Property Description

Listing Status

• 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
  Videos:	(none)
  Virtual Tours:	(none)

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