Kingsport TN Multi Family for Sale
$1,200,000
105 Lemay Drive Kingsport, TN 37664
- Type:
- Other
- Sq.Ft.:
- 5,673
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.5 Acres
- Year built:
- 1977
- Baths:
- MLS#:
- 9973412
- Subdivision:
- E B Mays Add To Vermont
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Courtesy: Choice Realty
423-283-8560
ADDITIONAL INFORMATION
Welcome to this 12-unit apartment complex with all units being 1 bedroom, 1 bath. Ideally located in a thriving community with convenient access to local amenities, parks, and transportation. Just minutes from downtown Kingsport, Blountville, and Bristol, this property offers a prime location for residents. Most of all the units have been upgraded with modern finishes, including granite countertops in the kitchens and bathrooms, updated kitchen cabinets with ample storage and pantry space, and durable Luxury Vinyl Plank (LVP) flooring throughout. Additionally, the units feature fresh, new paint, giving each space a bright, inviting feel. New heating and cooling units, along with energy-efficient hot water heaters, ensure year-round comfort and cost-effective living. Recent exterior improvements include a new roof installed in November 2023, providing peace of mind and long-term protection from the elements. With a gross revenue of $8,500.00 and stable, long-term tenants, this property presents an excellent investment opportunity. Rents are still below market value, offering significant potential for future growth. This turn-key property, with most units upgraded and tenant stability in place, offers minimal maintenance and maximum profitability for investors seeking strong, consistent returns. Call me or your Agent for more information today.
- Type:
- Other
- Sq.Ft.:
- 3,286
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1935
- Baths:
- MLS#:
- 9972546
- Subdivision:
- East Highland Add
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Courtesy: Summit Properties
423-830-1133
ADDITIONAL INFORMATION
This unique offering includes a quadplex and an additional standalone house, providing a total of 5 income-producing units with an 8% cap rate. Recent updates by the owner include new windows, updated flooring, and mini-split units and more! This Conveniently located in Kingsport, close to shopping, restaurants, and other amenities, this property offers tenants easy access to everything they need. Whether you're looking to expand your portfolio or make your first investment, this is an excellent chance to own a property with strong rental potential in a growing area.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 9972460
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Courtesy: Century 21 Legacy Col Hgts
423-239-6112
ADDITIONAL INFORMATION
Welcome to a multifamily investment opportunity in the heart of downtown Kingsport, located in a Tax Opportunity Zone, providing valuable financial incentives for restoration and development! This partially renovated building offers three spacious residential lofts upstairs, an additional 2-bedroom, 1-bath unit downstairs, and a ground-floor retail space, giving you incredible flexibility for income generation and owner-occupier potential. With brand-new plumbing and electrical systems already installed, the heavy lifting has been done—now it's time to bring your creativity and finish the lofts and retail space to your specifications. Each loft features high ceilings and large windows, offering modern, open living spaces. The retail space provides excellent visibility and high foot traffic, making it ideal for leasing to a business or for personal use. The building comes with in-box appliances and fixtures ready for installation, offering you the freedom to customize and complete the interiors to your liking. Situated in a prime downtown Kingsport location, you'll be just steps from shops, restaurants, and cultural landmarks, enhancing the appeal for both residential tenants and retail clients. This is a rare chance to secure a mixed-use property with financial benefits from the Tax Opportunity Zone, at a price that will increase as work progresses. Whether you're looking for rental income, business potential, or a unique live-work space, this building offers limitless possibilities! Act now and transform this property into a top-tier investment!
- Type:
- Other
- Sq.Ft.:
- 9,600
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 10.6 Acres
- Year built:
- 1989
- Baths:
- MLS#:
- 9972406
- Subdivision:
- Not In Subdivision
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Courtesy: Southern Dwellings
423-343-4118
ADDITIONAL INFORMATION
Great investment opportunity with a huge amount of land zoned R3 for expansion! City water, sewer, schools and extensive road frontage. 3 adjacent parcels of land with frontage on Parkridge, Tilthammer and Manor Dr, (see attachment.) 8 total units fully rented, (2) 2 bed/2 bath, (2) 3 bed/2 bath, (4) 2 bed/1.5 bath. Each unit has its own power and water meter, owner pays landscape, pest and trash pickup. Extensive renovations done in 2022/2023. Roof 2015, Siding 6 years ago. Large yard area in the rear of the building, each unit has deck or patio. Plenty of parking in the front, 4 units have one-car garage.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 9964153
View additional info
Courtesy: Greater Impact Realty Jonesborough
423-973-8634
ADDITIONAL INFORMATION
Calling all investors!! This 12 Bedroom 11 bath multi family home is exactly what you're looking for! This property is close to East Stone Drive and Dobyns-Bennett High School! Property needs some TLC but still cash flows, and can cash flow even more if fixed up. This building is 11 units bringing in $6,700 a month or $80,400 annually! Owner pays utilities, no HOA or CAM fees. This would be a perfect addition to your investment portfolio, schedule a showing today!
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Kingsport Real Estate
The median home value in Kingsport, TN is $269,900. This is higher than the county median home value of $214,200. The national median home value is $338,100. The average price of homes sold in Kingsport, TN is $269,900. Approximately 54.92% of Kingsport homes are owned, compared to 34.52% rented, while 10.56% are vacant. Kingsport real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Kingsport real estate agent to arrange a tour today!
Kingsport, Tennessee has a population of 55,019. Kingsport is less family-centric than the surrounding county with 22.66% of the households containing married families with children. The county average for households married with children is 25.58%.
The median household income in Kingsport, Tennessee is $43,025. The median household income for the surrounding county is $49,661 compared to the national median of $69,021. The median age of people living in Kingsport is 45.2 years.
Kingsport Weather
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 25.4 degrees. The average rainfall is approximately 43.9 inches per year, with 9.4 inches of snow per year.