Property summary
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
VerifiedCap rate & NOI
Current use
-
Apartment Building
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight