2008 Bloomingdale Road, Kingsport, TENNESSEE

About 2008 Bloomingdale Road

6-Unit Multifamily Investment Opportunity in Kingsport Investor special! This 6-unit multifamily property, built in 1972 and totaling approximately 5,096 sq ft, offers a solid income-producing opportunity with strong value-add potential. All six units feature an identical layout including a galley kitchen with rear deck access, main-level living area, and an upstairs floor plan with two spacious bedrooms and a full hallway bath. The building features a brick exterior in good condition and an architectural shingle roof. HVAC systems and hot water heaters vary in age but are operational. Kitchen appliances also vary in age. Bathrooms are functional in all units except Unit 1, which requires a full renovation in the tub/shower and is currently non-operational. Flooring varies by unit (carpet and LVP) and is overall in good condition. Current rents: Unit 1: $0 (vacant/non-functional) Unit 2: $300/month Units 3-6: $600/month each Total monthly income: $2,700 Annual income: $32,400 Property is in good overall condition and presents a strong opportunity for investors to increase value through updates and renovations. Ideal for buyers seeking a multifamily asset with upside potential and existing cash flow. Parcels 031H A 010.00 & 031H A 006.00 are both included. All units have separate electric and water meters. All Information is deemed reliable but should be verified by buyer or buyer's agent. Set up a showing through your agent or call Listing agent. Please no drive-byes. View with appointment only.

Listing Map