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Holston Realty

holstonrealty@gmail.com +1(423) 793-8109

$429,900

Est. payment - /mo

4,347 SqFt

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

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

Income-producing opportunities with six occupied units are becoming increasingly difficult to find, and 105 Brookfield Drive offers investors a unique opportunity to acquire a fully leased mixed-use property with the stability of residential income and the added diversification of commercial tenants. The property features three one-bedroom residential apartments on the lower level and three fully occupied commercial suites on the upper level, creating six separate income streams that generate immediate cash flow from day one. The commercial component consists of approximately 1,850 square feet divided into three suites of approximately 400, 600, and 850 square feet. The property currently produces approximately $47,940 in gross scheduled annual rental income, making it an attractive opportunity for investors seeking a stabilized, income-producing asset rather than a lease-up project.

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

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Listed by Ryan McKinney • KW Johnson City

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Holston Realty

+1(423) 793-8109

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105 Brookfield DR Kingsport, TN 37663

Holston Realty

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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