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Property profile & analytics
OFF-MARKET
Apartment buildings

6125 Kingsport Hwy Johnson City, TN 37615

1.25 ac lot Built 1998
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Village at Twin Hills Apartment Building
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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