Views
Address
1433 Stratford Rd, Kingsport, TN
Price
$ 1,225,000
Property Attributes
  • MLS#2618863
  • TypeMulti-Family
  • CountySULLIVAN
  • CityKingsport
  • NeighborhoodGreen Valley Manor
  • Zip37664
  • StyleMulti Family
  • Year Built1971
  • Taxes$ 5946
  • Price$ 1,225,000
  • Bedrooms8
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage6750
Data Source:
Listing courtesy of RealTracs MLS as distributed by MLS GRID
Property Description

SVN | Accel Commercial Real Estate is pleased to bring to market an 11 unit opportunity in Kingsport, TN. This property allows an investor to take advantage of the rapid growth in this region with little inventory coming to market. and the demand from incoming residents continuing to rise. There are 11 units with a mix consisting of 1 unit - 3 bed 2 bath, 4 units - 1 bed 1 bath, and 6 units - 2 bed 1 bath. The property is currently 100% occupied with monthly rents totaling $9910 with opportunity to increase. All units electricity is separately metered, water and trash is shared with the adjacent property and is billed back to the tenants. The adjacent property is identical and is also for sale allowing the new owner to combine the two properties to acquire a total of 22 units. Please contact agents to schedule a showing. Do NOT disturb tenants or visit property without prior approval.

Elementary School Middle School High School
Andrew Johnson Elementary School Ross N. Robinson Middle School Dobyns - Bennett High School
Price History
2/13/2024 Listed $1,225,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Zoning R3
Construction Materials Brick
Year Built 1971
View Bluff,Valley
Stories 2
Levels Two
Gross Income 118920
County Sullivan County,TN
Net Operating Income 74920
Operating Expense 44000
New Construction No
Property Type Residential Income
Attached Garage No
Subdivision Name Green Valley Manor Sec 1
Garage Y/N No
Status Active
Directions Follow I-40 E and I-81 N to TN-36 N/Fort Henry Dr in Kingsport. Take exit 59 from I-81 N. Continue on TN-36 N/Fort Henry Dr. Drive to Stratford Rd
High School Dobyns - Bennett High School
City Kingsport
View Y/N Yes
Total Units 11
Waterfront Y/N No
Carport Y/N No
Street Name Stratford Rd
Elementary School Andrew Johnson Elementary School
Property Attached Y/N Yes
Year Built Details EXIST
Tax Annual Amount 5946
Middle/Junior High School Ross N. Robinson Middle School
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 3930

Interior Features

Flooring Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 6750
Laundry Features Share
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Living Area Units Square Feet

Exterior Features

Water Source Public
Inclusions APPLN
Building Area Total 6750
Lot Dimensions 84 X 226.9 IRR
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 37664

Price
AVG $1.23M
$1.23M
Taxes
AVG $5,946
$5,946
Visits
AVG 8
7
Data Provided by Inside Real Estate®
Year Built
AVG 1971
1971