1425-1405 Stratford Rd, Unit A-X Kingsport, TN 37664

This multifamily property, Green Valley Manor, features 24 units across six individually deeded quadplexes. Each unit includes 2 bedrooms, 1 bathroom, laundry hookups, private balconies, dedicated kitchen and dining space, and spacious living areas. The property is individually metered throughout. Exterior renovations, including a new roof, windows, and siding, were completed in 2019. Select units have received interior upgrades such as updated flooring, cabinetry, appliances, and finishes. Seven of the 24 units are intentionally held vacant to preserve maximum flexibility during disposition, as current ownership operates under rent limitations associated with its funding structure. Upon transfer of ownership, these rent limitations do not carry forward, aside from honoring existing lease terms, allowing a new owner to lease vacant units and renew tenants at market rates. The property is positioned in a convenient and well-established area of Kingsport, with direct access to Fort Henry Drive, Stone Drive, and major regional corridors including I-81 and I-26. It is located minutes from a growing employment base anchored by major manufacturers and corporate employers such as Eastman Chemical Company and Domtar. The area benefits from a diversified economy spanning healthcare, industrial, and service sectors. The property is suitable for various investment strategies, including selling off individual buildings, exploring short-term rentals where permitted, or continuing to enjoy cash flow from a stabilized asset. The lot size is 1.82 acres.