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1701 John B Dennis Highway

Kingsport, TN 37664
  • $2,495,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 9947049
$2,495,000
  • 0
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,804
    SQFT
  • $114
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Information

Elementary School:
Middle School:
High School:

Description

Well maintained 34 unit apartment complex across from Eastman! Just imagine the corporate short term per diem rental potential with this one! 8 large 2 bedrooms and 26 one bedrooms with 3 sizes that will offer a nice mix for your tenants. Most tenants are month to month and have been here for years. Rents are coming up and will come up. Newly rented units were rented closer to market rents. This apartment complex has the ability to cap at 12-13% or more! With the stock market down, why risk your losses when you can win here!! The potential is easy for it to only get better with a well maintained and cared for complex. Next showing for 8 units Wednesday January 11th 11-1

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© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-01-27T23:59:53.227.
www.highlandsrealtyinc.com/homes/135850200
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1701 John B Dennis Highway Kingsport, TN 37664

  • Price: $2,495,000
  • Status: Active
  • On Site: 20 Days
  • MLS #: 9947049
0
Beds
0
Baths
0
½ Baths
5
Acres
21,804
SQFT
$114
$/SQFT
1964
Built
Neighborhood:
Not In Subdivision
County:
Sullivan
Elementary School:
Johnson
Middle School:
Robinson
High School:
Dobyns Bennett
Property Description
Well maintained 34 unit apartment complex across from Eastman! Just imagine the corporate short term per diem rental potential with this one! 8 large 2 bedrooms and 26 one bedrooms with 3 sizes that will offer a nice mix for your tenants. Most tenants are month to month and have been here for years. Rents are coming up and will come up. Newly rented units were rented closer to market rents. This apartment complex has the ability to cap at 12-13% or more! With the stock market down, why risk your losses when you can win here!! The potential is easy for it to only get better with a well maintained and cared for complex. Next showing for 8 units Wednesday January 11th 11-1
Exterior Features

Exterior Finish Brick Lot Dimensions 515X535x467x318 Style 2 Story Topography Lot Description LevelPart WoodedRolling SlopeSteep Slope Walls Drywall

Interior Features

Ac Heat PumpWall Unit(S) Heating CentralHeat Pump Laundry Features Electric Dryer HookupWasher Hookup

Property Features

Auction No City Taxes 7011.64 County Taxes 8442.87 Easements None Financing CashConventional Foreclosure No Property Condition Above Average Property Sub Type Multi-Family Sewer Public Sewer Short Sale No Utilities Cable Available Water Public Zoning R3

Listing information © 2023 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Laura Meade of Bridge Pointe Real Estate Jonesborough: (423) 482-9616.



© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-01-27T23:59:53.227.
 
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