Kingsport Multifamily Investment
1433 Stratford Road Kingsport, TN 37664
For Sale
$1,199,000
11-unit, fully renovated multifamily property in Kingsport, Tennessee.
Days on Market149
Property Features for 1433 Stratford Road
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing Agency:
SVN | Accel Commercial Real Estate
(615) 260-2121
Listed By:
Brian Truman
(615) 260-2121
Source:
Accelcre
Added: Feb 26
Changed: Jul 10
Last Checked: Jul 25 at 4:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Accel Commercial Real Estate
Investment Insights
Based on property information with market context.
Magnolia Ridge Apartments, located at 1433 Stratford Road in Kingsport, Tennessee, presents an 11-unit multifamily investment opportunity. The property has been fully renovated, with approximately $250,000+ in capital expenditures completed. The unit mix includes one 3-bedroom/2-bathroom unit, four 1-bedroom/1-bathroom units, and six 2-bedroom/1-bathroom units. The property features separately metered electrical systems. Water and trash services are billed back to tenants. The property offers turnkey operations with minimal near-term capital expenditure needs and the opportunity for future rent growth. It is located in a growing Kingsport market with limited multifamily inventory, offering immediate in-place cash flow with continued upside.
Key Highlights
- Fully renovated 11‑unit multifamily asset with approx. $250k+ in CapEx completed.
- Immediate in‑place cash flow.
- Turnkey operations with minimal near‑term CapEx.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 11-unit, fully renovated multifamily property in Kingsport, Tennessee.
Where is this apartment building located?
The property is located at 1433 Stratford Road Kingsport, TN.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Fully renovated 11‑unit multifamily asset with approx. $250k+ in CapEx completed.; Immediate in‑place cash flow.; Turnkey operations with minimal near‑term CapEx.
