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Tina Wiebe

tina.wiebe@engelvoelkers.com +1(865) 360-8556

$ 960,000

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921 Chadwick DR Kingsport, TN 37660

12,906 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,906 sqft

Price per Sqft $74

Subdivision Plaza Hts Sub

MLS Listing ID 1350013

Year Built 1971

Lot Dimensions 70X235.59

Source East Tennessee REALTORS® MLS

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

Location

State TN

County Sullivan County

Rooms

Other Rooms Mstr Bedroom Main Level

Interior

Heating Central, Natural Gas

Cooling Central Cooling

Flooring Hardwood, Tile

Appliance Dishwasher, Range, Refrigerator

Heat Source Central, Natural Gas

Exterior

Exterior Feature Balcony

Parking Features Off-Street Parking, On Premise Parking

Garage Description Off-Street Parking, On Premise Parking

Roof Type Metal, Shingle

Porch true

Garage No

Building

Faces From Lynn Garden to left on Tranbarger to right on Chadwick.

Structure Type Brick

Others

Tax ID 029L C 019.00

Energy Description Gas(Natural)

Acceptable Financing New Loan, Cash, Conventional

Listing Terms New Loan, Cash, Conventional

Listed by PWA Properties

NEARBY SCHOOLS & PROPERTIES

Tina Wiebe

Advisor | License ID: 321004

+1(865) 360-8556

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