211 University Parkway

Johnson City, Tennessee

$5,250,000 | 2 Baths | $907.36$/Sqft | 14.3 Acres | 159 DOM

About This Property

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

Essential Information

MLS® #9944966
Price$5,250,000
Bathrooms2.00
Square Footage finished5,786
Acres14.30
Year Built2005
TypeMulti-Family
Sub-TypeDuplex
Style1 Story, Patio Home
StatusContingent - Show

Community Information

Address211 University Parkway
SubdivisionNot In Subdivision
CountyWashington
StateTennessee
Zip Code37604

Amenities

AmenitiesLandscaping
UtilitiesCable Available
ParkingAsphalt, Garage Door Opener
ViewMountain
Is WaterfrontN
Has PoolY

Interior

Has BasementN
FireplaceY

Interior Features

Eat-in Kitchen, Entrance Foyer, Open Floorplan, Smoke Detector(s), See Remarks, Walk-In Closet(s)

Heating

Central, Natural Gas, See Remarks

Exterior

ExteriorHardiPlank Type, Stone
Exterior FeaturesOther
Lot DescriptionLevel, See Remarks
RoofShingle
ConstructionSite Built
FoundationSlab

Windows

Insulated Windows, Window Treatments

School Information

ElementarySouth Side
MiddleIndian Trail
HighScience Hill

Additional Information

Date ListedOctober 25th, 2022
Days on Website158 days
ZoningR5
ForeclosureN
Short SaleN
HOA Fees0.00

Listing Details

AgentDavid Lefemine

Listing Courtesy of

LEFEMINE COMMERCIAL PROPERTIES LLC

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Copyright 2023 Tennessee Virginia Regional MLS®. All rights reserved.

Information herein deemed reliable but not guaranteed April 2nd, 2023 at 7:15am

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