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Newest Tennessee Homes for Sale

$189,999
2 Beds 2 Baths 1247290 MLS
Picture this: Limestone, 1984. A home built by hand and lovingly brought to life one piece at a time. Almost 4 decades of life, love, and laughter in this home. Floors, walls, and paint worn down by the shuffle of feet, hands, and moving bodies over the years. She's gonna need a spa day to feel fresh and beautiful again, but her bones are solid. The interior is original 1980s and definitely got a good run out of what was installed...now it's your turn to add an updated touch. The living room appears long enough that one could carve out a third upstairs bedroom if they desired to! A 14x40 deck spans the upstairs as you exit through the kitchen, giving a gorgeous view of the large back yard creek. A slight scent of old tobacco lingers in the air, spiced by a bit of current dog scent (big sweet dog living on premises). Oh, the stories this home could tell!! All kitchen appliances remain, as do the stackable W/D, so that you can immediately move in and plot your remodel while still being able to cook, eat, and get clean. 1120 sq ft of sweat equity on the main level can only be matched by ANOTHER 1120 sq ft of basement awaiting your gentle (or not-so gentle) touch. With a single car garage at the base of the stairs (she needs a face) accessible from the back yard and a roughed-in bathroom with commode and sink, the basement could be divided up into another living space very easily as there is ingress/egress out the door in the back PLUS windows. This big beauty can easily have a master suite down below where you can walk out the door into your backyard and drop a line into the creek, or just sit a spell on a bench and listen to birds. Trees tower above, providing filtered sunlight and some shade. A graveled drive hides below the fallen leaves and makes a nice big U shape around the front and sides for easy access and parking spaces. This home may have some dings and dents, but it is solid and will heal up nicely with a loving touch. 24 HR notice required for showings, please.

3090 Old State Route 34, Limestone

$8,320,000
1238192 MLS
Introducing Park Place Apartments, an apartment community comprising 64 units nestled in Johnson City, Tennessee. Positioned within the dynamic Tri-Cities area, this complex enjoys a strategic location in close proximity to downtown Johnson City, East Tennessee State University, as well as sought-after employment hubs and retail hubs. Originally established with rent restrictions under the LIHTC program, the transition of Park Place to Market Rate apartments commenced on May 24th, 2023. This evolution presents a compelling opportunity to acquire a premium asset with minimal outstanding maintenance requirements. New ownership can build upon the established value-add initiative in place, pursue market-aligned rent adjustments on average of $517 a crossed all unit types, and unlock further potential for enhanced returns. Current ownership has transitioned 36% of the property to market rate in less than 7 months since transitioning to Market Rate.Park Place Apartments is a multifamily property located at 1319 Bell Ridge Rd in Johnson City, TN. The complex is situated on top of Cherry Hill and is easily accessible from Legion Street. Built in 2001, the property features 64 units, consisting of 2, 3, and 4 bedroom units, all equipped with washer and dryer hookups. The galley kitchens in each unit are fully-equipped with a refrigerator, dishwasher, range/oven, and a dining area overlooking the living space. The master bedroom has an attached bathroom. LIHTC requirements required an onsite laundry room even with laundry hook ups in every unit. New ownership will have the opportunity to convert this space into something more functional and attractive for residents like a fitness or media center.Current ownership has invested over $649,300 in capital expenditures, which includes upgrades and improvements to the property. Overall, Park Place Apartments offers comfortable and spacious living with convenient amenities and easy access to local attractions.Highlights and Updates:-Current ownership is aggressively pushing the property to market-rate rents-Currently 10 vacant; with 7 of these already pre-leased at market rate-23 units / 36% of the property to have been converted to market-rate in the first 7 months of being out of QC-The next owners will not have an issue keeping up with this momentum, and will not have to underwrite for 2 more years at LIHTC rates.

1319 Bell Ridge Road Rd, Johnson City

$4,700,000
3 Beds 3 Baths 1229674 MLS
New Offering! Additional 16.5 acres for a total of 94+ acres and 500 more feet of river frontage now included at the current price! Cross Creek Ranch. An exquisite privately owned mountain estate ranch with over 94+ acres that will exceed every expectation! Nestled in the foothills of the beautiful Appalachian Mountains in the upper corner of Northeast Tennessee lies a horse lover's paradise that represents the heart and soul of the area's equestrian community. Unrivaled in its scope, unspoiled natural beauty and storied past, this gated landmark property outlined by the rushing Doe Creek includes 3 homes. The spacious 4,100 sq ft custom hand-hewn cedar log home serves as the main home and affords rustic elegance with a massive stone fireplace and quality finishes throughout. A true wrap-around porch allows you to absorb the sweeping mountain and pastoral views. Swing on the front porch or relax in the private outdoor hot tub. The custom cedar log 2BR guest cottage and 1BR chalet are both tucked away in the woods for complete privacy. The acreage is well suited for adding additional cabins along with multiple stunning homesites to build your dream home. For the equine enthusiast there is a state-of-the art 4-stall stable with padded floors, tack room, office, lounge, hay loft, wash rack, riding arena, rolling, fenced pasture and 5 miles of well established, wooded mountain riding trails to enjoy the outdoors. The 60x30 detached garage will accommodate all of your favorite collectible cars, tractors, ATVs, RVs, boats, etc. Bordered by Doe Mountain Recreation Area with over 8,600 acres of rugged mountain wilderness there is a natural privacy buffer. The 5 mile trail system on property provides year round accessibility for the homes and all of the amenities. Perfect for outdoor enthusiasts with ATV, horseback riding and hiking trails; fishing pond with a waterfall; an abundance of woods for hunting; a fire pit gathering area; playground and treehouse for children, etc. As an investment opportunity Cross Creek Ranch would serve as an amazing Equestrian B&B (Bed & Barn) or an inviting Bed and Breakfast, an event venue for weddings, corporate retreats, family reunions, a healing camp, or just a private residence where you can enjoy the peace of owning your own slice of heaven. Don't miss your opportunity to see all the recent improvements! A great centralized location in the quaint town of Mountain City near Watauga Lake, ski resorts in Boone, NC, bike trails and the arts in Abingdon, VA, and Bristol, TN, the birthplace of country music. The epitome of Farm and Ranch living in Tennessee!

151 Jordan Lane, Mountain City

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