346 Old Gray Station Rd Gray, TN 37615

This exceptional 40-unit apartment building, known as Laurel Brook, presents a compelling investment opportunity in Johnson City, Tennessee. Located at 346 Old Gray Station Rd, 37615, this property boasts a desirable location within Washington County. Built in 2003 and situated on a spacious 2.44-acre lot, the complex is zoned R-3 A. The unit mix includes six 1-bedroom units without garages, fourteen 1-bedroom units with garages, eight 2-bedroom units without garages, and twelve larger 2-bedroom units without garages. The current owner has invested significantly in capital improvements, resulting in a well-maintained property ready for immediate income generation. While a detailed financial history (T12 or P&L) is not available, rent rolls will be provided to qualified buyers. This is one of four apartment complexes offered for sale by the same owner, presenting a unique opportunity for portfolio expansion. The asking price for this exceptional multifamily asset is $5,000,000.