105 Lemay Drive, Unit LOT 9 & M/PT LOT 11
$1,200,000
24
5,673
5,673
$212
Description
Welcome to this 12-unit apartment complex, 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 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....Welcome to this 12-unit apartment complex, 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 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.
- Listed by John Burnette, Jr. • Choice Realty
Property Details for 105 Lemay Drive, Unit LOT 9 & M/PT LOT 11
Architectural Style
Townhouse
ZoningR 2A
SubdivisionE B Mays Add To Vermont
LISTING UPDATED: 11/13/2024 05:45 PM
Property Details for 105 Lemay Drive, Unit LOT 9 & M/PT LOT 11
Status | Active |
---|---|
MLS # | 9973412 |
Days on Market | 6 |
Taxes | $3,100 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Multi Family |
Year Built | 1977 |
Lot Size | 0.50 AC / 21,780 SF |
County | Sullivan County |
Building Information for 105 Lemay Drive, Unit LOT 9 & M/PT LOT 11
Stories3Residences-Year Built1977Building Size-Lot Size0.50 AC / 21,780 SF
Property Information for 105 Lemay Drive, Unit LOT 9 & M/PT LOT 11
Property History for 105 Lemay Drive, Unit LOT 9 & M/PT LOT 11
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 105 Lemay Drive, Unit LOT 9 & M/PT LOT 11
This home is within Sullivan County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Indian Springs Elementary School PublicPK to 5 | ||
North Middle School Public6 to 8 | ||
Sullivan Central High School Public9 to 12 | ||
Sullivan North High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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