Property Description

Listing Status

• More Listing Info

  AC:See Remarks11	true
  AC:Wall Unit(s)	true
  AC:Window Unit(s)	true
  Contract Info:Foreclosure	No
  Easements:See Remarks18	true
  Exterior Finish:Vinyl Siding	true
  General Property Description:# Buildings	1
  General Property Description:# Fireplaces	0.0
  General Property Description:# of Units	6.0
  General Property Description:Acres	0.35
  General Property Description:Elementary School3	Miller Perry
  General Property Description:High School3	West Ridge
  General Property Description:HOA YN	No
  General Property Description:Home Warranty2	No
  General Property Description:Lot Dimensions	94x167
  General Property Description:Middle School2	Sullivan Heights Middle
  General Property Description:Senior Community YN3	No
  General Property Description:Stories2	2
  General Property Description:Total Units	6
  General Property Description:Zoning2	B 3
  Heating:See Remarks10	true
  Income and Expenses:Annual Operating Expenses	5667
  Income and Expenses:Annual Utility Expenses	5644
  Income and Expenses:Gross Annual Income	47940
  Income and Expenses:Net Annual Income	35029
  Levels:Two	true
  Location Tax Legal Info:Block	B
  Location Tax Legal Info:City Taxes	0.0
  Location Tax Legal Info:County Taxes	1654.5
  Location Tax Legal Info:Deed Book #	3581
  Location Tax Legal Info:Deed Page #	300
  Location Tax Legal Info:Lot #	2
  Parking Features:Asphalt2	true
  Parking Features:Gravel	true
  Property Condition:Above Average	true
  Property Condition:Average	true
  Property Condition:UpdatedRemodeled	true
  Remarks Misc:Directions3	From Kingsport or Johnson City, take Hwy 36 into Colonial Heights and turn onto Brookfield Dr. Building almost immediately on right. (Pay attention not to confuse this Brookfield Dr with Brookfield Ln a few streets down.)
  Remarks Misc:Public Remarks7	Income-producing opportunities with six occupied units are becoming increasingly difficult to find, and 105 Brookfield Drive offers investors a unique opportunity to acquire a fully leased mixed-use property with the stability of residential income and the added diversification of commercial tenants. The property features three one-bedroom residential apartments on the lower level and three fully occupied commercial suites on the upper level, creating six separate income streams that generate immediate cash flow from day one. The commercial component consists of approximately 1,850 square feet divided into three suites of approximately 400, 600, and 850 square feet. The property currently produces approximately $47,940 in gross scheduled annual rental income, making it an attractive opportunity for investors seeking a stabilized, income-producing asset rather than a lease-up project. Significant capital improvements include replacement windows, siding, and roof approximately five years ago, along with two water heaters that are approximately six years old. The commercial suites have also been updated with new flooring, fresh paint, renovated bathrooms, and electrical upgrades, helping attract and retain quality tenants while reducing the likelihood of near-term capital expenditures. The property is currently operated with gross leases due to the existing plumbing configuration, as the water heaters serving Units 4 and 6 also supply neighboring units. A future owner may wish to explore the feasibility of separating these systems and installing individual water heaters to provide additional flexibility for utility reimbursement and long-term operating efficiency. An additional utility, management, and storage area located separately from the tenant spaces provides convenient access for building operations and maintenance. Convenient parking is available at the rear of the building for residential tenants, while dedicated street-level parking provides easy access for commercial customers and clients. Zoned B-3, the property is situated in an established Kingsport location with convenient access to major roadways, surrounding businesses, and residential neighborhoods. For investors seeking to diversify beyond traditional apartment buildings, this property presents an attractive alternative by combining the dependable demand for residential housing with the income potential of neighborhood commercial space. Whether you're adding to an existing multifamily portfolio, completing a 1031 exchange, or looking for a property that provides multiple income streams under one roof, 105 Brookfield Drive offers a stabilized investment with long-term ownership potential. Financial information is available upon request. All information is deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information.
  Roof:Shingle	true
  Sewer:Septic Tank	true
  Structure Type:Mixed Use	true
  Structure Type:Multi Family	true
  Style:Other53	true
  TopographyLot Description:Level2	true
  TopographyLot Description:Sloped	true
  Unit 1:# Bathrooms5	1.0
  Unit 1:# Bedrooms3	1
  Unit 1:Monthly Rent	730
  Unit 1:SqFt6	750
  Unit 2:# Bathrooms4	1.0
  Unit 2:# Bedrooms4	1
  Unit 2:Monthly Rent2	715
  Unit 2:SqFt5	725
  Unit 3:# Bathrooms3	1.0
  Unit 3:# Bedrooms5	1
  Unit 3:Monthly Rent3	700
  Unit 3:SqFt2	600
  Unit 4:# Bathrooms2	0.0
  Unit 4:# Bedrooms6	0
  Unit 4:# Rooms	3
  Unit 4:# Units4	3
  Unit 4:Half Baths2	3.0
  Unit 4:Monthly Rent4	1850
  Unit 4:SqFt	2272
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

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