12 Units - Kingsport, TN

Multi-Family for Sale
Catylist Listing ID: 30842030
Property Subtypes: Duplex/Fourplex
Number of Units: 12 Units
Building Size (RSF): 13,551 SF
Gross Building Area: See Agent
Sale Price: $1,100,000
Unit Price: $91,666.67 Per Unit
Property Use Type: Investment
Building Name: Burwind Court Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/31/2023

Overview / Comments

Two 6 unit buildings located in Kingsport, TN. The apartments have had MANY updates and will make a great investment. Renovations include:

808 Burwind Court - All 1BR/1BA Units

New roof, new bridge/deck to top units #1 and #2
All new windows
All new mini split HVAC units
New vinyl plank flooring, LED light fixtures, light switches, outlets, and covers
New appliances, some new hot water heaters
All bathtubs resurfaced
Metron water meters installed for tenant to pay own water (works on cellular technology)

812 Burwind Court - All 2BR/1BA Units

New deck on back to accommodate unit #3, #4, #5, #6 balconies
New vinyl plank flooring, LED light fixtures, light switches, outlets, and covers
New appliances
Laundry room in basement not being utilized currently

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082029LC01200

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,914 35,709 64,643
Median Age: 39.55 43.2 43.65
Households: 4,861 15,987 28,381

Contact

Photograph of Listing Agent

Kevin Tipton

SVN I Wood Properties
KAAR CIE Member
Photograph of Listing Agent

Jon Roosen

SVN l Wood Properties
KAAR CIE Member
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