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About This Home
This 10-bedroom, 8-bathroom single family at 4006 Memorial Boulevard in Kingsport, TN is listed for $425,000 ($105 per sqft). Built in 1947, the home offers 4,045 sqft of living space on a 1.28 acres lot.
This investment property--including two buildings and seven units--offers immediate rental income. At full capacity, this property provides an 8.7% cap rate and enough land to further develop and add more units for additional future income. With the TDOT road improvements on Hwy 126, the approximate boundary lines already show the new property borders which will change the traffic patterns for the better after the road modifications.
Between an unfinished basement and a garage workshop, you'll also have plenty of storage space on site for anything needed for property management. Features to note include a 2yr old metal roof on Building 2, a 5yr old metal roof on Building 1, some plumbing and electrical updates, remodeling in process in 2 vacant units, and current tenants with good rental history.
Whether you're already an investor or just stepping into the rental market, this property offers the unique position for established income with growth potential for more. Sale includes both parcels 062C E 017.00 and 062C E 018.00. Buyer(s)/buyer(s) agents to verify all information.
Key Features
- Built in 1947
- 1.28 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,273/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4006 Memorial Boulevard
Kingsport, TN 37664
Not In Subdivision
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 10-bedroom, 8-bathroom single family at 4006 Memorial Boulevard is listed at $425,000 ($105/sqft). The estimated monthly payment is $1,842 based on 20% down at 6.5% interest.
Key features include: Built in 1947, 1.28 acre lot.
This property is listed by Abigail Weaver and can be reached at 4233353937 or abigailwrealtor@gmail.com.
