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1419 Colony Park Drive, Johnson City, TN 37604
Property Facts
Property Type: Multi Family
Sub Type: Multi Family
Status: Active
Year Built: 1978
Lot Dimensions: 158.14 X 249.34 IRR
City Taxes: $2,831.99
County Taxes: $3,513.02
Elementary School: Cherokee
Middle School: Liberty Bell
High School: Science Hill
Description
8-Unit Multifamily Investment Opportunity Now available--well-maintained 8-unit townhome-style complex in a prime Johnson City location offering strong occupancy and immediate income potential. The property features eight 2-bedroom, 1.5-bath units, with a convenient half bath on the main level and full bath upstairs. Currently, 7 units are occupied with 1 unit intentionally left vacant for showings, providing easy access for prospective buyers without disrupting tenant stability. Many units have been updated with new flooring, PEX plumbing, and updated appliances, offering a more modern feel while helping reduce ongoing maintenance. The property has been consistently cared for and presents a solid opportunity for investors seeking a stable, income-producing asset. Ideally located just minutes from East Tennessee State University (ETSU), Johnson City Medical Center, and the VA Hospital, this property benefits from steady rental demand. Tenants also enjoy convenient access to grocery stores, everyday essentials, and downtown Johnson City dining and entertainment. Highlights: 8 total units (2BR / 1.5BA townhome-style) 7 occupied, 1 vacant for showings Updates in many units: flooring, PEX plumbing, appliances Desirable layout with half bath on main level Strong rental location near major employers and amenities Consistent occupancy with investment upside Whether you're expanding your portfolio or entering the multifamily space, this property offers a balanced combination of stability, location, and long-term potential. Some of the information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accuracy. Buyer(s) must verify all information.
Features & Amenities
- Asphalt
- Average Condition
- Balcony
- Block Foundation
- Composition Roof
- Dishwasher
- Drywall Walls
- Heat Pump
- Landscaping
- Laundry
- Lawn Maint
- Level Lot
- Luxury Vinyl Flooring
- Property Management
- Public Sewer
- Public Water
- Range
- Refrigerator
- Repairs and Maint
- Satellite Dish
- Sloped Lot
- Townhouse
- Two-Level
- Water/Sewer
- Wood Siding Exterior
Listing Courtesy
Greater Impact Realty Jonesborough