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Lynnsey McCarter

lynnsey.mccarter@engelvoelkers.com +1(252) 412-7455

$ 3,060,000

Est. payment -/mo

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1400 Orleans St Johnson City, TN 37601

35,076 SqFt

UPDATED:

03/10/2025 07:01 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 35,076 sqft

Price per Sqft $87

Subdivision Orleans Terrace

MLS Listing ID 1292776

Originating Board East Tennessee REALTORS® MLS

Year Built 2006

Property Description

Located in Johnson City, TN, Orleans Terrace was built in 2006 and is comprised of 36 units. This affordable apartment community is 97% occupied and has a unit mix consisting of 1, 2, and 3 bedroom units. Community amenities include disability access, playground, and emergency maintenance. Each unit has washer / dryer hookups. Orleans Terrace is currently facing an average rental deficit of $200 per unit when compared to the maximum rent limits set by HUD.

This property is part of a 148 unit, three property LIHTC portfolio being sold in East Tennessee.

Location

State TN

County Washington County

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Central Cooling

Flooring Carpet, Tile

Heat Source Central

Exterior

Parking Features On Premise Parking

Garage Description On Premise Parking

Roof Type Shingle

Garage No

Building

Faces Turn left onto E Main St (TN-91). Go for 0.3 mi. Turn right onto Topeka St. Go for 0.2 mi. Turn right onto Orleans St. Go for 463 ft. Turn left. Go for 161 ft. Arrive at property.

Structure Type Brick

Others

Tax ID 047I J 015.00

Energy Description Other Fuel

Acceptable Financing New Loan, Cash, Conventional

Listing Terms New Loan, Cash, Conventional

Listed by SVN I Wood Properties

Lynnsey McCarter

+1(252) 412-7455

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