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3800 Memorial Blvd

Kingsport, TN 37664
  • $2,150,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 1200540
UPDATED: 195 min ago
$2,150,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,721
    SQFT
  • $169
    $/SQFT
Type:
Multi-Family
Built:
1988
County:
Area:

School Ratings & Info

Description

This well positioned, value-add multifamily community is located just 10 minutes from the heart of downtown Kingsport. There are 7 buildings with a total of 27 units. 22 of the units are studio apartments with 1 bath and 1 large closet. In 2020, roofs were replaced and exteriors were painted. Last year, 8 of the studio apartments were renovated. Three of the remodeled units are currently rented as short term rentals. The buyer will be able to add value by continuing to renovate and increase rents while also implementing RUBs for additional income.

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© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Austin Sizemore Team | Brokered by eXp Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Austin Sizemore Team | Brokered by eXp Realty. Data last updated: 2022-10-06T00:29:57.83.
www.austinsizemore.com/homes/131277009
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3800 Memorial Blvd Kingsport, TN 37664

  • Price: $2,150,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 195 min ago
  • MLS #: 1200540
0
Beds
0
Baths
0
½ Baths
N/A
Acres
12,721
SQFT
$169
$/SQFT
1988
Built
County:
Sullivan
Area:
Kingsport
Property Description
This well positioned, value-add multifamily community is located just 10 minutes from the heart of downtown Kingsport. There are 7 buildings with a total of 27 units. 22 of the units are studio apartments with 1 bath and 1 large closet. In 2020, roofs were replaced and exteriors were painted. Last year, 8 of the studio apartments were renovated. Three of the remodeled units are currently rented as short term rentals. The buyer will be able to add value by continuing to renovate and increase rents while also implementing RUBs for additional income.
Exterior Features

Construction BlockFrame Driveway Paved Garage Parking Individual GaragesOn Premise Parking Lot Size 4.7 Acres

Interior Features

Appliances RangeRefrigerator Cooling Window Unit(S) Floors LaminateVinyl Fuel Other Fuel Heat Other Other Rooms Other

Property Features

Auction YN No City County Code County City Taxes 5772.39 County Taxes 7394.73 Lease Information 1 Yr - Mo To Mom Multifamily Sub Type Apartment New Financing CashConventionalNew Loan Owner Expenses AdvertisingInsuranceLawn MaintenanceSewerTaxesWater Property Status N/A Pud YN No Sale Includes Some Furnishings Total Tax 13167.00 Type Of Units 2 Bedroom UnitEfficiency Unit Utilities Mo Avg 1540.50

Listing information © 2022 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Svn I Wood Properties: (865) 936-9999.


© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Austin Sizemore Team | Brokered by eXp Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Austin Sizemore Team | Brokered by eXp Realty. Data last updated: 2022-10-06T00:29:57.83.
 
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Austin Sizemore Team | Brokered by eXp Realty
2010 East Main Street
Chattanooga TN, 37404