1433 Stratford Road

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Address: 1433 Stratford Road, Kingsport, Tennessee, US
Created date: February 12, 2024
Date last updated: February 12, 2024
  • Below market rents
  • $150k in Capex: Flooring, Fixtures, Appliances, Painting, Security Cameras & Equipment, Pavement Upgrades, Upgraded Bathrooms (vanities/ toilets/ tubs/mirrors), Lighting, Plumbing.
  • Seller is in the process of replacing all windows, all patio doors (french doors), gutter guards and painting exterior.
  • 11 units with opportunity to acquire a total of 22

Property Description

SVN | Accel Commercial Real Estate is pleased to bring to market an 11 unit opportunity in Kingsport, TN. This property allows an investor to take advantage of the rapid growth in this region with little inventory coming to market and demand from incoming residents continuing to rise. There are 11 units with a mix consisting of 1 unit - 3 bed 2 bath, 4 units - 1 bed 1 bath, and 6 units - 2 bed 1 bath. All units are separately metered, water and trash is shared with the adjacent property and is billed back to the tenants. The adjacent property is identical and is also for sale allowing the new owner to combine the two properties to acquire a total of 22 units.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $1,225,000
No. of Units: 11
Year Built: 1971
Lot Size: 0.44 Sq ft
Opportunity Zone: No
Price per unit: $111,364
Property Website Click Here
Address: 1433 Stratford Rd, Kingsport, TN 37664, USA
Provided by:

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