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1701 John B Dennis Highway

Kingsport, TN 37664
  • $4,950,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 9946906
UPDATED: 40 min ago
$4,950,000
  • 0
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,804
    SQFT
  • $227
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Information

Elementary School:
Middle School:
High School:

Description

Large Portfolio of 3 well maintained and well taken care apartment complexes totaling 68 units to add to your investment portfolio! Why lose money in the stock market when you can invest here and get a 12 -13% return on your investment based off of proforma rents!! Seller is increasing rents to support proforma rents as tenants move out and are re-rented. TONS of capital improvements throughout including new windows, LVT, new carpet, granite, heat pumps replaced as needed, new blacktop, roofs approximately 7 years old, etc. Limited walkthroughs will be permitted.Wednesday Jan 4th 10am for 34 unitsWednesday Jan 4th 12pm for 21 unitsTuesday January 10th 10am for 13 unitsSale includes 3 properties:1701 N John B Dennis 722 Old Stage Rd 216-218-220 Colonial Heights Call today for any additional informationbuyer/buyer's agent to verify

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© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-01-29T19:00:08.72.
www.conservusrealestategroup.com/homes/135695537
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1701 John B Dennis Highway Kingsport, TN 37664

  • Price: $4,950,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 40 min ago
  • MLS #: 9946906
0
Beds
0
Baths
0
½ Baths
5
Acres
21,804
SQFT
$227
$/SQFT
1964
Built
Neighborhood:
Not In Subdivision
County:
Sullivan
Elementary School:
Johnson
Middle School:
Robinson
High School:
Dobyns Bennett
Property Description
Large Portfolio of 3 well maintained and well taken care apartment complexes totaling 68 units to add to your investment portfolio! Why lose money in the stock market when you can invest here and get a 12 -13% return on your investment based off of proforma rents!! Seller is increasing rents to support proforma rents as tenants move out and are re-rented. TONS of capital improvements throughout including new windows, LVT, new carpet, granite, heat pumps replaced as needed, new blacktop, roofs approximately 7 years old, etc. Limited walkthroughs will be permitted.Wednesday Jan 4th 10am for 34 unitsWednesday Jan 4th 12pm for 21 unitsTuesday January 10th 10am for 13 unitsSale includes 3 properties:1701 N John B Dennis 722 Old Stage Rd 216-218-220 Colonial Heights Call today for any additional informationbuyer/buyer's agent to verify
Exterior Features

Exterior Finish BrickStone VeneerVinyl Siding Lot Dimensions 515X535x467x318 Porch Patio Deck Deck Style 2 Story Topography Lot Description LevelRolling Slope Walls Drywall Window Features Double Pane Windows

Interior Features

Ac Central AirHeat Pump Heating CentralHeat Pump

Property Features

Auction No City Taxes 7011.64 County Taxes 8442.87 Easements None Existing Finance Conventional Expenses Include All ServicesAll UtilitiesProperty InsuranceRepairs And Maint Financing CashConventional Foreclosure No Property Condition Above AverageAverage Property Sub Type Multi-Family Sewer Public SewerSeptic Tank Short Sale No Water Private Zoning Commercial

Listing information © 2023 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Laura Meade of Bridge Pointe Real Estate Jonesborough: (423) 482-9616.



© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-01-29T19:00:08.72.
 
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Conservus Real Estate Group
402 East Main Street
Kingsport TN, 37660