Sold
Last Sold Price
6 beds3,130 sqft$88/sqft
1235-123 Indian Ridge Rd, Unit 6, Johnson City, TN 37604
Multi FamilyProperty Type
1973Year Built
$88/sq ftPrice per sq ft

Description

1235, 1237, 1239 Indian Ridge Rd. Great investment property! 3-separate buildings being sold as a whole. New owner could sell separate. 6-units total 2-per building. Each unit is 2BR apartment. Currently 100% occupied with leases. Owner responsible for Insurance, taxes, water and sewer. Currently listed at 11.40% gross cap rate. Laundry for all tenants located in building 2. Buyer's agent to verify all information and square footage. Information obtained from tax records and seller.1235, 1237, 1239 Indian Ridge Rd. Great investment property! 3-separate buildings being sold as a whole. New owner could sell separate. 6-units total 2-per building. Each unit is 2BR apartment. Currently 100% occupied with leases. Owner responsible for Insurance, taxes, water and sewer. Currently listed at 11.40% gross cap rate. Laundry for all tenants located in building 2. Buyer's agent to verify all information and square footage. Information obtained from tax records and seller.
  • Listed by: Mark Dishman II • Crye-Leike Realtors
Listing closed: 03/07/2008 12:00 AM • Source: Tennessee Virginia Regional MLS, MLS#: 253041

Recent comparable sales

Median sold price

$320,000

Avg days on market

50

Sale-to-list ratio

93.3%

Johnson City, TN

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Location

Listing Courtesy of Crye-Leike Realtors, Mark Dishman II (423.737.0001)

Sold By Crye-Leike Realtors, Mark Dishman II (423.737.0001)

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Property Information for 1235-123 Indian Ridge Road, Unit 6

Property Details
  • Taxes: $3,529 / year
  • MLS Type: Multi-Family / Multi-Family
  • Architectural Style: 2 Story, Duplex
  • Zoning: 2 Multi to 4
Building Information
  • Stories: 2
  • Year Built: 1973
Summary
Location and General Information
  • City: Johnson City
  • County: Washington
  • Directions: From I-26, exit 19 State of Franklin Rd. go south to 11-E. Left on 11-E approx. 2miles turn left on Indian Ridge 1/4 mile on right.
  • Latitude: 36.32
  • Longitude: -82.38
  • Postal Code: 37604
  • State Or Province: TN
  • MLS Area Major: 301 - NW Johnson City
  • MLS Area Minor: 301 - NW Johnson City
  • General Property Description : Zoning: 2 Multi to 4
Taxes and HOA Information
  • Parcel Number: 003.02 & 003.00 & 003.01
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: R461&65
  • Location Tax Legal Info : Deed Page: 1441
  • Location Tax Legal Info : City Taxes: $1,733.14
  • Location Tax Legal Info : County Taxes: $1,796.00
School Information
  • High School: Science Hill
  • Middle Or Junior School: Indian Trail
  • Elementary School: Woodland Elementary
Parking
  • Attached Garage: No
Property
Lot Information
  • Lot Size Dimensions: 77x160 & 77x160 & 77x165
  • Lot Size Square Feet: .00
  • Lot Size Acres: 0.0
  • Lot Features: Rolling Slope
  • Lot Size Area: .00
  • General Property Description : Acres: .00
Property and Assessments
  • Property Condition: Average
  • Property Type: Multi-Family
  • Year Built: 1973
  • Property Sub Type: Multi-Family
  • Property Type Label: Multi-Family
  • New Construction: No
Utilities
  • Utilities: Cable Available, Cable Connected
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: Wall Unit(s), Window Unit(s)
  • Foundation Details: Block
  • Interior Features: Kitchen/Dining Combo
  • Bathrooms Total Decimal: .00
  • Basement: Block
  • Flooring: Vinyl, Carpet
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • General Property Description : Stories: 2
  • Appliances: Electric Range, Refrigerator
Exterior Features
  • Construction Materials: Brick, Wood Siding
  • Parking Features: Asphalt, Parking Spaces
  • Patio And Porch Features: Deck, Wrap Around
  • Roof: Composition, Wood
  • Heating : Heat Pump: Baseboard
  • Walls : Drywall: Yes
  • Roof : Wood: Yes
  • Exterior Finish : Brick: Yes
Multi Family
Multi-Family Information
  • General Property Description : # of Units: 6.00
  • Location Tax Legal Info : Unit #: 6
Income & Expenses Information
  • Income and Expenses : Gross Annual Income: 34200
  • Income and Expenses : Vacancy Rate: 3
  • Operating Expense Includes: Taxes Real Estate, Water/Sewer
Unit 1
  • Unit 1 : # Units: 2
  • Unit 1 : # Bathrooms: 1.0
  • Unit 1 : # Bedrooms: 2
  • Unit 1 : # Rooms: 8
  • Unit 1 : SqFt: 988
  • Unit 1 : Monthly Rent: 950
Unit 2
  • Unit 2 : # Units: 2
  • Unit 2 : # Rooms: 8
  • Unit 2 : # Bedrooms: 2
  • Unit 2 : # Bathrooms: 1.00
  • Unit 2 : SqFt: 1071
  • Unit 2 : Monthly Rent: 950
Unit 3
  • Unit 3 : # Units: 2
  • Unit 3 : # Rooms: 8
  • Unit 3 : # Bedrooms: 2
  • Unit 3 : # Bathrooms: 1.0
  • Unit 3 : SqFt: 1071
  • Unit 3 : Monthly Rent: 950

Property History for 1235-123 Indian Ridge Road, Unit 6

DateEvent & SourcePriceAppreciation
Mar 7, 2008

Closed

Tennessee Virginia Regional MLS #253041

$274,500
Mar 5, 2008

Contract - Not Showing

Tennessee Virginia Regional MLS #253041

Jan 31, 2008

Price Change

Tennessee Virginia Regional MLS #253041

$298,900
DateEvent & SourcePrice
03/07/2008

Closed

Tennessee Virginia Regional MLS #253041

$274,500
03/05/2008

Contract - Not Showing

Tennessee Virginia Regional MLS #253041

01/31/2008

Price Change

Tennessee Virginia Regional MLS #253041

$298,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1235-123 Indian Ridge Road, Unit 6

This home is within Johnson City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 12
Rating
School
Distance
Woodland Elementary School
PublicPK to 5

Liberty Bell Middle School
Public6 to 8

Science Hill High School
Public9 to 12

Johnson City Virtual Academy
Public5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crye-Leike Realtors, Mark Dishman II (423.737.0001)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 10/02/2023 07:27 PM