105 Brookfield DR Kingsport, TN 37663
4,347 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,347 sqft
Price per Sqft $98
Subdivision Brookfield Place
MLS Listing ID 9998181
Style Other
HOA Y/N No
Year Built 1970
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 94x167
Property Sub-Type Other
Source Tennessee/Virginia Regional MLS
Property Description
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.
Location
State TN
County Sullivan
Community Brookfield Place
Area 0.35
Zoning B 3
Direction From Kingsport or Johnson City, take Hwy 36 into Colonial Heights and turn onto Brookfield Dr. Building almost immediately on right. (Pay attention not to confuse this Brookfield Dr with Brookfield Ln a few streets down.)
Interior
Heating See Remarks
Cooling Wall Unit(s), Window Unit(s), See Remarks
Fireplace No
Heat Source See Remarks
Exterior
Parking Features Asphalt, Gravel
Roof Type Shingle
Topography Sloped, Level
Building
Story 2
Entry Level Two
Sewer Septic Tank
Water Public
Architectural Style Other
Level or Stories 2
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Miller Perry
Middle Schools Sullivan Heights Middle
High Schools West Ridge
Others
Senior Community No
Tax ID 107p A 01700 000
Nearby Locations
Larry C. LeSueur
Real Estate Professional, Realtor | License ID: TN 361390, NMLS# 2467587