105 Brookfield Drive, Kingsport, TN 37663
Local realty services provided by:CENTURY 21 Legacy
105 Brookfield Drive,Kingsport, TN 37663
$429,900
- - Beds
- - Baths
- 4,347 sq. ft.
- Multi-family
- Pending
Listed by: ryan mckinney
Office: kw johnson city
MLS#:9998181
Source:TNVA_MLS
Price summary
- Price:$429,900
- Price per sq. ft.:$98.9
About this home
Income-producing opportunities with six occupied units are becoming increasingly difficult to find, and 105 Brookfield Drive offers investors a unique opportunity to acquire a fully leased mixed-use property with the stability of residential income and the added diversification of commercial tenants. The property features three one-bedroom residential apartments on the lower level and three fully occupied commercial suites on the upper level, creating six separate income streams that generate immediate cash flow from day one. The commercial component consists of approximately 1,850 square feet divided into three suites of approximately 400, 600, and 850 square feet. The property currently produces approximately $47,940 in gross scheduled annual rental income, making it an attractive opportunity for investors seeking a stabilized, income-producing asset rather than a lease-up project.
Significant capital improvements include replacement windows, siding, and roof approximately five years ago, along with two water heaters that are approximately six years old. The commercial suites have also been updated with new flooring, fresh paint, renovated bathrooms, and electrical upgrades, helping attract and retain quality tenants while reducing the likelihood of near-term capital expenditures.
The property is currently operated with gross leases due to the existing plumbing configuration, as the water heaters serving Units 4 and 6 also supply neighboring units. A future owner may wish to explore the feasibility of separating these systems and installing individual water heaters to provide additional flexibility for utility reimbursement and long-term operating efficiency. An additional utility, management, and storage area located separately from the tenant spaces provides convenient access for building operations and maintenance.
Convenient parking is available at the rear of the building for residential tenants, while dedicated street-level parking provides easy access for commercial customers and clients. Zoned B-3, the property is situated in an established Kingsport location with convenient access to major roadways, surrounding businesses, and residential neighborhoods.
For investors seeking to diversify beyond traditional apartment buildings, this property presents an attractive alternative by combining the dependable demand for residential housing with the income potential of neighborhood commercial space. Whether you're adding to an existing multifamily portfolio, completing a 1031 exchange, or looking for a property that provides multiple income streams under one roof, 105 Brookfield Drive offers a stabilized investment with long-term ownership potential. Financial information is available upon request. All information is deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information....
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Home facts
- Year built:1970
- Subdivision & Development:Brookfield Place
- Listing ID #:9998181
- Added:59 day(s) ago
- Updated:September 13, 2026 at 07:29 AM
Rooms and interior
- Living area:4,347 sq. ft.
Heating and cooling
- Cooling:Wall Unit(s), Window Unit(s)
Structure and exterior
- Year built:1970
- Building area:4,347 sq. ft.
- Lot area:0.35 Acres
- Construction Materials:Vinyl Siding
Schools
- High school:West Ridge
- Middle school:Sullivan Heights Middle
- Elementary school:Miller Perry
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$429,900
- Price per sq. ft.:$98.9
Parking
- Parking description:Asphalt Driveway, Gravel Driveway
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