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423-968-7653
Multifamily (Multi-Family)

3800 Memorial Boulevard
Kingsport, TN 37664

Other
FOR SALE
Price: $2,200,000  List Date: 2022-07-23  DOM:  16
City Tax: $5,772 County Tax: $7,395
Year Built: 1988 

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 4.70 acre(s)Lot Dimensions: 4.7Topography: See Remarks
Heating: See RemarksCooling: OtherWater & Sewage: See Remarks

Description

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.

Community Information

Geographical
County: Sullivan
Subdivision:
Zoning: R1B/R3
School System
Out Of Area Elementary
Out Of Area Middle
Out Of Area High

Interior

Exterior

Exterior Finish: Other 

Photos

Photo #2: 3800 Memorial Boulevard Photo #3: 3800 Memorial Boulevard Photo #4: 3800 Memorial Boulevard Photo #5: 3800 Memorial Boulevard Photo #6: 3800 Memorial Boulevard Photo #7: 3800 Memorial Boulevard Photo #8: 3800 Memorial Boulevard Photo #9: 3800 Memorial Boulevard Photo #10: 3800 Memorial Boulevard Photo #11: 3800 Memorial Boulevard Photo #12: 3800 Memorial Boulevard Photo #13: 3800 Memorial Boulevard
Listing by Svn, Wood Properties
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