$3,950,000
$50K PRICE DROP

80 Jones Rd Erwin, TN 37650

Estimated payment $22,166/month

Total Views 4,704
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 2.22 Acre Lot
  • Tile Flooring
  • Level Lot
  • No HOA
  • Central Heating and Cooling System

About This Home

Presenting Liberty Estates Apartments located at 80 Jones Road, Erwin, TN 37650. The property is located within 15 minutes of Downtown Johnson City and East Tennessee State University. This 45-unit multifamily property consists of eighteen 2 bed / 1.5 bath units, seventeen 1 bed / 1 bath units, nine 2 bed / 1 bath units, and one 3 bed / 2 bath unit. Fifteen units have washer / dryer hookups, while the remaining units have access to the on-sire laundry room. In addition, tenants pay all their utilities.

Listing Agent

Kevin Tipton

SVN, WOOD PROPERTIES License #275491 Listed on: 06/20/2025

SVN, WOOD PROPERTIES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,693

Year Built

  • Built in 1972

Lot Details

  • 2.22 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Flooring

  • Laminate
  • Tile
  • Vinyl

Schools

  • Love Chapel Elementary School
  • Unicoi Co Middle School
  • Unicoi Co High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 031g A 039.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,693

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Directions: S Main to left on Love St., right on Carolina Ave, right on Jones Rd, property approx. 1/4 mi on the right.
  • Prop. Type: Multi Family
  • Year Built: 1972
  • Property Sub Type: Multi Family
  • Architectural Style: Other
  • Reso Structure Type: Multi Family
  • Location Tax Legal Info Parcel ID: 031g A 039.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 2.22
  • General Property Description Zoning2: n/a
  • General Property Description Elementary School3: Love Chapel
  • General Property Description Middle School2: Unicoi Co
  • General Property Description High School3: Unicoi Co
  • General Property Description HOA YN: No
  • Water Public: Yes
  • General Property Description Lot Dimensions: n/a
  • AC Central Air: Yes
  • TopographyLot Description Level2: Yes
  • Flooring Tile2: Yes
  • Roof Shingle: Yes
  • Flooring Laminate: Yes
  • Flooring Vinyl: Yes
  • General Property Description Total Units: 45
  • Structure Type Multi Family: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Tile, Laminate

Exterior Features

  • Roof: Shingle
  • Acres: 2.22
  • Topography: Level
  • Construction Type: Brick
  • Exterior Finish Brick4: Yes

Garage/Parking

  • Parking Features: Concrete
  • Attached Garage: No
  • Parking Features:Concrete2: Yes

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Love Chapel
  • High School: Unicoi Co
  • Middle Or Junior School: Unicoi Co

Lot Info

  • Zoning: n/a
  • Lot Dimensions: n/a
  • Lot Size Sq Ft: 96703.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 031g A 039.00

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,693 $141,480 $22,000 $119,480
2023 $3,693 $141,480 $0 $0
2022 $5,520 $141,480 $22,000 $119,480
2021 $6,142 $130,240 $22,000 $108,240
2020 $5,920 $130,240 $22,000 $108,240
2019 $5,920 $130,240 $22,000 $108,240
2018 $5,399 $130,240 $22,000 $108,240
2017 $5,380 $130,240 $22,000 $108,240
2016 $5,510 $134,600 $21,960 $112,640
2015 $5,066 $134,600 $0 $0
2014 $5,066 $134,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/04/2025 07/04/25 Price Changed $3,950,000 -1.3% $126 / Sq Ft
06/20/2025 06/20/25 For Sale $4,000,000 0.0% $127 / Sq Ft
06/12/2025 06/12/25 Pending -- -- --
06/09/2025 06/09/25 For Sale $4,000,000 -- $127 / Sq Ft
Source: Tennessee/Virginia Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,600,000 Shults & Shults
Deed -- --
Deed -- --
Warranty Deed $605,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,950,000 Credit Line Revolving
Previous Owner $200,000 No Value Available
Previous Owner $80,000 No Value Available
Source: Public Records

Source: Tennessee/Virginia Regional MLS

MLS Number: 9981968

Tennessee/Virginia Regional MLS

APN: 031G-A-03900-000