Magnolia Ridge
Kingsport, TN | 11 Units | $109,000/unit
Marketing description
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.
Investment highlights
11-Unit Stabilized Multifamily Asset
100% Occupancy
Fully Renovated – Approx. $250k+ in CapEx Completed
Unit Mix: 1 × 3BR / 2BA, 4 × 1BR / 1BA. 6 × 2BR / 1BA
Electrical Separately Metered
Water & Trash Billed Back to Tenants
Turnkey Operations with Minimal Near-Term CapEx
Opportunity for Future Rent Growth
Located in a Growing Kingsport Market with Limited Inventory
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