MIDDLE TENNESSEE REAL ESTATE MIDDLE TENNESSEE REAL ESTATE
1433 Stratford Rd TN 37664 For Sale -
1433 Stratford Rd TN 37664 For Sale - 1
1433 Stratford Rd TN 37664 For Sale - 2
1433 Stratford Rd TN 37664 For Sale - 3
1433 Stratford Rd TN 37664 For Sale - 4

1433 Stratford Rd, Kingsport, TN 37664 For Sale

$1,250,000

  • 6,750 sq ft

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 / 1BA All 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 Details

  • Status : Active

  • Address : 1433 Stratford Rd Kingsport TN 37664

  • County : Sullivan County, TN

  • Property Type : Residential Income

  • Area : 6,750 sq. ft.

  • Year Built : 1971

  • Exterior Construction : Brick

  • Floors : Other

  • Heat : Central

  • HOA / Subdivision : Green Valley Manor Sec 1

  • Listing Provided by : SVN Accel Commercial Real Estate

  • MLS Status : Active

  • Listing # : RTC3130337

  • Schools near 1433 Stratford Rd, Kingsport, TN 37664 :

  • Andrew Johnson Elementary School, Ross N. Robinson Middle School, Dobyns - Bennett High School

Additional details

  • Heating : Yes

  • Building Area Total : 6750 Sq. Ft.

  • Lot Size Dimensions : 84 X 226.9 IRR

  • Living Area : 6750 Sq. Ft.

  • Property Attached : Yes

  • Office Phone : 6156714544

  • Possession : Close Of Escrow

  • Cooling : 1

  • Levels : One

  • Stories : 2

  • Utilities : Water Available

  • Sewer : Public Sewer

Location 1433 Stratford Rd, TN 37664

Directions to 1433 Stratford Rd, TN 37664

From Nashville Get on I-40 E/I-65 S, Follow I-40 E and I-81 N to TN-36 N/Fort Henry Dr in Kingsport. Take exit 59 from I-81 N, Continue on TN-36 N/Fort Henry Dr to your destination.

Schools near 1433 Stratford Rd, TN 37664

1433 Stratford Rd, TN 37664 has the following schools close to it:

Battle Creek Middle School is a community where the focus is personal growth and excellence.

More about Battle Creek Middle School

Battle Creek Elementary is an innovative collaborative community where all learning is connected to solving real world problems using communication, creativity, critical thinking, and character building. 

More about Battle Creek Elementary School

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