About 1419 Colony Park Drive
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. Each units are 2 bed and 1.5 baths.
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.
