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423-968-7653
Multifamily (Multi-Family)

1701 North John B Dennis Hwy
Kingsport, TN 37664

2 Story
FOR SALE
Price: $4,950,000  List Date: 2023-01-03  DOM:  28
City Tax: $7,012 County Tax: $8,443Expenses Include: All Services, All Utilities, Property Insurance, Repairs and Maint
Year Built: 1964 About homes built before 1978

Total Area: 21,804 ft² (Finished & Unfinished)

Lot Size: 5.00 acre(s)Lot Dimensions: 515x535x467x318Topography: Level, Rolling Slope
Heating: Central, Heat PumpCooling: Central Air, Heat PumpWater & Sewage: Private

Description

Large Portfolio of 3 well maintained and well taken care apartment complexes totaling 68 units to add to your investment portfolio! Why lose money in the stock market when you can invest here and get a 12 -13% return on your investment based off of proforma rents!! Seller is increasing rents to support proforma rents as tenants move out and are re-rented. TONS of capital improvements throughout including new windows, LVT, new carpet, granite, heat pumps replaced as needed, new blacktop, roofs approximately 7 years old, etc. Limited walkthroughs will be permitted.Wednesday Jan 4th 10am for 34 unitsWednesday Jan 4th 12pm for 21 unitsTuesday January 10th 10am for 13 unitsSale includes 3 properties:1701 N John B Dennis 722 Old Stage Rd 216-218-220 Colonial Heights Call today for any additional informationbuyer/buyer's agent to verify

Community Information

Geographical
County: Sullivan
Subdivision:
Zoning: Commercial
School System
Johnson Elementary
Robinson Middle
Dobyns Bennett High

Interior

Exterior

Porch, Patio, Decking Detail:  Deck Exterior Finish: Brick, Stone Veneer, Vinyl Siding 

Photos

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Listing by Bridge Pointe Real Estate Jonesborough
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