new - 3 days on rocket

105 Lemay Dr, Kingsport, TN, 37664

$1,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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105 Lemay Dr, Kingsport$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAsphalt
Year Built1977
HeatingHeat Pump, Wall Furnace
CoolingWall Unit(s)
MLS #9973412
Lot Size0.50 Acres
StatusActive

About 105 Lemay Dr

Welcome to this 12-unit apartment complex, ideally located in a thriving community with convenient access to local amenities, parks, and transportation. Just minutes from downtown Kingsport, Blountville, and Bristol, this property offers a prime location for residents. Most of the units have been upgraded with modern finishes, including granite countertops in the kitchens and bathrooms, updated kitchen cabinets with ample storage and pantry space, and durable Luxury Vinyl Plank (LVP) flooring throughout. Additionally, the units feature fresh, new paint, giving each space a bright, inviting feel. New heating and cooling units, along with energy-efficient hot water heaters, ensure year-round comfort and cost-effective living. Recent exterior improvements include a new roof installed in November 2023, providing peace of mind and long-term protection from the elements. With a gross revenue of $8,500.00 and stable, long-term tenants, this property presents an excellent investment opportunity. Rents are still below market value, offering significant potential for future growth. This turn-key property, with most units upgraded and tenant stability in place, offers minimal maintenance and maximum profitability for investors seeking strong, consistent returns.

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Year Built: 1977

Listing Office:

  • Office Name: Choice Realty
  • Office Phone: (423) 283-8560
  • Listing Agent: John Burnette, Jr.

Interior Features

Interior Information:

  • Appliances: Electric Range, Refrigerator
  • Flooring Type: Vinyl, Carpet, Laminate
  • Interior: Granite Counters, Kitchen/Dining Combo, Laminate Counters, Pantry, Remodeled

Exterior Features

Exterior Information:

  • Exterior: Porch Front, Balcony

Parking Information:

  • Attached Garage: No
  • Parking: Asphalt

Lot Features

Lot Information:

  • Lot: Rolling/Hilly, Level
  • Lot Size: 0.50 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Wall Furnace
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: From John B Dennis Hwy 93, take the Memorial Blvd ext. Take 126 east towards Interstate 81. Go about 3 miles, then right on Lemay Drive, Unit complex on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000

Tax Information:

  • Annual Amount: $2,656
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Kingsport, TN.

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Kingsport, TN

City

Med. Sold Price

$263.6K

Med. Price/SqFt

$156

Avg. Days On Market

64

# of Sold Homes

87

105 Lemay Dr vs Kingsport

3 DAYS ON ROCKET

-61 Days

$1,200,000

+$936.3K More

KEY TAKEAWAY

This property is $936.3K more than the Median Sold Price in Kingsport, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9973412

Listing Office:

  • Office Name: Choice Realty
  • Office Phone: (423) 283-8560
  • Listing Agent: John Burnette, Jr.

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 6:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 24, 2021Home Sold
$555,000
Jul 16, 2019Home Sold
$370,000
Feb 11, 2011Home Sold
$208,456
Feb 01, 2007Home Sold
$275,000
Apr 12, 1993Home Sold
$329,950

Tax History

YEARPROP. TAXASSESSMENT
2020$2,656$128,840
2019$2,636$103,360
2018$2,636$103,360
2017$2,998$103,360

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-343648
8
/10

  • Indian Springs Elementary School

  • 333 Hill Rd

  • 2.36 miles

  • Public District Grades KG-5

school-card-donut-343649
4
/10

  • Ketron Elementary School

  • 3301 Bloomington Pike

  • 2.90 miles

  • Public District Grades PK-5

school-card-donut-343650
6
/10

  • Thomas Jefferson Elementary School

  • 2216 Westmoreland Ave

  • 3.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,951. Residents of Kingsport, TN typically earn between $35k-100k each year. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Kingsport, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Kingsport, TN?

Kingsport offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles in the area range from traditional to contemporary, with a noticeable presence of craftsman designs. The housing market is characterized by a mix of older homes with rich histories and newer constructions that cater to modern living preferences. The homeownership rate in Kingsport is robust, reflecting a community invested in long-term residency and stability.

Is Kingsport, TN a good place to live?

Kingsport is celebrated for its serene atmosphere and strong sense of community. The city prides itself on its vibrant cultural scene, including local festivals and events that highlight the area's heritage and communal spirit. Residents enjoy a variety of outdoor activities thanks to the well-maintained parks and nearby natural attractions, fostering a lifestyle that balances urban conveniences with an appreciation for the outdoors.

Are things conveniently located in Kingsport, TN?

The community is served by a network of public schools, offering educational opportunities from elementary to high school levels, as well as several private institutions that cater to diverse learning needs. Healthcare services in Kingsport are comprehensive, with facilities providing a range of care including urgent and primary care. The city also features a public library system that supports lifelong learning and community engagement. Retail and dining options reflect the local culture, with an assortment of shops and eateries that showcase the region's flavors and crafts.

What does the transportation in Kingsport, TN look like?

Transportation in Kingsport includes a variety of options for residents and visitors. The city's roadways connect seamlessly to major highways, facilitating travel and commuting. Public transit services are available, providing connections across the city and to key destinations. The community's layout encourages walkability in several areas, and there are designated paths that enhance the experience for cyclists. While ride-sharing services are operational, the city also supports initiatives to improve transport efficiency and accessibility for all.

Rocket Homes›Tennessee›Sullivan County›Kingsport›37664›105 Lemay Dr

This home is located at 105 Lemay Dr in Kingsport, TN and zip code 37664. This home, which was built in 1977, sits on a 0.50 acre lot. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $1,200,000.

Kingsport, TN housing market in October 2024 saw over 20 listings sold above listed price, more than 24 sold at listed price and over 43 sold below. The number of homes for sale in Kingsport, TN increased by 5.5% between September 2024 and October 2024. In October 2024 median list price was $263,633 and the average listing age was 64 days.

From Rocket Homes Real Estate and based on county public records data.

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