Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Other

MLS Number: 9998181

Lot Acreage: 0.35000

Living Area: 0

Year Built:1970

Elementary School: Miller Perry

Middle School: Sullivan Heights Middle

High School: West Ridge

Public Remarks: 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.

Listing Courtesy:KW Johnson City

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