Magnolia Ridge

1433 Stratford Road, Kingsport, TN 37664

  • For Sale $1,175,000
  • Property Type Multi-Family
  • Property Size 6,750 SF
  • Units 11
  • Lot Size 0.44 Acre
  • Additional Rent Contact for pricing
  • Year Built 1971
  • Year Renovated 2023
  • Date Updated Jun 25, 2024
Located along the Tennessee and Virginia border - Kingsport, TN is a rapidly growing city in East Tennessee known as the Tri-Cities. A U-Haul Growth Index examining one-way customer moves throughout 2023 placed Tennessee as the No. 5 growth state in the U.S., with the Tri-Cities named as a “notable net-gain market.” Furthermore, one-year population growth in Northeast Tennessee reached levels last year — 6,275 people — that it hadn’t seen in a quarter century, U.S. Census data shows. That’s more than the entire period from 2010 through 2019 when the seven-county region grew by just 5,891 people. Kingsport is located in Sullivan county which is the largest county in the Kingsport-Bristol MSA at 160,000 residents.SVN | Accel Commercial Real Estate is pleased to bring to market an 11 unit opportunity in Kingsport, TN. This property allows an investor to take advantage of the rapid growth in this region with little inventory coming to market and demand from incoming residents continuing to rise. There are 11 units with a mix consisting of 1 unit - 3 bed 2 bath, 4 units - 1 bed 1 bath, and 6 units - 2 bed 1 bath. All units are separately metered, water and trash is shared with the adjacent property and is billed back to the tenants. The adjacent property is identical and is also for sale allowing the new owner to combine the two properties to acquire a total of 22 units.

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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

Contacts

broker

Brian Truman

SVN | Accel Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    22/100 Car-Dependent
  • Bike Score ®

    11/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Kingsport, TN
  • Neighborhood Litz Manor
  • Zip Code 37664

Points of Interest

  • Kingsport Depot

    3.24 miles

  • Murphy Express

    0.93 miles

  • Shell

    1.61 miles

  • Kroger

    1.63 miles

  • Exxon

    1.67 miles

  • BP

    2.68 miles

  • Marathon

    2.72 miles

  • Mobil

    2.74 miles

  • Shell

    2.83 miles

  • Shell

    3.42 miles

  • Conoco

    4.39 miles

  • Car parking

    3.48 miles

  • Truck parking

    3.51 miles

  • Netherland Inn Parking

    5.06 miles

  • Red Roof Inn

    1.60 miles

  • Holiday Inn Express & Suites

    2.53 miles

  • Motel 6

    2.89 miles

  • Comfort Suites Kingsport

    2.99 miles

  • Quality Inn

    3.11 miles

  • Hampton Inn Kingsport

    3.13 miles

  • MeadowView Conference Resort and Convention Center

    3.32 miles

  • MeadowView Conference Resort

    3.32 miles

  • Super 8

    3.68 miles

  • Motel 6

    4.16 miles

  • Italian Village Authentic Pizzeria

    0.71 miles

  • Domino's

    0.89 miles

  • Bojangles'

    0.91 miles

  • Subway

    1.08 miles

  • Pal's

    1.11 miles

  • Burger King

    1.14 miles

  • Ming Garden

    1.16 miles

  • Johnny Brusco's Pizza

    1.39 miles

  • The Chop House

    1.40 miles

  • Braeden's Barbeque

    1.41 miles

  • Dickson Elementary School

    0.75 miles

  • Ross N Robinson Junior High School

    0.81 miles

  • Andrew Johnson School

    1.15 miles

  • Thomas Jefferson Elementary School

    1.26 miles

  • Dobyns-Bennett High School

    1.28 miles

  • Palmer Early Learning Center

    1.41 miles

  • Saint Dominics School

    1.76 miles

  • Abraham Lincoln Elementary School

    1.98 miles

  • Douglas High School

    2.56 miles

  • Sullivan North High School

    2.59 miles

Frequently Asked Questions

How much does Magnolia Ridge cost?

The space currently listed for sale at Magnolia Ridge asks for $1,175,000.

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.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Brian Truman

SVN | Accel Commercial Real Estate