Active

3183 Tiffany Court

Kingsport, TN 37663

$4,500,000 $18,972/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

0.70

Acre(Lot)

Description

Please note information in fields are based off Duplex Tax Parcel number 106H B 025.00. Scroll to bottom for totals. Rare opportunity to acquire a 38-unit multifamily portfolio consisting of multiple apartment buildings, townhomes and brick duplexes, along with additional land offering potential for future development and increased income. The portfolio includes two 8-unit apartment buildings, a 6-unit building, 12 townhouse-style units, and 4 address 2 brick duplex units, providing a diverse mix of rental options. The two 8-unit buildings, located at addresses 1001 through 1015 and 1017 through 1031, offer a combination of one- and two-bedroom apartments. The two-bedroom units feature 1.5 baths. The 6-unit property at Tiffany Court, addresses 3152 through 3162, provides additi onal rental opportunities. Unit 3160 is currently being utilized for storage but could potentially be converted back to an income-producing apartment, subject to any applicable approvals or requirements. The 12-unit townhouse property at Tiffany Court, addresses 3101 through 3123, features 2-bedroom, 1.5-bath townhouse-style units. Water is not included in the rent for these units. Completing the portfolio are the brick duplex units located at Tiffany Court, addresses 3183, 3185, 3187, and 3189, situated toward the rear of the property with a circle driveway. These units feature metal roofs and 1 bathroom per unit. The duplexes are the only units in the portfolio served by septic systems rather than city sewer, and water is not included in their rent. Currently, units at addresses 3154 and 3185 are occupied by family and are not producing rental income, creating additional potential for a future owner to increase gross rental income. Adding even more value to this offering are one vacant land/development areas included with the sale, providing potential opportunities for additional units and future income, subject to zoning, permitting and governmental approval. The portfolio encompasses approximately 34,335 square feet of building space based on available property information, plus additional land. With 38 existing units, multiple building types, additional income potential from currently non-producing units, and land offering possible future development, this is an opportunity for an investor to acquire a substantial multifamily portfolio in one transaction. Property is being offered and sold as one multifamily investment portfolio. Buyer/Buyer's Agent to verify all information, including square footage, unit counts/configurations, utilities, septic/sewer, zoning, development potential, taxes, rental information and any other information deemed important. Parcel 06A C 001.60 -- Vacant land/development area -- approximately 0.82 acre Parcel 106A C 001.50 -- addresses 1001 through 1015 -- 8 units Parcel 106A C 001.40 -- addresses 1017 through 1031 -- 8 units Parcel 106H B 021.00 -- addresses 3152 through 3162, Tiffany Court -- 6 units Parcel 106H B 030.00 -- addresses 3101 through 3123, Tiffany Court -- 12 townhouse units Parcel 106H B 025.00 -- addresses 3183, 3185, 3187, and 3189, Tiffany Court -- 4 duplex units Total annual property taxes: $29,161.22 Approximate total building area: 34,335 square feet

Property Details

Property Type : Residential Income

Price : $4,500,000

AD Id : 90037420

MLS Id : 9999992

Lot Size : 0.70 Acre

Year Built : 1978

County : Sullivan

Subdivision: Juno Terrace

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Vinyl, Carpet, Laminate
Roofing Information

Metal
Interior Features

Roof: Metal Appliances: Dishwasher, Electric Range, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Heat Pump Has Cooling: Yes Cooling: Heat Pump

Building Information

Year Built: 1978 Building Area Total: 3800 Construction Materials: Brick Private Pool: No View: Mountain(s)

Lot Information

Lot Dimensions: 30492 Main Square Feet: 0.7 Acres Lot Size Acres: 0.7 Lot Size Square Feet: 30492

Property Information

Subdivision: Plantation Manor Source Property Type: Residential Income Property SubType: Duplex Levels: One Property Age: 48

Listing Price Information

Listing Price: $4500000

Tax Information

Parcel Number: 106h B 025.00

Parking Information

Driveway, Circular Driveway

Homeowners Association Information
Association Amenities: Landscaping

School Information

Elementary School: John Adams

Junior High School: Robinson

Senior High School: Dobyns Bennett
Location Information

Direction: From Downtown Kingsport : Fort Henry Dr/Tn 36 follow ft Henry Dr S toward Colonial Heights. Turn Right on Lebanon Rd then make a Right on Kendrick Creek Rd (two of the buildings are on the Left on Kendrick Creek) then turn Left on Tiffany Ct Two Buildings on Left one Building on Right and Duplexs WaterSource: Public Security Features: Smoke Detector(s)

Sell a home like this and save $269,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Similar Multifamily To 3183 Tiffany Court

Nearby For Sale

3183 Tiffany Court

Property Details

Map

What's Nearby

Nearby Areas

Features

Interior Features

Exterior Features

Property / Lot Details

Listing Information

Taxes / Assessments

Virtual Tour, Parking, Multi-Unit Information & Homeowners Association

School, Utilities & Location Details

How much is this property worth?

Similar Multifamily To 3183 Tiffany Court

More Cities with for Sale by Owner Homes

Homes around $4,500,000

Tour with a ByOwner Agent

Verify Your Email

Verify Your Phone Number