Brick Townhome Apartment
730 Sir Echo Dr Kingsport, TN 37663
730 Sir Echo Dr, Kingsport, TN, 37663
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For Sale
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Ten two-bedroom townhomes with individual HVAC and covered entries, plus on-site coin laundry and tenant storage facilities.
Property Size10,584 SF
Price / SF$113.38
Days on Market107
Property Features for 730 Sir Echo Dr
General Information
- Standard status
- Active
- Size
- 10,584 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agency
SVN Wood Properties
(865) 936-9999
Listed by
Ford Collier · License #TN 373873
Source
Crexi
Added: Apr 6 Updated: Jul 20 at 5:18PM Checked: Jul 20 at 5:18PM
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 Wood Properties
Investment Insights
Based on property information with market context.
730 Sir Echo Dr is a 10-unit townhome community featuring ten two-bedroom, one-and-a-half-bath residences. Each unit provides washer and dryer hookups, replacement low-maintenance windows, individual HVAC systems, and covered front entryways with storm doors. Select homes include full-length covered back porches.
The property is constructed with brick on all four sides and has been systematically updated by ownership. Recent improvements include a new roof, updated gutters, fresh asphalt paving and striped parking areas, and new water heaters in select units. On-site laundry is available through a dedicated laundry facility with commercial coin-operated machines, and each unit also has access to tenant storage with lockable closets.
This is a self-contained multifamily setup designed for day-to-day resident convenience, combining individual unit systems with shared laundry and secure storage for each home.
The property is constructed with brick on all four sides and has been systematically updated by ownership. Recent improvements include a new roof, updated gutters, fresh asphalt paving and striped parking areas, and new water heaters in select units. On-site laundry is available through a dedicated laundry facility with commercial coin-operated machines, and each unit also has access to tenant storage with lockable closets.
This is a self-contained multifamily setup designed for day-to-day resident convenience, combining individual unit systems with shared laundry and secure storage for each home.
Key Highlights
- 10 two‑bedroom townhomes built in 1968, each with 1.5 bathrooms and 950 SF of living space
- Brick construction on all four sides; covered front entryways with storm doors
- Each unit has its own HVAC system, plus washer and dryer hookups
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.2k | $13.44 |
| − Vacancy | −$7.8k | −$0.74 |
| EGI | $134.4k | $12.70 |
| − OpEx | −$60.5k | −$5.72 |
| NOI | $73.9k | $6.99 |
10,584 SF · lease $13.44/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$924.2K – $1.23M
NOI $73,934 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.96M
$3.47M – $4.62M
NOI $277,446 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Ten two-bedroom townhomes with individual HVAC and covered entries, plus on-site coin laundry and tenant storage facilities.
Where is this apartment building located?
The property is located at 730 Sir Echo Dr Kingsport, TN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10 two‑bedroom townhomes built in 1968, each with 1.5 bathrooms and 950 SF of living space; Brick construction on all four sides; covered front entryways with storm doors; Each unit has its own HVAC system, plus washer and dryer hookups
