Two-Building Multifamily
4006 Memorial Boulevard Kingsport, TN 37664
4006 Memorial Boulevard, Kingsport, TN, 37664
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For Sale
Contact for pricing
Two apartment buildings totaling seven units offer immediate rental income and on-site storage space.
Property Size5,679 SF
Price / SF$74.84
Days on Market9
Property Features for 4006 Memorial Boulevard
General Information
- Standard status
- Active
- Size
- 5,679 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1947
Listing Agency
CENTURY 21 Legacy Kingsport
Listed by
Abigail Weaver · License #357811
Source
Crexi
Added: Jul 8 Checked: Jul 16 at 7:10 am
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 CENTURY 21 Legacy Kingsport
Investment Insights
Based on property information with market context.
This for-sale investment property includes two buildings with seven total units. The offering is described as providing immediate rental income, with remodeling underway in two vacant units. On-site improvements include an unfinished basement and a garage workshop, providing additional storage for day-to-day property management.
The sale includes both parcels identified as 062C E 017.00 and 062C E 018.00. The property notes TDOT road improvements on Hwy 126, with boundary lines already showing updated property borders that are expected to affect traffic patterns after the modifications.
Building 2 is reported to have a metal roof that is approximately two years old, while Building 1 is reported to have a metal roof approximately five years old. The property also notes some plumbing and electrical updates and currently occupied units with a reported good rental history. Buyer(s) and buyer’s agents should verify all information.
The sale includes both parcels identified as 062C E 017.00 and 062C E 018.00. The property notes TDOT road improvements on Hwy 126, with boundary lines already showing updated property borders that are expected to affect traffic patterns after the modifications.
Building 2 is reported to have a metal roof that is approximately two years old, while Building 1 is reported to have a metal roof approximately five years old. The property also notes some plumbing and electrical updates and currently occupied units with a reported good rental history. Buyer(s) and buyer’s agents should verify all information.
Key Highlights
- Two apartment buildings with 7 total units, offering immediate rental income
- 8.7% cap rate at full capacity
- Metal roof updates: Building 2 has a 2‑year‑old metal roof; Building 1 has a 5‑year‑old metal roof
Property Analytics
Property Profile
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FAQs
What type of property is this?
Apartment building - Two apartment buildings totaling seven units offer immediate rental income and on-site storage space.
Where is this apartment building located?
The property is located at 4006 Memorial Boulevard Kingsport, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two apartment buildings with 7 total units, offering immediate rental income; 8.7% cap rate at full capacity; Metal roof updates: Building 2 has a 2‑year‑old metal roof; Building 1 has a 5‑year‑old metal roof
