc:Public Remarks7: Presenting 1419 Colony Park - a fully renovated 8-unit multifamily property located in the heart of Johnson City, TN. This stabilized asset offers a rare opportunity to acquire a low-maintenance, cash-flowing investment in one of East Tennessee's most desirable rental markets. Each units are 2 bed and 1.5 baths. The property has undergone extensive recent improvements, including a new roof, updated gutters, fresh exterior paint, and full plumbing upgrades to PEX in most units. Multiple units have been modernized with updated flooring, appliances, fixtures, and fresh interior finishes. Foundation stabilization, landscaping, and tree removal have also been completed, enhancing both structural integrity and curb appeal. Located just minutes from East Tennessee State University and Johnson City Medical Center, the property benefits from strong, consistent tenant demand from students, healthcare professionals, and long-term renters. Proximity to shopping, dining, and major employers adds to its desirability. Highlights: 8 fully rented units with upside in rent growth Major renovations completed—minimal deferred maintenance Strong tenant base and location-driven demand Less than 5 minutes to ETSU and Johnson City Medical Center Located in a high-demand rental corridor with long-term growth potential This is a plug-and-play investment opportunity ideal for both new and experienced multifamily investors looking for stable cash flow and long-term appreciation. Contact today for rent roll, financials, and private tour scheduling.

Restrictions:Other37: true

Road Access:City Street: true

Roof:Composition: true

Sale Includes:Other38: true

Sewer:Public Sewer: true

Water:Public: true