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730 Sir Echo Dr - 10 Units - 730 Sir Echo Dr 10 Unit Apartment Building Offered at $1,669,548 CAD at a 6.50% Cap Rate Kingsport, TN 37663
Investment Highlights
- Brick Construction on All Four Sides — A durable, low-maintenance exterior that signals quality and reduces long-term capital expenditure.
- Tenant-Friendly Unit Features — Every unit includes washer/dryer hookups, individual HVAC, low-maintenance windows, and covered front entryways with s
- Supply-Constrained Submarket — Limited new townhome inventory and strong comparable occupancy support long-term rental demand and rent stability acros
- Systematic Capital Improvements — Recent upgrades include a new roof, updated gutters, fresh asphalt paving, and new water heaters in select units.
- Differentiated Amenity Package — On-site coin-operated laundry and dedicated lockable tenant storage closets set this asset apart at its price point.
Executive Summary
730 Sir Echo Drive is a 10-unit townhome community located in Kingsport, Tennessee, within the Tri-Cities MSA—one of East Tennessee's most stable and steadily growing rental markets. The property consists of ten two-bedroom, one-and-a-half-bath townhomes, each offering 950 square feet of living space, and presents investors with a rare opportunity to acquire a well-maintained, income-producing asset in a supply-constrained submarket.
Built with brick construction on all four sides, the property has been systematically updated by ownership. Recent capital improvements include a new roof, updated gutters, fresh asphalt paving and striped parking areas, and new water heaters throughout.
Each unit is equipped with washer and dryer hookups, replacement low-maintenance windows, individual HVAC systems, and covered front entryways with storm doors. Select units offer full-length covered back porches. Common area amenities include an on-site laundry facility with commercial coin-operated machines and a dedicated tenant storage facility with lockable closets for each unit—a meaningful differentiator at this price point.
With Kingsport supported by a diverse economic base anchored in healthcare, manufacturing, and education, the property benefits from consistent rental demand and long-term market stability. Limited new townhome supply and strong occupancy among comparable properties make 730 Sir Echo Drive a compelling opportunity to acquire a turnkey asset with durable cash flow in the Tri-Cities region.
Built with brick construction on all four sides, the property has been systematically updated by ownership. Recent capital improvements include a new roof, updated gutters, fresh asphalt paving and striped parking areas, and new water heaters throughout.
Each unit is equipped with washer and dryer hookups, replacement low-maintenance windows, individual HVAC systems, and covered front entryways with storm doors. Select units offer full-length covered back porches. Common area amenities include an on-site laundry facility with commercial coin-operated machines and a dedicated tenant storage facility with lockable closets for each unit—a meaningful differentiator at this price point.
With Kingsport supported by a diverse economic base anchored in healthcare, manufacturing, and education, the property benefits from consistent rental demand and long-term market stability. Limited new townhome supply and strong occupancy among comparable properties make 730 Sir Echo Drive a compelling opportunity to acquire a turnkey asset with durable cash flow in the Tri-Cities region.
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Property Facts
| Price | $1,669,548 CAD | Property Type | Multifamily |
| Price Per Unit | $166,955 CAD | Building Size | 10,584 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.50% | Year Built | 1968 |
| No. Units | 10 |
| Price | $1,669,548 CAD |
| Price Per Unit | $166,955 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 10 |
| Property Type | Multifamily |
| Building Size | 10,584 SF |
| No. Stories | 2 |
| Year Built | 1968 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 092O-C-036.00 | Improvements Assessment | $373,311 CAD |
| Land Assessment | $28,382 CAD | Total Assessment | $401,693 CAD |
Property Taxes
Parcel Number
092O-C-036.00
Land Assessment
$28,382 CAD
Improvements Assessment
$373,311 CAD
Total Assessment
$401,693 CAD
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730 Sir Echo Dr - 10 Units - 730 Sir Echo Dr
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