1. Tennessee
  2. Kingsport
  3. 105 Lemay Drive
$1,200,000

105 Lemay Drive, Kingsport, TN 37664

  • 5,673 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon0.5acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $212/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Active
Date Added:
June 27, 2025 at 05:00AM
Listing Office:
Choice Realty : 423-283-8560
Listing Agent:
John Burnette, Jr. : 423-677-9220
MLS ID:
9982363
  • General: Granite CountersKitchen/Dining ComboLaminate CountersPantryRemodeled
  • Appliances: Electric RangeRefrigerator
  • Flooring: VinylCarpetLaminate
  • A/C: Wall Unit(s)
  • Heating: Heat PumpWall Furnace
  • Fireplace: Fireplaces: 0

This listing courtesy of John Burnette, Jr., Choice Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

I

Indian Springs Elementary School

333 Hill Rd, Kingsport, TN, 37664

Grades KG-5

2.35 miles away

S

Sullivan Heights Middle School

, Kingsport, TN, 37660

Grades 6-8

2.26 miles away

W

West Ridge High School

, Blountville, TN, 37617

Grades 9-12

6.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.