- For Sale $1,225,000
- Property Type Multi-Family
- Property Size 6,750 SF
- Units 11
- Lot Size 0.44 Acre
- Year Built 1971
- Year Renovated 2023
- Date Updated Apr 23, 2024
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Highlights
- Below market rents
- $150k in Capex: Flooring, Fixtures, Appliances, Painting, Security Cameras & Equipment, Pavement Upgrades, Upgraded Bathrooms (vanities/ toilets/ tubs/mirrors), Lighting, Plumbing.
- Seller is in the process of replacing all windows, all patio doors (french doors), gutter guards and painting exterior.
- 11 units with opportunity to acquire a total of 22
False
Contacts
Location
Getting Around
-
Walk Score ®
22/100 Car-Dependent -
Bike Score ®
11/100 Somewhat Bikeable
- City Kingsport, TN
- Neighborhood Litz Manor
- Zip Code 37664
Points of Interest
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Kingsport Depot
3.24 miles
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Murphy Express
0.93 miles
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Shell
1.61 miles
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Kroger
1.63 miles
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Exxon
1.66 miles
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BP
2.68 miles
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Marathon
2.72 miles
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Mobil
2.74 miles
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Shell
2.83 miles
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Shell
3.42 miles
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Conoco
4.39 miles
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Car parking
3.48 miles
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Truck parking
3.51 miles
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Netherland Inn Parking
5.06 miles
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Red Roof Inn
1.60 miles
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Holiday Inn Express & Suites
2.53 miles
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Motel 6
2.89 miles
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Comfort Suites Kingsport
2.99 miles
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Quality Inn
3.11 miles
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Hampton Inn Kingsport
3.13 miles
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MeadowView Conference Resort and Convention Center
3.32 miles
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MeadowView Conference Resort
3.32 miles
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Super 8
3.68 miles
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Motel 6
4.16 miles
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Italian Village Authentic Pizzeria
0.71 miles
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Domino's
0.89 miles
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Bojangles'
0.91 miles
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Subway
1.08 miles
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Pal's
1.11 miles
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Burger King
1.14 miles
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Ming Garden
1.16 miles
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Johnny Brusco's Pizza
1.39 miles
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The Chop House
1.40 miles
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Braeden's Barbeque
1.41 miles
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Dickson Elementary School
0.75 miles
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Ross N Robinson Junior High School
0.81 miles
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Andrew Johnson School
1.15 miles
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Thomas Jefferson Elementary School
1.26 miles
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Dobyns-Bennett High School
1.28 miles
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Palmer Early Learning Center
1.41 miles
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Saint Dominics School
1.76 miles
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Abraham Lincoln Elementary School
1.98 miles
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Douglas High School
2.56 miles
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Sullivan North High School
2.59 miles
Frequently Asked Questions
What is the lease rate for Magnolia Ridge?
Rental asking rate at Magnolia Ridge is $612,500.00/YR.
What is the total square footage of Magnolia Ridge?
Magnolia Ridge totals 6,750 square feet.
When was this property built?
Magnolia Ridge was built in 1971.
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