921 Chadwick Drive, Kingsport, TN 37660

$960,000
: 12,906
SqFt

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List Price: $960,000
MLS#: 1350013
Status: ACTIVE
Type: Single Family Residential
City: Kingsport
County: Sullivan
Living Area: 12,906
Year Built: 1971

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Property Description

This 16-unit multifamily portfolio is located across four buildings in Kingsport, Tennessee. The portfolio consists of twelve 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units. Recent capital improvements include the replacement of two roofs along with select interior unit upgrades. There are currently six vacancies and those units are undergoing renovations. With opportunities for continued renovations and rent increases, this value-add portfolio presents investors with the opportunity to enhance the property's overall performance. Conveniently located with access to major employers, healthcare, retail, and regional transportation corridors, this portfolio presents an excellent opportunity to acquire a scalable multifamily investment with both in-place income and long-term appreciation potential. This portfolio is located in Kingsport, TN which is anchored by major employers including Eastman Chemical Company and Ballad Health, providing a strong and stable employment base. The area offers convenient access to a range of retail, dining, and recreational amenities, along with proximity to the Tri-Cities region, supporting continued residential demand. Addresses Include: 921 Chadwick Drive, Kingsport, TN 37660, 929 Chadwick Drive, Kingsport, TN 37660, 933 Chadwick Drive, Kingsport, TN 37660, 941 Chadwick Drive, Kingsport, TN 37660

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