3800 Memorial Boulevard, Kingsport

$2,150,000

0 Bed
0 Bath
4.7 Acres
0 Garage

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.

Essential Information
MLS® #9941303
Price$2,150,000
Bathrooms0.00
Acres4.70
Year Built1988
TypeMulti-Family
Sub-TypeMulti-Family
StyleOther
StatusActive
Community Information
Address3800 Memorial Boulevard
CityKingsport
CountySullivan
StateTENNESSEE
Zip Code37664
Amenities
Has PoolYes
Interior
HeatingSee Remarks
FireplaceYes
Exterior
ExteriorOther
Lot DescriptionSee Remarks
ConstructionSite Built
School Information
ElementaryOut Of Area
MiddleOut Of Area
HighOut Of Area
Additional Information
Date ListedJuly 23rd, 2022
Days on Market69
ZoningR1B/R3
HOA Fees0.00
Listing Details
Listing Courtesy ofSVN, WOOD PROPERTIES
Property History
Price Reduced from $2,200,000 to $2,150,000
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Information herein deemed reliable but not guaranteed October 1st, 2022 at 7:15am