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401 Parkridge Drive, 401-415, Kingsport, TN 37660 - $1,400,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Multi Family MLS Number: 9972406
Living Area: 0 Lot Acreage: 11 Year Built: 1989
Elementary School: Washington-Kingsport City Middle School: Sevier High School: Dobyns Bennett
Property Description
Great investment opportunity with a huge amount of land zoned R3 for expansion! City water, sewer, schools and extensive road frontage. 3 adjacent parcels of land with frontage on Parkridge, Tilthammer and Manor Dr, (see attachment.) 8 total units fully rented, (2) 2 bed/2 bath, (2) 3 bed/2 bath, (4) 2 bed/1.5 bath. Each unit has its own power and water meter, owner pays landscape, pest and trash pickup. Extensive renovations done in 2022/2023. Roof 2015, Siding 6 years ago. Large yard area in the rear of the building, each unit has deck or patio. Plenty of parking in the front, 4 units have one-car garage.
Listing Status
Active
  • More Listing Info
    AC:Heat Pump3true
    Appliances:Dishwashertrue
    Appliances:Disposaltrue
    Appliances:Rangetrue
    Appliances:Refrigeratortrue
    Basement:Crawl Spacetrue
    Contract Info:ForeclosureNo
    Easements:Other7true
    Expenses Include:Lawn Mainttrue
    Expenses Include:Repairs and Mainttrue
    Expenses Include:Taxes Real Estatetrue
    Expenses Include:Wastetrue
    Exterior Features:Balconytrue
    Exterior Finish:Brick4true
    Exterior Finish:Vinyl Sidingtrue
    Fencing:Privacytrue
    Fireplace:Living Roomtrue
    Flooring:Carpettrue
    Flooring:Ceramic Tiletrue
    Flooring:Luxury Vinyltrue
    Garage:Garage Spaces4
    General Property Description:# Buildings1
    General Property Description:# Fireplaces4
    General Property Description:# of Units8.0
    General Property Description:Acres10.6
    General Property Description:Elementary School3Washington-Kingsport City
    General Property Description:High School3Dobyns Bennett
    General Property Description:HOA YNNo
    General Property Description:Home Warranty2No
    General Property Description:Lot Dimensionssee acres
    General Property Description:Middle School2Sevier
    General Property Description:Senior Community YN3No
    General Property Description:Stories22
    General Property Description:Total Units8
    General Property Description:Zoning2R 3
    Heating:Heat Pump2true
    Income and Expenses:Gross Annual Income100200
    Income and Expenses:Vacancy Rate %0.0
    Info Available:Aerialtrue
    Info Available:Floor Plantrue
    Info Available:Rental Rollstrue
    Info Available:Survey2true
    Interior Features:Eat-in Kitchentrue
    Interior Features:Laminate Counterstrue
    Laundry Features:Electric Dryer Hookuptrue
    Laundry Features:Washer Hookuptrue
    Levels:Onetrue
    Levels:Twotrue
    Location Tax Legal Info:City Taxes5659.68
    Location Tax Legal Info:County Taxes6814.97
    Location Tax Legal Info:Deed Book #3171
    Location Tax Legal Info:Deed Page #1670
    Location Tax Legal Info:Unit #401-415
    Parking Features:Asphalt2true
    PorchPatioDeck:Coveredtrue
    PorchPatioDeck:Decktrue
    PorchPatioDeck:Rear Patiotrue
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3Downtown Kingsport to Netherland Inn Rd to left on Ridgefields Rd. Left on Eastley to left on Parkridge.
    Remarks Misc:Public Remarks2Great investment opportunity with a huge amount of land zoned R3 for expansion! City water, sewer, schools and extensive road frontage. 3 adjacent parcels of land with frontage on Parkridge, Tilthammer and Manor Dr, (see attachment.) 8 total units fully rented, (2) 2 bed/2 bath, (2) 3 bed/2 bath, (4) 2 bed/1.5 bath. Each unit has its own power and water meter, owner pays landscape, pest and trash pickup. Extensive renovations done in 2022/2023. Roof 2015, Siding 6 years ago. Large yard area in the rear of the building, each unit has deck or patio. Plenty of parking in the front, 4 units have one-car garage.
    Sewer:Public Sewertrue
    Structure Type:Multi Familytrue
    Structure Type:Townhouse3true
    Style:Contemporary3true
    Style:Townhouse2true
    TopographyLot Description:Level2true
    TopographyLot Description:Part Woodedtrue
    TopographyLot Description:Slopedtrue
    Unit 1:# Bathrooms52.0
    Unit 1:# Bedrooms32
    Unit 1:# Half Baths4.0
    Unit 1:# Units2
    Unit 1:SqFt62200
    Unit 2:# Bathrooms42.0
    Unit 2:# Bedrooms43
    Unit 2:# Units22
    Unit 2:SqFt53000
    Unit 3:# Bathrooms34.0
    Unit 3:# Bedrooms52
    Unit 3:# Units34
    Unit 3:Half Baths4.0
    Unit 3:SqFt24400
    Unit 4:# Units40
    Utilities:Electricity Connectedtrue
    Utilities:Sewer Connectedtrue
    Utilities:Water Connectedtrue
    View:Mountain(s)true
    Walls:Drywalltrue
    Water:Publictrue
    Window Features:Insulated Windowstrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Southern Dwellings
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