Technical
Financial
Distress signals
Property profile

6125 Kingsport Hwy Johnson City, TN 37615

OFF-MARKET
Apartment buildings
1.25 ac lot Built 1998
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Property summary

AI-generated overview

This meticulously maintained 26-unit apartment complex presents a compelling investment opportunity. Located in Gray, TN, with a Johnson City address, this property boasts 24 one-bedroom, 1.5-bathroom units, each featuring a drive-under garage. Additionally, a two-bedroom duplex with drive-under garages is included. The complex sits on 1.25 acres (buyer to verify) and comprises four units across four parcels, offering significant potential for rental income growth. Constructed in 1998, the property has benefited from substantial capital improvements under the same ownership since 2015. The current owner has prioritized maintaining a high-quality product, resulting in a complex ready for immediate income generation. The property is zoned PRD 1. While the seller is not providing financial statements, this turnkey investment is ideal for an investor seeking a well-maintained, multi-unit property with upside potential. Note that the seller owns three additional apartment complexes currently for sale.

Property profile

Verified
Property type Apartment buildings
Year built 1998
Lot 1.25 ac (54,450 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building

Location

6125 Kingsport Hwy Johnson City, TN 37615
Johnson City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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