Property Description

Listing Status

• More Listing Info

  AC:Heat Pump3	true
  Appliances:Dishwasher	true
  Appliances:Electric Range	true
  Appliances:Refrigerator	true
  Contract Info:Foreclosure	No
  Easements:None12	true
  Exterior Finish:Brick4	true
  Flooring:Carpet	true
  Flooring:Laminate	true
  Flooring:Luxury Vinyl	true
  Flooring:Tile2	true
  General Property Description:# Buildings	1
  General Property Description:# of Units	4.0
  General Property Description:Acres	0.76
  General Property Description:Elementary School3	Indian Springs
  General Property Description:High School3	West Ridge
  General Property Description:HOA YN	No
  General Property Description:Lot Dimensions	33,105
  General Property Description:Middle School2	Sullivan Central Middle
  General Property Description:Senior Community YN3	No
  General Property Description:Stories2	2
  General Property Description:Total Units	4
  General Property Description:Zoning2	R1
  Heating:Heat Pump2	true
  Income and Expenses:Gross Annual Income	42720
  Income and Expenses:Vacancy Rate %	0.0
  Interior Features:See Remarks4	true
  Levels:Two	true
  Location Tax Legal Info:City Taxes	0.0
  Location Tax Legal Info:County Taxes	2086.66
  Location Tax Legal Info:Deed Book #	3273
  Location Tax Legal Info:Deed Page #	235
  Location Tax Legal Info:Lot #	6
  Other Rooms:Primary Bathroom	true
  Parking Features:Parking Pad	true
  PorchPatioDeck:Rear Patio	true
  Property Condition:Above Average	true
  Property Condition:Average	true
  Remarks Misc:Directions3	From I-81S, Take exit 66 toward Kingsport. Turn right onto TN-126 W. Turn left onto Cooks Valley Rd. Turn right onto Spardale St. Turn right onto Emerald Dr. GPS Friendly.
  Remarks Misc:Public Remarks2	Looking for a lucrative investment in the heart of the TriCities? Don't miss this one! Boasting 4 units, this 4500+ sqft building showcases a unique townhome style development situated at the end of the cul de sac with tons of potential. Currently generating a generous return, this property offers a value add opportunity with below market rents, turn key condition with room for improvements, and possibility for so much more! Individually metered and eligible for HUD, this property could be tailored to meet various investment strategies- consider affordable housing, elevate to upscale townhomes, or continue benefiting from the lucrative returns that are already being generated from this stable asset. Each unit offers a well maintained condition highlighted with a spacious floor plan, luxury vinyl flooring in most units, HVAC, and sliding glass doors leading to the secluded back patio. Strategically positioned in the county, yet located in the highly sought after Cooks Valley area, this property showcases an enviable location convenient to nearly everything with easy access on to Hwy 126, I-81, and much more! Whether you're a savvy investor looking to add a great asset to the portfolio, or aiming to live for free by house hacking, this property delivers unparalleled versatility and potential! Opportunities like this do not come up often and will not last long priced to sell at $450k. Don't miss your chance, and call today to take advantage of this opportunity! The property is 100% leased, and will not be conducting showings without an accepted offer or LOI. There is a virtual tour of the property that allows you, or your agent, to view the interior online. The information provided herein is deemed reliable but is collected from third party sources and subject to buyers, or buyers agent, verification.
  Roof:Shingle	true
  Structure Type:Quadruplex	true
  Style:See Remarks40	true
  Style:Townhouse2	true
  TopographyLot Description:Level2	true
  Unit 1:# Bathrooms5	1.0
  Unit 1:# Bedrooms3	2
  Unit 1:# Half Baths	1.0
  Unit 1:# Rooms4	6
  Unit 1:# Units	1
  Unit 1:Monthly Rent	825
  Unit 1:SqFt6	1149
  Unit 2:# Bathrooms4	1.0
  Unit 2:# Bedrooms4	2
  Unit 2:# Half Baths2	1.0
  Unit 2:# Rooms3	7
  Unit 2:# Units2	1
  Unit 2:Monthly Rent2	875
  Unit 2:SqFt5	1149
  Unit 3:# Bathrooms3	1.0
  Unit 3:# Bedrooms5	2
  Unit 3:# Rooms2	6
  Unit 3:# Units3	1
  Unit 3:Half Baths	1.0
  Unit 3:Monthly Rent3	860
  Unit 3:SqFt2	1149
  Unit 4:# Bathrooms2	1.0
  Unit 4:# Bedrooms6	2
  Unit 4:# Rooms	6
  Unit 4:# Units4	1
  Unit 4:Half Baths2	1.0
  Unit 4:Monthly Rent4	1000
  Unit 4:SqFt	1149
  Walls:Drywall	true
  Walls:Paneling	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

Listing Courtesy: