Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9984195

Lot Acreage: 0.90000

Living Area: 0

Year Built:1978

Elementary School: Cherokee

Middle School: Liberty Bell

High School: Science Hill

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. 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:Heat Pump3: 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:Vinyl Siding: true

Flooring:Luxury Vinyl: true

Foundation:Block6: true

General Property Description:Acres: 0.9

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: R4

Heating:Heat Pump2: true

Levels:Two: 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:Satellite Dish: true

Parking Features:Asphalt2: 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. 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.

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: 1.0

Unit 1:Monthly Rent: 1100

Unit 1:SqFt6: 786

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 2

Unit 2:# Half Baths2: 1.0

Unit 2:Monthly Rent2: 1100

Unit 2:SqFt5: 786

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 2

Unit 3:Half Baths: 1.0

Unit 3:Monthly Rent3: 1100

Unit 3:SqFt2: 786

Unit 4:# Bathrooms2: 1.0

Unit 4:# Bedrooms6: 2

Unit 4:Half Baths2: 1.0

Unit 4:Monthly Rent4: 1100

Unit 4:SqFt: 786

Walls:Drywall: true

Water:Public: true