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Property profile & analytics
OFF-MARKET
Commercial real estate

1315 Indian Ridge Rd Johnson City, TN 37604

2.1 ac lot Built 2004
Property ID
US80-3547291
Property summary
AI-generated overview

This exceptional 30-unit apartment building in Johnson City, Tennessee, presents a compelling investment opportunity. Located at 1315 Indian Ridge Rd, 37604, this meticulously maintained property boasts three all-brick buildings constructed in 2004. Each unit features one bedroom and one bathroom. The property sits on a 2.1-acre lot and is zoned R-5, offering potential for future development or expansion. Under the same ownership since 2015, the complex has benefited from significant capital improvements, ensuring a high-quality product for potential renters. The property's prime location in the heart of Johnson City promises strong rental demand and potential for rent increases. While the seller is not providing a trailing twelve-month financial statement or profit and loss statement, this turnkey investment is ready for a new owner to capitalize on its inherent value. Note that the seller owns three additional apartment complexes also available for purchase. This is a rare opportunity to acquire a well-maintained, established multifamily property in a thriving Tennessee market.

Property profile
Verified
Property type Commercial real estate
Year built 2004
Lot 2.1 ac (91,476 SF)
UPID US80-3547291
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
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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