Multifamily (Other)

2008 Bloomingdale Rd, Kingsport, TN 37660

Traditional Stories: 2

FOR SALE

Price: $425,000 Price Per ft²: $83.33 List Date: 2026-02-13 DOM: 0
City Tax: $0 County Tax: $2,151Expenses Include: Lawn Maint, Taxes Real Estate, Repairs and Maint, Property ManagementUtilities Expenses: $

Year Built: 1972 pre-1978 Homes

Total Area: 5,100 ft² (Finished & Unfinished)

Lot Size: 0.27 acre(s) Lot Dimensions: 75 x 150 IRR Topography: Level

Heating: Heat Pump Cooling: Heat Pump Water & Sewage: Public

Appliances: See Remarks

Description

6-Unit Multifamily Investment Opportunity in KingsportInvestor special! This 6-unit multifamily property, built in 1972 and totaling approximately 5,096 sq ft, offers a solid income-producing opportunity with strong value-add potential. All six units feature an identical layout including a galley kitchen with rear deck access, main-level living area, and an upstairs floor plan with two spacious bedrooms and a full hallway bath.The building features a brick exterior in good condition and an architectural shingle roof. HVAC systems and hot water heaters vary in age but are operational. Kitchen appliances also vary in age. Bathrooms are functional in all units except Unit 1, which requires a full renovation in the tub/shower and is currently non-operational. Flooring varies by unit (carpet and LVP) and is overall in good condition.Current rents:Unit 1: $0 (vacant/non-functional)Unit 2: $300/monthUnits 3-6: $600/month eachTotal monthly income: $2,700Annual income: $32,400Property is in good overall condition and presents a strong opportunity for investors to increase value through updates and renovations. Ideal for buyers seeking a multifamily asset with upside potential and existing cash flow. All Information is deemed reliable but should be verified by buyer or buyer's agent. Set up a showing through your agent or call Listing agent. Please no drive-byes. View with appointment only.