TN
Washington
Johnson City
37604
1412 Knob Creek Road
1412 Knob Creek Road, Johnson City, TN 37604
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Listing Type
Multi Family
Listing Status
Active
36
$1,600,000

Home Details for 1412 Knob Creek Road

Price
$1,600,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1965
Lot size acres
1.3
County
Washington
Garage
Days on site
0
MLS Listing#
9990357
Property Description

Passive income or owner operator! This portfolio consists of 8 units of multifamily being rented out at $1250 per month, two bed, one bath, in newly renovated units, as well as adjacent Commercial building with new roof and renovated exterior. The Old Norris Bicycle building, and adjacent quadplexes are being sold together ONLY! This is your opportunity to diversity your investments with a commercial piece, or put your business into a 4748 sq ft Commercial space all your own, and keep the apartments as rentals. Subdividing of apartments from new condos is underway, and will put the 8 units on approximately one acre of their own land, more or less, with large back yard area. Massive renovations have taken place, and apartments are being re-filled at this time, so see agent for newest and latest rent roll as apartments are completed. Gross income is based on only half of the units filled, as the final 4 are being finished up. Proforma gross income will be $114,000 per year. Lending would be based on proforma at this time. Units do have washer dryer hook up in each unit. Apartments have been completely renovated throughout the exterior, including siding, roof, plumbing, damaged walls, new kitchens, and brand new and beautiful decking. Location is prime, central to town, near shopping and schools, and will remain a conveniently located and beautiful corridor for years to come! Details available upon request from qualified buyers; all info to be verified by buyers/buyers agent.

Property Features
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
  • Parking
    • Asphalt
School Information
School Information for 1412 Knob Creek Road, Johnson City, TN 37604
Elementary School
Woodland Elementary
Middle School
Liberty Bell
High School
Science Hill
Listing Courtesy: REMAX Checkmate, Inc. Realtors - 423-282-0432
Presented by: Jay Goodson
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Tennessee Virginia Regional MLS. All Rights Reserved.
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Market statistics compiled from data from Tennessee Virginia Regional MLS.
EXIT REALTY TRI-CITIES
1604 Lamons Lane #201, Johnson City, TN 37604
Office
423 806 0400
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