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34457704
34457708

105 Brookfield Drive, Kingsport, TN 37663 For Sale

RM
322580
KW Johnson City
Listed by KW Johnson City
$429,900
1 day on market
Updated 1 day ago

105 Brookfield Drive

Details
APN 107p A 017.00
Property Type Multifamily, Office (+1)
Sub Type Traditional Office, Apartment Building
Square Footage 4,838
Units 6
Cap Rate 8.17%
NOI $35,122
Occupancy 100%
Tenancy Multi
Price per SqFt $89
Class C
Year Built 1970
Buildings 1
Stories 2
Acreage 0.350
Zoning B 3
Parking Spaces 10 spaces
Parking per 1,000 SqFt 2.07
Ground Lease No
Ownership Fee Simple

105 Brookfield Drive, Kingsport, TN 37663

Marketing description

Position your portfolio for long-term success with this fully occupied six-unit mixed-use investment opportunity in the heart of Kingsport, Tennessee. Located at 105 Brookfield Drive, this income-producing property offers a balanced blend of three commercial suites and three residential apartments, providing investors with diversified cash flow and reduced reliance on any single tenant or industry. With all six units currently leased, the property delivers immediate income from day one while offering the stability many investors seek in today's market. The commercial component consists of approximately 1,850 square feet divided into three suites of approximately 400, 600, and 850 square feet. The residential component features three fully occupied apartments on the lower level, creating six separate income streams within a single investment. The current gross scheduled rental income is approximately $47,940 annually, making this an attractive opportunity for investors seeking an established, income-producing asset rather than a lease-up project. Convenient street level parking for commercial clients & customers. The property has benefited from significant capital improvements, including a roof that is approximately six years old, helping minimize near-term capital expenditures for a future owner. Its diversified tenant mix, established occupancy, and proven rental history provide a strong foundation for both experienced investors and those looking to expand their commercial real estate portfolio. Conveniently located in an established commercial corridor of Kingsport, the property offers excellent accessibility to East Stone Drive, Interstate 26, John B. Dennis Highway, and the greater Tri-Cities region. Its location provides convenience for both commercial tenants and residential occupants while positioning the property within one of Northeast Tennessee's most established business markets. Whether you're completing a 1031 exchange, expanding your investment portfolio, or searching for a stabilized mixed-use asset with immediate cash flow, 105 Brookfield Drive presents a compelling opportunity to acquire a fully leased property with multiple income streams, strong occupancy, and long-term investment potential in the growing Kingsport market. All information deemed reliable, but not guaranteed. Buyer and Buyer Agent to verify.

Listing Contacts

RM
322580
KW Johnson City
Listed by KW Johnson City

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$35,122.00
$2,926.83/mo

Valuation Metrics

0
DSCR
8.17%
Cap Rate
8.17%
ROI

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*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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