105 Lemay Drive, Unit LOT 9 & M/PT LOT 11

Kingsport, TN 37664

$1,200,000
Price
24
Beds
5,673 Sq. Ft.
$212 / Sq. Ft.
5,673
Sq. Ft.
$212
per Sq. Ft.

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.
  1. Listed by John Burnette, Jr. • Choice Realty

Property Details for 105 Lemay Drive, Unit LOT 9 & M/PT LOT 11

Architectural Style
Townhouse
Zoning
R 2A
Subdivision
E 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

StatusActive
MLS #9973412
Days on Market6
Taxes$3,100 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Multi Family
Year Built1977
Lot Size0.50 AC / 21,780 SF
CountySullivan 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

Summary
Location and General Information
  • City: Kingsport
  • County: Sullivan
  • Directions: From John B Dennis Hwy 93, take the Memorial Blvd ext. Take 126 east towards Interstate 81. Go about 3 miles, then right on Lemay Drive, Unit complex on the right.
  • Latitude: 36.54
  • Longitude: -82.47
  • Postal Code: 37664
  • State Or Province: TN
  • General Property Description : Zoning: R 2A
Taxes and HOA Information
  • Association: No
  • Parcel Number: 048p B 006.00
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: 0
  • Location Tax Legal Info : Deed Page: 12/5
  • Location Tax Legal Info : City Taxes: $.00
  • Location Tax Legal Info : County Taxes: $3,100.15
  • Location Tax Legal Info : Block: A/9
School Information
  • High School: West Ridge
  • Middle Or Junior School: Sullivan Central Middle
  • Elementary School: Indian Springs
Parking
  • Attached Garage: No
Property
Lot Information
  • Lot Size Dimensions: 100 x 250 IRR
  • Lot Size Square Feet: 21,780.00
  • Lot Size Acres: 0.5
  • Lot Features: Rolling Slope, Level
  • Lot Size Area: .50
  • Lot Size Units: Acres
  • Building Area Total: 5,673.00
  • General Property Description : Acres: .50
Property and Assessments
  • Property Condition: Above Average, Updated/Remodeled
  • Property Type: Multi Family
  • Year Built: 1977
  • Property Sub Type: Multi Family
  • Property Type Label: Multi Family
  • New Construction: No
Utilities
  • Utilities: Electricity Connected, Phone Connected, Water Connected, Cable Connected
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • # Fireplaces: 0
  • Cooling: Wall Unit(s)
  • Foundation Details: Block
  • Interior Features: Granite Counters, Kitchen/Dining Combo, Laminate Counters, Pantry, Remodeled
  • Bathrooms Total Decimal: .00
  • Flooring: Vinyl, Carpet, Laminate
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • Levels: Three Or More
  • General Property Description : Stories: 3
  • Fireplace: No
  • Appliances: Electric Range, Refrigerator
Exterior Features
  • Exterior Features: Balcony
  • Construction Materials: Brick
  • Parking Features: Asphalt
  • Patio And Porch Features: Front Porch
  • Window Features: Double Pane Windows, Insulated Windows, Window Treatments
  • Heating : Heat Pump: Heat Pump, Wall Furnace
  • Senior Community: No
  • Walls : Drywall: Yes
  • Exterior Finish : Brick: Yes
Multi Family
Multi-Family Information
  • General Property Description : # of Units: 12.00
  • General Property Description : Total Units: 12.00
Income & Expenses Information
  • Operating Expense Includes: Property Management, Electric, Lawn Maint, Water/Sewer
Unit 1
  • Unit 1 : # Units: 12
  • Unit 1 : # Half Baths: 0.0
  • Unit 1 : # Bedrooms: 12
  • Unit 1 : SqFt: 5673
  • Unit 1 : Monthly Rent: 75000
Unit 2
  • Unit 2 : # Units: 12
Unit 3
  • Unit 3 : # Units: 12
Unit 4
  • Unit 4 : # Units: 12
  • Unit 4 : # Bedrooms: 12
  • Unit 4 : Half Baths: 0.0

Property History for 105 Lemay Drive, Unit LOT 9 & M/PT LOT 11

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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105 Lemay Drive, Unit LOT 9 & M/PT LOT 11 is a multi-family home for sale in Kingsport, TN 37664. This property was listed for sale on November 13, 2024 by Choice Realty, it's currently listed at $1,200,000. This listing's school district is Sullivan County School District. Nearby schools include Indian Springs Elementary School, North Middle School and Sullivan Central High School. 105 Lemay Drive, Unit LOT 9 & M/PT LOT 11 is a 24-bed, 0-bath, 5,673 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Choice Realty, John Burnette, Jr. (423.677.9220)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 11/13/2024 05:45 PM