6125 Kingsport Hwy Johnson City, TN 37615
- Apartment buildings
- 1.25 lot acres
Current Use by Public Records
- The Village at Twin Hills / Apartment Building
Property Details for 6125 Kingsport Hwy
- Year built
- 1998
- Lot size
- 1.25 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.4417
- Latitude
- 36.424
