Einas Alghunaim
BEDS0
BATHS
SQUARE FEET6,750
MLS#3130337
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGreen Valley Manor Sec 1
Property Description
SVN | Accel Commercial Real Estate is pleased to present Magnolia Ridge Apartments, an 11-unit multifamily investment opportunity located at 1433 Stratford Road in Kingsport, Tennessee. This fully renovated and stabilized asset offers immediate in-place cash flow with continued upside through future rent growth in a market experiencing strong demand and limited multifamily inventory.Magnolia Ridge features a balanced unit mix of:(1) 3BR / 2BA(4) 1BR / 1BA(6) 2BR / 1BAAll units are separately metered for electricity, with water and trash billed back to tenants, providing operational efficiency and expense recovery. Ownership has invested approximately $250,000+ in capital improvements, delivering a true turnkey opportunity. Renovations include new flooring, fixtures, appliances, interior and exterior paint, upgraded electrical and plumbing systems, water heater replacements, windows, patio doors, pavement improvements, enhanced site lighting, security cameras, gutter guards, and full bathroom upgrades.With major capital improvements completed and the asset stabilized, Magnolia Ridge presents investors with a low-maintenance opportunity featuring durable cash flow and embedded rental upside in a supply-constrained Tri-Cities market.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 84 X 226.9 IRR
Stories: 2.0
Taxes: $10,315
Year Built: 1971
Feature Descriptions
Days on Site: 62
Exterior: Brick
Flooring: Other
Lot Dimensions: 84 X 226.9 IRR
Parcel#: 062P G 01000 000
Sewer: Public Sewer
Units: 11
Utilities: Water Available
Water: Public
Local Schools
High School: Dobyns - Bennett High School
Middle School: Ross N. Robinson Middle School
Elementary School: Andrew Johnson Elementary School
Listed By / Shown By
Listed By
Agency Name: SVN Accel Commercial Real Estate
Agency Phone: 6156714544
Shown By
Agent Name: Einas Alghunaim
Agent Phone: (731) 326-0050
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 859.58 per month $0.00 Principal & Interest $859.58 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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1433 Stratford Rd | MLS# 3130337
This multi-family property located at 1433 Stratford Rd , Kingsport, TN 37664 is currently listed for sale with an asking price of call for price. Search Kingsport real estate on einashomes.crye-leike.com today.