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105 Lemay Drive
Kingsport TN 37664 US

$1,200,000

Active Listing ID 9973412
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Lot: 0.50 Acres

$1,200,000

Active Listing ID 9973412
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105 Lemay Drive Welcome to this 12-unit apartment complex with all units being 1 bedroom, 1 bath. Ideally located in a thriving community with convenient access to local amenities, parks, and transportation. Just minutes from downtown Kingsport, Blountville, and Bristol, this property offers a prime location for residents. Most of all the units have been upgraded with modern finishes, including granite countertops in the kitchens and bathrooms, updated kitchen cabinets with ample storage and pantry space, and durable Luxury Vinyl Plank (LVP) flooring throughout. Additionally, the units feature fresh, new paint, giving each space a bright, inviting feel. New heating and cooling units, along with energy-efficient hot water heaters, ensure year-round comfort and cost-effective living. Recent exterior improvements include a new roof installed in November 2023, providing peace of mind and long-term protection from the elements. With a gross revenue of $8, 500.00 and stable, long-term tenants, this property presents an excellent investment opportunity. Rents are still below market value, offering significant potential for future growth. This turn-key property, with most units upgraded and tenant stability in place, offers minimal maintenance and maximum profitability for investors seeking strong, consistent returns. Call me or your Agent for more information today.

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Property Features

  • Facts
  • Lot Size: 0.50 Acres
  • Property Type: Residential Multi Family
  • Features
  • Cooling System: Wall Unit(s) A/C
  • Exterior Finish: Rolling Slope, Level, Balcony, Front Porch
  • Floor Covering: Carpet, Laminate, Vinyl
  • Heating Fuels: Heat Pump
  • Additional Features
  • Patio

School Information

  • School
  • Indian Springs(Elementary)
  • Sullivan Central Middle(MiddleSchool)
  • West Ridge(HighSchool)

Property

  • propertytype: Residential Multi Family
  • listprice: 1200000
  • unparsedaddress: 105 Lemay Drive
  • postalcity: Kingsport
  • stateorprovince: TN
  • country: US
  • postalcode: 37664
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.5
  • lotsizeunits: Acres
  • lotsizearea: 0.5
  • livingarea: 5673
  • livingareaunits: Square Feet
  • latitude: 36.54397
  • longitude: -82.465269
  • listagentfullname: John Burnette, Jr.
  • listagentemail: burnettejr.john@yahoo.com
  • listagentkey: 3yd-TVARMLS-3903
  • listagentmlsid: 3903
  • listagentpreferredphone: 4236779220
  • listagentofficephone: 4232838560
  • listofficekey: 3yd-TVARMLS-1244
  • listofficemlsid: 1244
  • disclaimer: Copyright © 2024 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TVARMLS
  • yearbuilt: 1977
  • listingcontractdate: 2024-11-13
  • listagenturl: http://www.choice-realty.com
  • countyorparish: Sullivan
  • parcelnumber: 048p B 006.00
  • elementaryschool: Indian Springs
  • highschool: West Ridge
  • appliances: Range, Refrigerator
  • cooling: Wall Unit(s) A/C
  • constructionmaterials: Brick
  • flooring: Carpet, Laminate, Vinyl
  • heating: Heat Pump
  • numberofunitstotal: 12
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • interiorfeatures: Granite Counters, Kitchen/Dining Combo, Laminate Counters, Pantry, Remodeled
  • exteriorfeatures: Rolling Slope, Level, Balcony, Front Porch
  • architecturalstyle: Other
  • patioandporchfeatures: Porch
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.46527, 36.54397
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Choice Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"burnettejr.john@yahoo.com", "ListBrokerageCity":"Johnson City", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Choice Realty", "ListBrokeragePhone":"(423) 283-8560", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":"Suite 204", "ListBrokerageUnparsedAddress":"1604 Lamons Lane", "ListBrokerageWebsiteUrl":"http://www.choice-realty.com", "ListOfficeAddress1":"4391 Greenwood Drive", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"3434", "ListOfficeCity":"Jonesborough", "ListOfficeCountry":"US", "ListOfficeEmail":"rick@choice-realty.com", "ListOfficePostalCode":"37659", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"Townhouse, Multi Family - Kingsport, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/105-Lemay-Dr_Kingsport_TN_37664_M96572-59540?f=listhub&s=TVARMLS&m=9973412&c=rexren", "MLSModificationTimestamp":"2024-11-21T15:04:31Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":0, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/18/2024 4:08:59 PM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: John Burnette, Jr., Choice Realty, burnettejr.john@yahoo.com

Copyright © 2024 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.