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211 University Parkway

Johnson City, TN 37604
  • $5,250,000
  • STATUS: Active
  • ON SITE: 94 Days
  • MLS #: 9944966
$5,250,000
  • 6
    BEDS
  • 14.3
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,786
    SQFT
  • $907
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2005
County:

School Information

Elementary School:
Middle School:
High School:

Description

Fantastic Investment Opportunity- Maple Crest Independant Living consists of 16 Patio Homes, 5 Units with 1,737 sq.ft. & a two car garage, 11 Units with 1,559 sq.ft. & 1 car garage. Social Club House with 2,490 sq.ft which includes a large kitchen facility and open gathering areas. There is also an additional 9.18 acres of property that is on grade and ready to develop that adjoins the existing duplex's and club house. The additional property is currently Zoned R5 which will allow a maximum of 22 units per acre. This opportunity doesn't come along very often where you can have a wonderful rental income base while building out and selling additional patio homes or developing a multi-story structure.The demand for senior housing is at an all- time high. This property is conveniently located close to I-26, hospitals, grocery stores, drug stores, ETSU and it all comes with beautiful mountain views. ** New patio homes would pre- sell out very quickly. Please see the property survey, building footprints and aerial photos under Documents. The annual taxes for the remaining 8.2 acres : City $4,268.16 & County $5366.40

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© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-01-27T23:59:53.227.
www.highlandsrealtyinc.com/homes/134255431
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211 University Parkway Johnson City, TN 37604

  • Price: $5,250,000
  • Status: Active
  • On Site: 94 Days
  • MLS #: 9944966
6
Beds
6
Baths
0
½ Baths
14.3
Acres
5,786
SQFT
$907
$/SQFT
2005
Built
Neighborhood:
Not In Subdivision
County:
Washington
Elementary School:
South Side
Middle School:
Indian Trail
High School:
Science Hill
Property Description
Fantastic Investment Opportunity- Maple Crest Independant Living consists of 16 Patio Homes, 5 Units with 1,737 sq.ft. & a two car garage, 11 Units with 1,559 sq.ft. & 1 car garage. Social Club House with 2,490 sq.ft which includes a large kitchen facility and open gathering areas. There is also an additional 9.18 acres of property that is on grade and ready to develop that adjoins the existing duplex's and club house. The additional property is currently Zoned R5 which will allow a maximum of 22 units per acre. This opportunity doesn't come along very often where you can have a wonderful rental income base while building out and selling additional patio homes or developing a multi-story structure.The demand for senior housing is at an all- time high. This property is conveniently located close to I-26, hospitals, grocery stores, drug stores, ETSU and it all comes with beautiful mountain views. ** New patio homes would pre- sell out very quickly. Please see the property survey, building footprints and aerial photos under Documents. The annual taxes for the remaining 8.2 acres : City $4,268.16 & County $5366.40
Exterior Features

Exterior Features Other Exterior Finish Hardiplank TypeStone Fencing Back Yard Foundation Slab Lot Dimensions 721' X 625' IRR Parking Features AsphaltGarage Door Opener Porch Patio Deck Front PorchRear PatioRear Porch Roof Architect Shingle Style 1 StoryPatio Home Topography Lot Description LevelSee Remarks View Mountain Walls Drywall Window Features Insulated WindowsWindow Treatments

Interior Features

Ac Central Air Appliances DishwasherDisposalMicrowaveRangeRefrigerator Building1 Number Rooms 7 Building2 Number Rooms 6 Flooring CarpetCeramic TileLaminateLuxury VinylSee Remarks Heating CentralNatural GasSee Remarks Interior Features Eat-In KitchenEntrance FoyerOpen FloorplanSee RemarksSmoke Detector(S)Walk-In Closet(S) Laundry Features Gas Dryer Hookup Number Fireplaces 0 Other Rooms Breakfast

Property Features

Amenities ClubhouseLandscaping Auction No Building1 Number Units 5 Building2 Monthly Rent 0 Building2 Number Units 11 Building3 Number Units 1 Building4 Number Units 0 City Taxes 28273.04 County Taxes 35137.02 Easements Rec. Right Of Way Existing Finance None Expenses Include Lawn MaintTaxes Real EstateWater/Sewer Financing Other Foreclosure No Property Condition Above Average Property Sub Type Duplex Sewer Public Sewer Short Sale No Utilities Cable Available Water Public Zoning R5

Listing information © 2023 Tennessee/Virginia Regional MLS.
Listing provided courtesy of David Lefemine of Lefemine Commercial Properties Llc: (423) 913-3070.



© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-01-27T23:59:53.227.
 
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