1433 Stratford Road

Kingsport, TN 37664

$1,225,000
Price
8
Beds
5
Baths
6,750 Sq. Ft.
$181 / Sq. Ft.
6,750
Sq. Ft.
$181
per Sq. Ft.

Description

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 the 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. The property is currently 100% occupied with monthly rents totaling $9910 with opportunity...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 the 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. The property is currently 100% occupied with monthly rents totaling $9910 with opportunity to increase. All units electricity is 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. Please contact agents to schedule a showing. Do NOT disturb tenants or visit property without prior approval.
  1. Listed by Kunal Patel • SVN Accel Commercial Real Estate
  2. Listed by Brian Truman • SVN Accel Commercial Real Estate

Property Details for 1433 Stratford Road

Subdivision Name
Green Valley Manor Sec 1
View
Bluff, Valley
Waterfront
No

Location

Listing Courtesy of SVN Accel Commercial Real Estate, Kunal Patel (731.613.5487); SVN Accel Commercial Real Estate, Brian Truman (615.260.2121)
Add your commute
LISTING UPDATED: 02/13/2024 01:02 PM

Property Details for 1433 Stratford Road

StatusActive
MLS #2618863
Days on Market92
Taxes$5,946 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size-
CountySullivan County

Location

Listing Courtesy of SVN Accel Commercial Real Estate, Kunal Patel (731.613.5487); SVN Accel Commercial Real Estate, Brian Truman (615.260.2121)
Add your commute

Building Information for 1433 Stratford Road

Stories2Residences11Year Built1971Building Size-Lot Size-

Payment Calculator

$7,181 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,685

Property Taxes

$496

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1433 Stratford Road

Summary
Location and General Information
  • Directions: 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. Drive to Stratford Rd
  • Elementary School: Andrew Johnson Elementary School
  • High School: Dobyns - Bennett High School
  • Levels: Two
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Ross N. Robinson Middle School
  • Mlg Can View: Yes
  • Zoning: R3
Parking
  • Garage Spaces: .00
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Vinyl
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 062P G 01000 000
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Brick
  • Documents Count: 1
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Stories: 2
  • Year Built Details: EXIST
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
  • Laundry Features: Share
Exterior Features
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Unit 1
  • Unit Type Actual Rent: $1,250.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $775.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Actual Rent: $955.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental Information
Rental Information
  • Total Actual Rent: $3,930

Property History for 1433 Stratford Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1433 Stratford Road

Taxable ValueLand$5,240Additions$129,760Total$135,000
Home Facts
Total Finished SqFt10,430 SqFtAbove Grade Finished SqFt6,750 SqFtFinished Basement SqFt3,680 SqFtStories2Lot Size3,702,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1971Year Renovated1976CountySULLIVANAPN082062P G 01000

Schools near 1433 Stratford Road

This home is within Kingsport School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Johnson Elementary School
PublicPK to 5

Robinson Middle School
Public6 to 8

Dobyns - Bennett High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1433 Stratford Road is a multi-family home for sale in Kingsport, TN 37664. This property was listed for sale on January 12, 2024 by SVN Accel Commercial Real Estate, it's currently listed at $1,225,000. It has been on the market for a total of 92 days and was last sold on March 18, 2022. This listing's school district is Kingsport School District. Nearby schools include Johnson Elementary School, Robinson Middle School and Dobyns - Bennett High School. 1433 Stratford Road is a 8-bed, 5-bath, 6,750 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SVN Accel Commercial Real Estate, Kunal Patel (731.613.5487); SVN Accel Commercial Real Estate, Brian Truman (615.260.2121)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 02/13/2024 01:02 PM