Multi-Family, Other

duplex for sale

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Listed: 02/13/23

3800 Memorial Boulevard, Fox Run, Kingsport, TN 37664, USA

Studio Bed:

1 Bath:

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Price

$ 2,15M

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About This Duplex

This well positioned, value-add multifamily community is located just 10 minutes from the heart of downtown Kingsport. There are 7 buildings with a total of 27 units. 22 of the units are studio apartments with 1 bath and 1 large closet. In 2020, roofs were replaced and exteriors were painted. Last year, 8 of the studio apartments were renovated. Three of the remodeled units are currently rented as short term rentals. The buyer will be able to add value by continuing to renovate and increase rents while also implementing RUBs for additional income.

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Duplexes for sale in Kingsport

Kingsport Housing & Living

Household Income

Median household income: $39,135

Number of households: 23,478

The average household income in Kingsport, TN declined from $39,463 to $39,135 in the past year. This data is an estimate based upon 23,478 households in Kingsport, TN.
The chart below presents how household income is distributed in Kingsport, TN in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Kingsport, TN compared to median property taxes around the country. The prevalent amount of property taxes in Kingsport, TN equals $800-$1,500 , which is less than the national average.