105 Brookfield Dr - Apartments FOR SALE


Kingsport, TN 37663
$429,900 USD
423-773-1607
105 Brookfield Dr, Kingsport, TN for Sale
$429,900 USD
Apartments - FOR SALE
1/17
null | 11.15% Cap Rate

105 Brookfield Dr
Kingsport, TN 37663


HIGHLIGHTS

  • Fully occupied six-unit mixed-use investment opportunity.
  • Three residential apartments and three commercial suites provide diversified income streams.
  • Immediate cash flow with 100% occupancy in place.
  • Convenient Kingsport location with access to major commercial corridors.
  • Multiple tenants help reduce reliance on a single income source.
  • Opportunity for long-term investment in an established business district.

OVERVIEW

Position your portfolio for long-term success with this fully occupied six-unit mixed-use investment opportunity in the heart of Kingsport, Tennessee. Located at 105 Brookfield Drive, this income-producing property offers a balanced blend of three commercial suites and three residential apartments, providing investors with diversified cash flow and reduced reliance on any single tenant or industry. With all six units currently leased, the property delivers immediate income from day one while offering the stability many investors seek in today's market. The commercial component consists of approximately 1,850 square feet divided into three suites of approximately 400, 600, and 850 square feet. The residential component features three fully occupied apartments on the lower level, creating six separate income streams within a single investment. The current gross scheduled rental income is approximately $47,940 annually, making this an attractive opportunity for investors seeking an established, income-producing asset rather than a lease-up project. Convenient street level parking for commercial clients & customers. The property has benefited from significant capital improvements, including a roof that is approximately six years old, helping minimize near-term capital expenditures for a future owner. Its diversified tenant mix, established occupancy, and proven rental history provide a strong foundation for both experienced investors and those looking to expand their commercial real estate portfolio. Conveniently located in an established commercial corridor of Kingsport, the property offers excellent accessibility to East Stone Drive, Interstate 26, John B. Dennis Highway, and the greater Tri-Cities region. Its location provides convenience for both commercial tenants and residential occupants while positioning the property within one of Northeast Tennessee's most established business markets. Whether you're completing a 1031 exchange, expanding your investment portfolio, or searching for a stabilized mixed-use asset with immediate cash flow, 105 Brookfield Drive presents a compelling opportunity to acquire a fully leased property with multiple income streams, strong occupancy, and long-term investment potential in the growing Kingsport market.

FOR SALE DETAILS

PRICE

$429,900 USD

PRICE/SF

$232 USD /SF

# OF UNITS

6

PRICE/UNIT

$71,650

CAP RATE

11.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

B3

APN/PARCEL ID

107P-A-017.00

ASK ABOUT THIS PROPERTY

Ryan McKinneyKW Johnson CityMore Info
423-773-1607

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Ryan McKinneyKW Johnson CityMore Info
423-773-1607

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.