30 Unit Meticulously maintained apartments in the heart of Johnson City.
All brick 1 bedroom 1 bath 3-unit complex with high potential for rent increases.
Same owner since 2015. The owner has done a lot of capital improvements & prides himself in maintaining a very good product. These units are ready for a new investor to take over & start making money. Owner not providing T12 or P&L. Seller has a total of 4 apartment complexes for sale.
Sold for $2,880,000 on 03/24/25
$2,880,000
1315 Indian Ridge Rd, Johnson City, TN 37604
30beds
30baths
--sqft
Multi Family
Built in 2004
-- sqft lot
$-- Zestimate®
$--/sqft
$1,507 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,507/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 27, 2025 at 06:30am
Listed by:
Jonathan Forester 423-677-8095,
The Brokers Realty & Auction
Bought with:
Jonathan Forester, 317675
The Brokers Realty & Auction
Source: TVRMLS,MLS#: 9973011
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
- Bathrooms: 30
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Range, Refrigerator
Features
- Flooring: Carpet
Interior area
- Total structure area: 0
Property
Lot
- Size: 2.10 Acres
- Dimensions: 334 x 283
- Topography: Rolling Slope
Details
- Parcel number: 054a A 001.00
- Zoning: R 5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Multi Family
Materials
- Brick
- Roof: Composition,Shingle
Condition
- Average
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Johnson City
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2025 | Sold | $2,880,000-17.7% |
Source: TVRMLS #9973011 | ||
| 11/30/2024 | Pending sale | $3,500,000 |
Source: TVRMLS #9973011 | ||
| 11/1/2024 | Listed for sale | $3,500,000+158.3% |
Source: TVRMLS #9973011 | ||
| 10/3/2005 | Sold | $1,355,000+1532.5% |
Source: Public Record | ||
| 6/3/2003 | Sold | $83,000-21% |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $24,377 +38.4% | $795,560 +86.5% |
| 2023 | $17,614 +6.4% | $426,480 |
| 2022 | $16,547 | $426,480 |
Find assessor info on the county website
Neighborhood: 37604
Nearby schools
GreatSchools rating
- 9/10Woodland Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 8/10Liberty Bell Middle SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Science Hill High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Woodland Elementary
- Middle: Liberty Bell
- High: Science Hill
Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.