8,060 sqft

$800,000

1151 Ridgecrest Ave, Kingsport TN, 37665

Price per sqft$99.26

Built in1965

Property size8,060 sqft

Property typeCommercial

Courtesy of Red Realty, LLC, Martha Durham Listing Contact: 6158015563

Overview

Active

Listed Oct 9, 2026

Updated 25h ago

Great Investment Opportunity! Don't miss this five-unit income-producing property, including a basement unit, with established tenants and an excellent rental history! All five units are currently rented at $650 per month each, generating $3,250 in monthly rental income and $39,000 annually. The property has an excellent occupancy history, with the seller reporting virtually no vacancies and minimal tenant turnover. Current rental rates offer potential for increased income, making this an attractive opportunity for investors looking to expand their portfolio. Additional highlights include a roof approximately 8 years old and HVAC systems of varying ages, with most being less than 5 years old. Whether you're an experienced investor or looking to begin building your rental portfolio, this property offers immediate income with potential for future growth. Schedule your showing today and explore the possibilities!

Listings courtesy of Middle Tennessee Regional Multiple Listing Service as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 4:56 PM UTC on 10/9/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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