4006 Memorial BLVD, Kingsport, TN 37664
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4006 Memorial BLVD, Kingsport, TN 37664
4006 Memorial BLVD, Kingsport, TN 37664
4006 Memorial BLVD, Kingsport, TN 37664
4006 Memorial BLVD, Kingsport, TN 37664
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4006 Memorial BLVD Kingsport, TN 37664

4,045 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,045 sqft

Price per Sqft $105

Subdivision Not In Subdivision

MLS Listing ID 9995031

Style Ranch

HOA Y/N No

Year Built 1947

Lot Size 1.280 Acres

Acres 1.28

Lot Dimensions 233M X 282M IRR & 75 X 150 IRR

Property Sub-Type Multi Family

Source Tennessee/Virginia Regional MLS

Property Description

This investment property--including two buildings and seven units--offers immediate rental income. At full capacity, this property provides an 8.7% cap rate and enough land to further develop and add more units for additional future income. With the TDOT road improvements on Hwy 126, the approximate boundary lines already show the new property borders which will change the traffic patterns for the better after the road modifications.
Between an unfinished basement and a garage workshop, you'll also have plenty of storage space on site for anything needed for property management.
Features to note include a 2yr old metal roof on Building 2, a 5yr old metal roof on Building 1, some plumbing and electrical updates, remodeling in process in 2 vacant units, and current tenants with good rental history.
Whether you're already an investor or just stepping into the rental market, this property offers the unique position for established income with growth potential for more.

Sale includes both parcels 062C E 017.00 and 062C E 018.00. Buyer(s)/buyer(s) agents to verify all information.

Location

State TN

County Sullivan

Community Not In Subdivision

Area 1.28

Zoning R 4

Direction From the intersection of Hwy 93/John B Dennis Hwy and Hwy 126/Memorial Blvd, travel .6 miles east towards Cooks Valley. Apartments will be on your left, adjacent to Amy Avenue.

Rooms

Basement Block, Concrete, Exterior Entry

Interior

Heating Heat Pump, Space Heater, Wall Furnace, See Remarks

Cooling Ceiling Fan(s), Heat Pump, Window Unit(s)

Flooring Vinyl, Tile, Luxury Vinyl, Hardwood, Laminate

Appliance Electric Range, Refrigerator

Heat Source Heat Pump, Space Heater, Wall Furnace, See Remarks

Exterior

Parking Features Attached, Gravel

Utilities Available Electricity Connected, Sewer Connected, Natural Gas Available

Roof Type Metal,See Remarks

Topography Rolling Slope, Part Wooded, Level

Building

Foundation Block, Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Structure Type Brick,Concrete,Vinyl Siding,Plaster

New Construction No

Schools

Elementary Schools Jefferson

Middle Schools Robinson

High Schools Dobyns Bennett

Others

Senior Community No

Tax ID 062c E 017.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Listed by Abigail Weaver • CENTURY 21 Legacy Fort Henry

NEARBY SCHOOLS & PROPERTIES

Leann Mahaffey

Leann Mahaffey

Broker Associate | License ID: 333737

+1(423) 341-2200

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4006 Memorial BLVD