1419 Colony Park DR Active Save Request In-Person Tour Request Virtual Tour
Johnson City,TN 37604
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,144 sqft
Price per Sqft $413
MLS Listing ID 9984195
Style Townhouse
Year Built 1978
Lot Size 0.900 Acres
Property Sub-Type Multi Family
Property Description
Presenting 1419 Colony Park - a fully renovated 8-unit multifamily property located in the heart of Johnson City, TN. This stabilized asset offers a rare opportunity to acquire a low-maintenance, cash-flowing investment in one of East Tennessee's most desirable rental markets.
The property has undergone extensive recent improvements, including a new roof, updated gutters, fresh exterior paint, and full plumbing upgrades to PEX in most units. Multiple units have been modernized with updated flooring, appliances, fixtures, and fresh interior finishes. Foundation stabilization, landscaping, and tree removal have also been completed, enhancing both structural integrity and curb appeal.
Located just minutes from East Tennessee State University and Johnson City Medical Center, the property benefits from strong, consistent tenant demand from students, healthcare professionals, and long-term renters. Proximity to shopping, dining, and major employers adds to its desirability.
Highlights:
8 fully rented units with upside in rent growth
Major renovations completed—minimal deferred maintenance
Strong tenant base and location-driven demand
Less than 5 minutes to ETSU and Johnson City Medical Center
Located in a high-demand rental corridor with long-term growth potential
This is a plug-and-play investment opportunity ideal for both new and experienced multifamily investors looking for stable cash flow and long-term appreciation.
Contact today for rent roll, financials, and private tour scheduling.
Location
State TN
County Washington
Area 0.9
Zoning R4
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Luxury Vinyl
Equipment Satellite Dish
Exterior
Exterior Feature Balcony
Parking Features Asphalt
Roof Type Composition
Building
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Cherokee
Middle Schools Liberty Bell
High Schools Science Hill