730 Sir Echo Dr - Multi-Family FOR SALE


Kingsport, TN 37663
$1,200,000 USD
865-337-3438
730 Sir Echo Dr, Kingsport, TN for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/61
null | 6.5% Cap Rate

730 Sir Echo Dr
Kingsport, TN 37663


HIGHLIGHTS

  • Brick Construction on All Four Sides — A durable, low-maintenance exterior that signals quality and reduces long-term capital expenditure.
  • Systematic Capital Improvements — Recent upgrades include a new roof, updated gutters, fresh asphalt paving, and new water heaters in select units.
  • Tenant-Friendly Unit Features — Every unit includes washer/dryer hookups, individual HVAC, low-maintenance windows, and covered front entryways with s
  • Differentiated Amenity Package — On-site coin-operated laundry and dedicated lockable tenant storage closets set this asset apart at its price point.
  • Supply-Constrained Submarket — Limited new townhome inventory and strong comparable occupancy support long-term rental demand and rent stability acros

OVERVIEW

730 Sir Echo Drive is a 10-unit townhome community located in Kingsport, Tennessee, within the Tri-Cities MSA—one of East Tennessee's most stable and steadily growing rental markets. The property consists of ten two-bedroom, one-and-a-half-bath townhomes, each offering 950 square feet of living space, and presents investors with a rare opportunity to acquire a well-maintained, income-producing asset in a supply-constrained submarket. Built with brick construction on all four sides, the property has been systematically updated by ownership. Recent capital improvements include a new roof, updated gutters, fresh asphalt paving and striped parking areas, and new water heaters throughout. Each unit is equipped with washer and dryer hookups, replacement low-maintenance windows, individual HVAC systems, and covered front entryways with storm doors. Select units offer full-length covered back porches. Common area amenities include an on-site laundry facility with commercial coin-operated machines and a dedicated tenant storage facility with lockable closets for each unit—a meaningful differentiator at this price point. With Kingsport supported by a diverse economic base anchored in healthcare, manufacturing, and education, the property benefits from consistent rental demand and long-term market stability. Limited new townhome supply and strong occupancy among comparable properties make 730 Sir Echo Drive a compelling opportunity to acquire a turnkey asset with durable cash flow in the Tri-Cities region.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

10

PRICE/UNIT

$120,000

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Units - 730 Sir Echo Dr

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

092O-C-036.00

ASK ABOUT THIS PROPERTY

Ford CollierSVN | Wood PropertiesMore Info
865-337-3438

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Ford CollierSVN | Wood PropertiesMore Info
865-337-3438

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