Price Reduction
Address
3800 Memorial Blvd, Kingsport, TN
Price
$ 2,150,000
Property Attributes
  • MLS#1200540
  • TypeMulti-Family
  • CountySULLIVAN
  • CityKingsport
  • AreaSullivan County
  • Zip37664
  • StyleApartment
  • Year Built1988
  • Taxes$ 13167
  • Price$ 2,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12721
  • Lot Size4.7 Acres
Data Source:
Knoxville MLS (KAAR)
Property 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.

Price History
7/26/2022 Listed $2,200,000
9/7/2022 3% - $2,150,000

General Features

Appliances Range, Refrigerator
Area Sullivan County
Auction Y/n No
Construction Block, Frame
Cooling Window Unit(s)
Fuel Other Fuel
Garage Features Individual Garages, On Premise Parking
Heating Other
New Financing Cash, Conventional, New Loan
Number of Units 27.00
PUD Y/N No
Property Status N/A
Property SubType Apartment
Property Type B
Utilities/Mo Avg 1540.50
Year Built 1988

Interior Features

Floors Laminate, Vinyl
Other Rooms Other

Exterior Features

Remarks This well positioned
Driveway Paved
Lot Size 4.7 Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 37664

Price
AVG $2.15M
$2.15M
Taxes
AVG $13,167
$13,167
Visits
AVG 26
25
Year Built
AVG 1967
1988

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