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Property profile

1315 Indian Ridge Rd Johnson City, TN 37604

OFF-MARKET
Apartment buildings
Property ID
US80-3547291
2.1 ac lot Built 2004
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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 Apartment buildings
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

Location

1315 Indian Ridge Rd Johnson City, TN 37604
Johnson City metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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