1315 Indian Ridge Rd Johnson City, TN 37604

Property Details for 1315 Indian Ridge Rd

Year built

2004

Lot size

2.10 lot acres

Property type

Commercial real estate

Description

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.