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105 Lemay Drive, Kingsport, TN 37664

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For Sale

$1,200,000

5,673 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $211.53
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Welcome to this 12-unit apartment complex with all units being 1 bedroom, 1 bath. Ideally located in a thriving community with convenient access to local amenities, parks, and transportation. Just minutes from downtown Kingsport, Blountville, and Bristol, this property offers a prime location for residents. Most of all the units have been upgraded with modern finishes, including granite countertops in the kitchens and bathrooms, updated kitchen cabinets with ample storage and pantry space, and durable Luxury Vinyl Plank (LVP) flooring throughout. Additionally, the units feature fresh, new paint, giving each space a bright, inviting feel. New heating and cooling units, along with energy-efficient hot water heaters, ensure year-round comfort and cost-effective living. Recent exterior improvements include a new roof installed in November 2023, providing peace of mind and long-term protection from the elements. With a gross revenue of $8,500.00 and stable, long-term tenants, this property presents an excellent investment opportunity. Rents are still below market value, offering significant potential for future growth. This turn-key property, with most units upgraded and tenant stability in place, offers minimal maintenance and maximum profitability for investors seeking strong, consistent returns. Call me or your Agent for more information today.
MLS# 9973412

Courtesy Of Choice Realty

(423) 283-8560

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Porch
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Cooling System
    Wall Unit(s) A/C
  • Exterior Type
    Brick
  • Floor Covering
    Carpet, Laminate, Vinyl
  • Heating System
    Heat Pump
  • Lot Size
    0.5 Acres

Map and Directions

Directions to 105 Lemay Drive, Kingsport, TN 37664

Home seller CENTURY 21 Legacy

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Legacy

(423) 282-1885
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Mortgage Calculator

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Monthly Payment Breakdown

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Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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