105 Lemay DR new Save Request In-Person Tour Request Virtual Tour
Kingsport,TN 37664
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,673 sqft
Price per Sqft $211
Subdivision E B Mays Add To Vermont
MLS Listing ID 9982363
Style Townhouse
Year Built 1977
Lot Size 0.500 Acres
Property Sub-Type Multi Family
Property Description
Welcome to this 12-unit apartment complex with all units being 1 bedroom, 1 bath. Ideally located in a thriving community with convenient access to local amenities, parks, and transportation. Just minutes from downtown Kingsport, Blountville, and Bristol, this property offers a prime location for residents.
Most of all the units have been upgraded with modern finishes, including granite countertops in the kitchens and bathrooms, updated kitchen cabinets with ample storage and pantry space, and durable Luxury Vinyl Plank (LVP) flooring throughout. Additionally, the units feature fresh, new paint, giving each space a bright, inviting feel. New heating and cooling units, along with energy-efficient hot water heaters, ensure year-round comfort and cost-effective living.
Recent exterior improvements include a new roof installed in November 2023, providing peace of mind and long-term protection from the elements. With a gross revenue of $8,500.00 and stable, long-term tenants, this property presents an excellent investment opportunity. Rents are still below market value, offering significant potential for future growth.
This turn-key property, with most units upgraded and tenant stability in place, offers minimal maintenance and maximum profitability for investors seeking strong, consistent returns. Call me or your Agent for more information today.
Location
State TN
County Sullivan
Community E B Mays Add To Vermont
Area 0.5
Zoning R 2A
Interior
Heating Heat Pump,Wall Furnace
Cooling Wall Unit(s)
Flooring Vinyl,Carpet,Laminate
Exterior
Exterior Feature Balcony
Parking Features Asphalt
Utilities Available Electricity Connected,Phone Connected,Water Connected,Cable Connected
Building
Story 3
Foundation Block
Sewer Septic Tank
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Indian Springs
Middle Schools Sullivan Central Middle
High Schools West Ridge
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional