1433 Stratford Rd, Kingsport, TN 37664
Local realty services provided by:CENTURY 21 Premier
1433 Stratford Rd,Kingsport, TN 37664
$1,149,999
- - Beds
- - Baths
- 6,750 sq. ft.
- Multi-family
- Pending
Listed by: kunal patel, brian truman
Office: svn accel commercial real estate
MLS#:3130337
Source:NASHVILLE
Price summary
- Price:$1,149,999
- Price per sq. ft.:$170.37
About this home
SVN | Accel Commercial Real Estate is pleased to present Magnolia Ridge Apartments, an 11-unit multifamily investment opportunity located at 1433 Stratford Road in Kingsport, Tennessee. This fully renovated and stabilized asset offers immediate in-place cash flow with continued upside through future rent growth in a market experiencing strong demand and limited multifamily inventory.
Magnolia Ridge features a balanced unit mix of:
(1) 3BR / 2BA
(4) 1BR / 1BA
(6) 2BR / 1BA
All units are separately metered for electricity, with water and trash billed back to tenants, providing operational efficiency and expense recovery. Ownership has invested approximately $250,000+ in capital improvements, delivering a true turnkey opportunity. Renovations include new flooring, fixtures, appliances, interior and exterior paint, upgraded electrical and plumbing systems, water heater replacements, windows, patio doors, pavement improvements, enhanced site lighting, security cameras, gutter guards, and full bathroom upgrades.
With major capital improvements completed and the asset stabilized, Magnolia Ridge presents investors with a low-maintenance opportunity featuring durable cash flow and embedded rental upside in a supply-constrained Tri-Cities market....
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Home facts
- Year built:1971
- Subdivision & Development:Green Valley Manor Sec 1
- Listing ID #:3130337
- Added:227 day(s) ago
- Updated:September 29, 2026 at 09:40 AM
Rooms and interior
- Living area:6,750 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1971
- Building area:6,750 sq. ft.
- Construction Materials:Brick
- Levels:2 Story
Schools
- High school:Dobyns - Bennett High School
- Middle school:Ross N. Robinson Middle School
- Elementary school:Andrew Johnson Elementary School
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,149,999
- Price per sq. ft.:$170.37
- Tax amount:$10,315
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