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1433 Stratford Rd

Kingsport, TN 37664
  • $1,225,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: RTC2618863
UPDATED: 50 min ago
$1,225,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,750
    SQFT
  • $181
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

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.

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Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (The Miles Team | Compass Tennesee, LLC, 615-375-3575). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or The Miles Team | Compass Tennesee, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-02-23T20:05:55.487.

Based on information submitted to the MLS GRID as of 2024-02-23T20:05:55.487. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.milesrealestateteam.com/homes/147565472
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1433 Stratford Rd Kingsport, TN 37664

  • Price: $1,225,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 50 min ago
  • MLS #: RTC2618863
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,750
SQFT
$181
$/SQFT
1971
Built
Neighborhood:
Green Valley Manor Sec 1
County:
Sullivan
Elementary School:
Andrew Johnson Elementary School
Middle School:
Ross N. Robinson Middle School
High School:
Dobyns - Bennett High School
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.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Brick Covered Spaces 0 Garage YN No Levels Two Lot Size Dimensions 84 X 226.9 IRR Parking Total 0 View BluffValley View YN Yes Waterfront YN No

Interior Features

Above Grade Finished Area 6750 Cooling Central Air Cooling YN Yes Fireplace YN No Flooring Vinyl Heating Central Heating YN Yes

Property Features

Association YN No Building Area Total 6750 Gross Income 118920 Inclusions APPLN Laundry Features Share Net Operating Income 74920 New Construction YN No Operating Expense 44000 Pool Private YN No Property Attached YN Yes Sewer Public Sewer Special Listing Conditions Standard Stories 2 Tax Annual Amount 5946 Total Actual Rent 3930 Water Source Public Year Built Details EXIST Zoning R3

Realtracs Solutions logo Offered by SVN Accel Commercial Real Estate: . Copyright 2024 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.


Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (The Miles Team | Compass Tennesee, LLC, 615-375-3575). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or The Miles Team | Compass Tennesee, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-02-23T20:05:55.487.

Based on information submitted to the MLS GRID as of 2024-02-23T20:05:55.487. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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The Miles Team | Compass Tennesee, LLC
1033 Demonbreun St., Ste 300
Nashville TN, 37203