4006 Memorial Boulevard Kingsport, TN 37664
Commercial-Other
MLS #: 9997872
Listed By CENTURY 21 Legacy
Property InformationDescription
This investment property--including two buildings and seven units--offers immediate rental income. At full capacity, this property provides an 8.7% cap rate and enough land to further develop and add more units for additional future income. With the TDOT road improvements on Hwy 126, the approximate boundary lines already show the new property borders which will change the traffic patterns for the better after the road modifications. Between an unfinished basement and a garage workshop, you'll also have plenty of storage space on site for anything needed for property management. Features to note include a 2yr old metal roof on Building 2, a 5yr old metal roof on Building 1, some plumbing and electrical updates, remodeling in process in 2 vacant units, and current tenants with good rental history. Whether you're already an investor or just stepping into the rental market, this property offers the unique position for established income with growth potential for more. Sale includes both parcels 062C E 017.00 and 062C E 018.00. Buyer(s)/buyer(s) agents to verify all information.
Features
- Building Area: 5679.00 SF
- Cooling: Window A/C
- Cross Docks: N
- Exterior Description: Brick
- Exterior Description: Vinyl Siding
- For Auction: N
- General: Ceiling Fan(s)
- Heating Type: Heat Pump
- Heating Type: Other
- Lot Size In Text: 1.28 Acres
- MLSID: 9997872
- Parking Places: 0
- Price Per Area: 73.08
- Price Upon Request: N
- Roof: Metal Roof
- Sewer: Public
- Style: Other Style
- Sublease: N
- Water: Municipal Water
- Year Built: 1947
