Mixed use building with 3 apartments and 3 offices. The 3 apartments were remodeled 4 years ago and are occupied / leased. New leases were signed at change of ownership in November of 2023. One of the offices is leased at and the other two have been updated / refreshed to vanilla boxes that are currently listed at $700 and $800. There is additional utility / management space on the side separate from all units. All windows, siding, and roof has were replaced approximately 4 years ago. Both water heaters are 5 years old. Electric upgrades were done in the commercial units. All leases are currently gross leases because water heaters in unit 4 and 6 supply other units. Units could be added to allow for individual water heaters. At $365, 000 with 75% vacancy it has a 7%+ cap rate with current expenses. For more details: https://realtyww.info/homes_kingsport-d524313/for-sale_i74848027
Extra Information for 105 Brookfield Dr Kingsport, TN
- Seller Type:
- Category: Single-Family Houses
- Listed Date: Aug 10, 2024
