$1,300,000

1419 Colony Park Drive, Johnson City, TN 37604

  • 3,144 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon0.9acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $413/sqft
  • Property List Date Icon Listed 4 months ago

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 town home 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.

Listing Status:
Active
Date Added:
August 7, 2025 at 05:00AM
Listing Office:
True North Real Estate : 423-210-4155
Listing Agent:
Matthew McCrory : 423-557-7839
MLS ID:
9984195
  • Appliances: DishwasherRangeRefrigerator
  • Flooring: Luxury Vinyl
  • A/C: Heat Pump
  • Heating: Heat Pump
  • General: Balcony
  • Style: Townhouse
  • Parking: Asphalt
  • Roofing: Composition
  • General: Vinyl SidingTwoBlock
  • Originating MLS: Tennessee/Virginia Regional MLS
  • County: Washington
  • Zoning: R4062a A 015.03
  • Water: Public
  • Sewer: Public Sewer
  • Source: Tennessee/Virginia Regional MLS

This listing courtesy of Matthew McCrory, True North Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cherokee Elementary School

2100 Cherokee Rd, Johnson City, TN, 37604

Grades PK-4

0.73 miles away

L

Liberty Bell Middle School

718 Morningside Dr, Johnson City, TN, 37604

Grades 7-8

2.31 miles away

S

Science Hill High School

1509 John Exum Pkwy, Johnson City, TN, 37604

Grades 9-12

2.61 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.