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423-968-7653
Multifamily (Multi-Family)

1701 North John B Dennis Hwy
Kingsport, TN 37664

2 Story
FOR SALE
Price: $2,495,000  List Date: 2023-01-07  DOM:  22
City Tax: $7,012 County Tax: $8,443Utilities Expenses: $
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, Part Wooded, Rolling Slope, Steep Slope
Heating: Central, Heat PumpCooling: Heat Pump, Wall Unit(s)Water & Sewage: Public

Description

Well maintained 34 unit apartment complex across from Eastman! Just imagine the corporate short term per diem rental potential with this one! 8 large 2 bedrooms and 26 one bedrooms with 3 sizes that will offer a nice mix for your tenants. Most tenants are month to month and have been here for years. Rents are coming up and will come up. Newly rented units were rented closer to market rents. This apartment complex has the ability to cap at 12-13% or more! With the stock market down, why risk your losses when you can win here!! The potential is easy for it to only get better with a well maintained and cared for complex. Next showing for 8 units Wednesday January 11th 11-1

Community Information

Geographical
County: Sullivan
Subdivision:
Zoning: R3
School System
Johnson Elementary
Robinson Middle
Dobyns Bennett High

Interior

Exterior

Exterior Finish: Brick 

Photos

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Listing by Bridge Pointe Real Estate Jonesborough
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