$1,200,000
Kingsport, TN 37664
MLS# 9982363
Status: Pending
5673 sqft
1 / 18
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.
Details
Maps
Location, Tax & Legal Info
Lot #: Lot 9 & M/Pt Lot 11
Parcel ID: 048p B 006.00
Block: A/9
Deed Book #: 0
Deed Page #: 12/5
City Taxes: 0
County Taxes: 3100.15
Contract Info
List Price/SqFt: 211.53
Foreclosure: No
Short Sale: No
Auction: No
Status: Pending
Listing Price: 1200000
Current Price: $1,200,000
Listing Date: 2025-06-27
General Property Description
Lot Dimensions: 100 x 250 IRR
Acres: 0.5
Zoning: R 2A
# Buildings: 1
Elementary School: Indian Springs
# of Units: 12
Middle School: Sullivan Central Middle
Total Units: 12
High School: West Ridge
Stories: 3
Senior Community YN: No
# Fireplaces: 0
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1977
Total SqFt: 5673
Remarks & Misc
Public Remarks: 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.
Directions: From John B Dennis Hwy 93, take the Memorial Blvd ext. Take 126 east towards Interstate 81. Go about 3 miles, then right on Lemay Drive, Unit complex on the right.
Property Condition
Above Average: 1
Updated/Remodeled: 1
Exterior Finish
Brick: 1
Unit 1
# Units: 12
# Bedrooms: 12
# Half Baths: 0
SqFt: 5673
Monthly Rent: 75000
Unit 2
# Units: 12
Style
Townhouse: 1
Unit 3
# Units: 12
Levels
Three Or More: 1
Unit 4
# Units: 12
# Bedrooms: 12
Half Baths: 0
Window Features
Double Pane Windows: 1
Insulated Windows: 1
Window Treatments: 1
Interior Features
Granite Counters: 1
Kitchen/Dining Combo: 1
Laminate Counters: 1
Pantry: 1
Remodeled: 1
Exterior Features
Balcony: 1
Heating
Heat Pump: 1
Wall Furnace: 1
Info Available
Profit/Loss Statement: 1
Rental Rolls: 1
AC
Wall Unit(s): 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Phone Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Septic Tank: 1
Appliances
Electric Range: 1
Refrigerator: 1
Topography/Lot Description
Level: 1
Rolling Slope: 1
Flooring
Carpet: 1
Laminate: 1
Vinyl: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
See Remarks: 1
Security Features
Smoke Detector(s): 1
Parking Features
Asphalt: 1
Existing Finance
Seller Release: 1
Porch/Patio/Deck
Front Porch: 1
Walls
Drywall: 1
Foundation
Block: 1
Structure Type
Multi Family: 1
Townhouse: 1
Expenses Include
Electric: 1
Lawn Maint: 1
Property Management: 1
See Remarks: 1
Location Tax Legal Info
Street #: 105
Street Name: Lemay
St Suffix: Drive
County: Sullivan
State/Province: TN
Zip Code: 37664
Subdivision: E B Mays Add To Vermont
Status Change Info
Date Pending: 2026-02-27
Property Features
Property Condition: Above Average; Updated/Remodeled
Style: Townhouse
Levels: Three Or More
Exterior Finish: Brick
Interior Features: Granite Counters; Kitchen/Dining Combo; Laminate Counters; Pantry; Remodeled
Exterior Features: Balcony
Appliances: Electric Range; Refrigerator
Security Features: Smoke Detector(s)
Flooring: Carpet; Laminate; Vinyl
Parking Features: Asphalt
Heating: Heat Pump; Wall Furnace
Water: Public
Window Features: Double Pane Windows; Insulated Windows; Window Treatments
Sewer: Septic Tank
Foundation: Block
AC: Wall Unit(s)
Utilities: Cable Connected; Electricity Connected; Phone Connected; Water Connected
Structure Type: Multi Family; Townhouse
Walls: Drywall
Info Available: Profit/Loss Statement; Rental Rolls
Easements: None
Financing: Cash; Conventional; See Remarks
Existing Finance: Seller Release
Expenses Include: Electric; Lawn Maint; Property Management; See Remarks
Listing Office: Choice Realty
Last Updated: February - 27 - 2026
Information deemed reliable but not guaranteed.