$875,000
Kingsport, TN 37664
MLS# 9916319
Status: Closed
13500 sqft
1 / 79
Property Description
This Stratford Manor complex @ 1429 and 1433 Stratford Rd offers 2 buildings which are two story brick with 24 units (a nice mix of 12 one bedroom apartments and 12 two bedroom apartments) floorplans. Roofs and decks replaced 2019. Most (19) of the apartments have been updated within the past two years which includes freshly painted, LVP flooring, baseboard and some new dishwasher, stove, refrigerator. Eighteen units have central air & heat and 6 units have PTAC. Three units have washer and dryer hookups. There are 4 one bedroom studio apartments that the owner pays electric, water, trash, and pest control. There is a common basement area in each building that has washer and dryers hook ups which could be setup for a laundry room. Ample parking and convenient shopping and bus services stop in front of the apartment complex on Stratford Road. No sign on property. Owner pays for landscaping, water, trash and pest control. Please do not disturb the tenants. All showings require 48 hours notice by appointment only. Call an agent to show.
Details
Maps
Location, Tax & Legal Info
Lot #: 2
Parcel ID: 062p G 009.00 & 062p G 010.00
Block: 273
Deed Book #: 3017
Deed Page #: 2429
City Taxes: 5140.94
County Taxes: 6400.33
Contract Info
List Price/SqFt: 70.37
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 950000
Current Price: $875,000
Listing Date: 2020-12-09
General Property Description
Lot Dimensions: 180 X 434.3 IRR
Acres: 1.79
Zoning: R 3
# Buildings: 2
Elementary School: Johnson
# of Units: 24
Middle School: Robinson
Total Units: 24
High School: Dobyns Bennett
Stories: 2
# Fireplaces: 0
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1971
Total SqFt: 13500
Remarks & Misc
Directions: From John B Dennis Hwy, exit onto Memorial Blvd towards Blountville. Right on Stratford Rd. Apartment buildings are on the right corner of Stratford and Shipley.
Property Condition
Above Average: 1
Income and Expenses
Annual Operating Expenses: 61460
Annual Utility Expenses: 10469
Net Annual Income: 63428
Gross Annual Income: 130889
Exterior Finish
Brick: 1
Unit 1
# Units: 12
# Rooms: 54
# Bedrooms: 18
# Bathrooms: 12
# Half Baths: 0
SqFt: 6750
Monthly Rent: 6695
Unit 2
# Units: 12
# Rooms: 54
# Bedrooms: 18
# Bathrooms: 12
# Half Baths: 0
SqFt: 6750
Monthly Rent: 6870
Style
Traditional: 1
Roof
Shingle: 1
Unit 3
# Bathrooms: 0
Half Baths: 0
Levels
Two: 1
Unit 4
# Bathrooms: 0
Half Baths: 0
Window Features
Single Pane Windows: 1
Window Treatment-Some: 1
Interior Features
Laminate Counters: 1
Pantry: 1
Restored: 1
Exterior Features
Balcony: 1
Heating
Central: 1
Electric: 1
Heat Pump: 1
AC
Central Air: 1
Heat Pump: 1
Utilities
Cable Available: 1
Cable Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Dishwasher: 1
Electric Range: 1
Refrigerator: 1
Topography/Lot Description
Level: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Laminate: 1
Vinyl: 1
Other: 1
Easements
None: 1
Basement
Block: 1
Crawl Space: 1
Partially Finished: 1
Walk-Out Access: 1
Financing
Cash: 1
Conventional: 1
Community Features
Sidewalks: 1
Security Features
Smoke Detector(s): 1
Parking Features
Asphalt: 1
Porch/Patio/Deck
Deck: 1
Walls
Drywall: 1
Paneling: 1
Foundation
Block: 1
Concrete Perimeter: 1
Slab: 1
Structure Type
House: 1
Expenses Include
Lawn Maint: 1
Waste: 1
Water/Sewer: 1
Other: 1
See Remarks: 1
Location Tax Legal Info
Street #: 1429 1433
Street Name: Stratford
St Suffix: Road
County: Sullivan
State/Province: TN
Zip Code: 37664
Area: 409 - Greenacres, Preston Woods
Subdivision: Green Valley
Status Change Info
Date Pending: 2020-12-11
Sold Date: 2021-02-15
Sold Price: $875,000
Property Features
Property Condition: Above Average
Style: Traditional
Levels: Two
Exterior Finish: Brick
Interior Features: Laminate Counters; Pantry; Restored
Exterior Features: Balcony
Appliances: Dishwasher; Electric Range; Refrigerator
Security Features: Smoke Detector(s)
Flooring: Carpet; Ceramic Tile; Laminate; Vinyl; Other
Roof: Shingle
Parking Features: Asphalt
Heating: Central; Electric; Heat Pump
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Window Features: Single Pane Windows; Window Treatment-Some
Sewer: Public Sewer
Basement: Block; Crawl Space; Partially Finished; Walk-Out Access
Foundation: Block; Concrete Perimeter; Slab
AC: Central Air; Heat Pump
Utilities: Cable Available; Cable Connected
Structure Type: House
Walls: Drywall; Paneling
Easements: None
Financing: Cash; Conventional
Expenses Include: Lawn Maint; Waste; Water/Sewer; Other; See Remarks
Community Features: Sidewalks
Listing Office: Arbella Properties JC
Last Updated: January - 24 - 2023
Information deemed reliable but not guaranteed.