1920 Bowater Dr Kingsport, TN 37660
197-unit multifamily portfolio in Bristol and Kingsport, Tennessee.
Building Details
- Year built
- 1971
Source:
Svn
Listing Agent: Ford Collier
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Portfolio in Tri-Cities Region
This offering presents the opportunity to acquire a 197-unit multifamily portfolio, consisting of Bristol Square and Bridgewater Retreat, located in Bristol and Kingsport, Tennessee. The portfolio is strategically positioned in the Tri-Cities region of Northeast Tennessee, an area with nearly 600,000 residents. The region has a diverse economic base anchored by Ballad Health, Eastman Chemical Company, East Tennessee State University, KVAT Food Stores, and VA Mountain Home Healthcare. The Tri-Cities region is also a hub for tourism and entertainment, anchored by Bristol Motor Speedway, the Tri-Cities Airport, and the Hard Rock Hotel & Casino Bristol. Bridgewater Retreat, built in 1971, comprises 100 units at 1920 Bowater Dr, Kingsport, TN 37660, with a unit mix of 40 one-bedroom/one-bathroom units (average rent $930), 50 two-bedroom/one-bathroom units (average rent $1,020), and 10 three-bedroom/one-bathroom units (average rent $1,144). Bristol Square Apartments, built in 1969, consists of 97 units at 104 Stafford St, Bristol, TN 37630, featuring 8 one-bedroom/one-bathroom units (average rent $975), 73 two-bedroom/one-bathroom units (average rent $1,054), and 16 three-bedroom/one-bathroom units (average rent $1,156). The Hard Rock, located across State Street from Bristol Square, includes 303 hotel rooms, over 1,500 slots, 75 table games, multiple dining venues, and a 2,000-seat entertainment space.
Location Intelligence
Current Use by Public Records
Kingsport Manor Apartments
Apartment Building
Bridgewater Retreat Apartments
Apartment Complex
ATM (Sunshine Mart)
Atm
Speedway Inn
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.52076
- Latitude
- 36.551336
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 197-unit multifamily portfolio in Bristol and Kingsport, Tennessee.
Where is this apartment building located?
The property is located at 1920 Bowater Dr Kingsport, TN.
What are key features of this property?
This property features: - 197-unit multifamily portfolio in Bristol and Kingsport, Tennessee.; - Strategically located in the Tri-Cities region with a diverse and resilient economic base.; - Close proximity to the Hard Rock Hotel & Casino Bristol, a major regional attraction.
