Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9973412

Lot Acreage: 0.50000

Living Area: 0

Year Built:1977

Elementary School: Indian Springs

Middle School: Sullivan Central Middle

High School: West Ridge

Public Remarks: Welcome to this 12-unit apartment complex, ideally located in a thriving community with convenient access to local amenities, parks, and transportation. Just minutes from downtown Kingsport, Blountville, and Bristol, this property offers a prime location for residents. Most of the units have been upgraded with modern finishes, including granite countertops in the kitchens and bathrooms, updated kitchen cabinets with ample storage and pantry space, and durable Luxury Vinyl Plank (LVP) flooring throughout. Additionally, the units feature fresh, new paint, giving each space a bright, inviting feel. New heating and cooling units, along with energy-efficient hot water heaters, ensure year-round comfort and cost-effective living. Recent exterior improvements include a new roof installed in November 2023, providing peace of mind and long-term protection from the elements. With a gross revenue of $8,500.00 and stable, long-term tenants, this property presents an excellent investment opportunity. Rents are still below market value, offering significant potential for future growth. This turn-key property, with most units upgraded and tenant stability in place, offers minimal maintenance and maximum profitability for investors seeking strong, consistent returns.

Listing Courtesy:Choice Realty

More Listing Info:

AC:Wall Unit(s): true

Appliances:Electric Range: true

Appliances:Refrigerator: true

Contract Info:Foreclosure: No

Easements:None12: true

Expenses Include:Electric2: true

Expenses Include:Lawn Maint: true

Expenses Include:Property Management: true

Expenses Include:WaterSewer: true

Exterior Features:Balcony: true

Exterior Finish:Brick4: true

Flooring:Carpet: true

Flooring:Laminate: true

Flooring:Vinyl: true

Foundation:Block6: true

General Property Description:# Buildings: 1

General Property Description:# Fireplaces: 0.0

General Property Description:# of Units: 12.0

General Property Description:Acres: 0.5

General Property Description:Elementary School3: Indian Springs

General Property Description:High School3: West Ridge

General Property Description:HOA YN: No

General Property Description:Home Warranty2: No

General Property Description:Lot Dimensions: 100 x 250 IRR

General Property Description:Middle School2: Sullivan Central Middle

General Property Description:Senior Community YN3: No

General Property Description:Stories2: 3

General Property Description:Total Units: 12

General Property Description:Zoning2: R 2A

Heating:Heat Pump2: true

Heating:Wall Furnace: true

Info Available:ProfitLoss Statement: true

Info Available:Rental Rolls: true

Interior Features:Granite Counters: true

Interior Features:KitchenDining Combo: true

Interior Features:Laminate Counters: true

Interior Features:Pantry: true

Interior Features:Remodeled: true

Levels:Three Or More: true

Location Tax Legal Info:Block: A/9

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 3100.15

Location Tax Legal Info:Deed Book #: 0

Location Tax Legal Info:Deed Page #: 12/5

Location Tax Legal Info:Lot #: Lot 9 & M/Pt Lot 11

Parking Features:Asphalt2: true

PorchPatioDeck:Front Porch: true

Property Condition:Above Average: true

Property Condition:UpdatedRemodeled: true

Remarks Misc:Directions3: From John B Dennis Hwy 93, take the Memorial Blvd ext. Take 126 east towards Interstate 81. Go about 3 miles, then right on Lemay Drive, Unit complex on the right.

Remarks Misc:Public Remarks2: Welcome to this 12-unit apartment complex, ideally located in a thriving community with convenient access to local amenities, parks, and transportation. Just minutes from downtown Kingsport, Blountville, and Bristol, this property offers a prime location for residents. Most of the units have been upgraded with modern finishes, including granite countertops in the kitchens and bathrooms, updated kitchen cabinets with ample storage and pantry space, and durable Luxury Vinyl Plank (LVP) flooring throughout. Additionally, the units feature fresh, new paint, giving each space a bright, inviting feel. New heating and cooling units, along with energy-efficient hot water heaters, ensure year-round comfort and cost-effective living. Recent exterior improvements include a new roof installed in November 2023, providing peace of mind and long-term protection from the elements. With a gross revenue of $8,500.00 and stable, long-term tenants, this property presents an excellent investment opportunity. Rents are still below market value, offering significant potential for future growth. This turn-key property, with most units upgraded and tenant stability in place, offers minimal maintenance and maximum profitability for investors seeking strong, consistent returns.

Security Features:Smoke Detector(s)3: true

Sewer:Septic Tank: true

Structure Type:Multi Family: true

Structure Type:Townhouse3: true

Style:Townhouse2: true

TopographyLot Description:Level2: true

TopographyLot Description:Rolling Slope: true

Unit 1:# Bedrooms3: 12

Unit 1:# Half Baths: 0.0

Unit 1:# Units: 12

Unit 1:Monthly Rent: 75000

Unit 1:SqFt6: 5673

Unit 2:# Units2: 12

Unit 3:# Units3: 12

Unit 4:# Bedrooms6: 12

Unit 4:# Units4: 12

Unit 4:Half Baths2: 0.0

Utilities:Cable Connected2: true

Utilities:Electricity Connected: true

Utilities:Phone Connected: true

Utilities:Water Connected: true

Walls:Drywall: true

Water:Public: true

Window Features:Double Pane Windows: true

Window Features:Insulated Windows: true

Window Features:Window Treatments: true