Kingsport TN Multi Family for Sale
- 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!
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Kingsport Real Estate
The median home value in Kingsport, TN is $202,100. This is lower 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 $202,100. 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 37660 has a population of 55,019. Kingsport 37660 is less family-centric than the surrounding county with 25.12% 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 37660 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 37660 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.