2020 East Center Street, Kingsport TN 37664

$449,900

2020 East Center Street, Kingsport, TN 37664

bedrooms

bathrooms

square feet

Acreage

0.09

Open Houses

year built

1920

Full Baths

Half Baths

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Great Investment Opportunity! Discover the charm and potential of this historic building, a proven income-generator with a strong track record as a successful apartment complex. Boasting 100% occupancy nearly year-round and all units currently occupied, this property is a rare find. Formerly known as the Palmer Building, this versatile property boasts a rich history as a pharmacy storefront, medical offices, and more. It offers endless possibilities, whether for office spaces, a restaurant, or any venture you envision. The property features 11 units, generating $6,700 monthly or $80,400 annually. These include one 2-bedroom, 1-bath unit and ten 1-bedroom, 1-bath units, totaling 12 bedrooms and 11 bathrooms. Located within walking distance of Dobyns-Bennett High School and just minutes from East Stone Drive's amenities, the property combines convenience with an unbeatable location. The owner pays utilities and there are no HOA or CAM fees. This property offers excellent cash flow, with the potential for even greater returns with some TLC. Whether you're expanding your portfolio or launching a new endeavor, this is an opportunity you won't want to miss. Rent rolls and expenses are available upon request.

Location
Subdivision	Kingsport Heights
County	Sullivan
Elementary School	Lincoln
Middle School	Sevier
High School	Dobyns Bennett

Driving directions

Open houses

None scheduled.

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MLS number: 9975107

Listing agent: Matt Fleenor

Listing broker: Greater Impact Realty Llc (423) 973-8634

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Last update: Friday, March 7 2025 at 8:01 a.m. EST

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