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| Bedrooms: | 0 | Full Bathrooms: | 0 | Half Bathrooms: | 0 |
| Type: | Commercial Sale | Sub Type: | MLS Number: | 9984328 | |
| Living Area: | 2,304 | Lot Acreage: | 1 | Year Built: | 1978 |
| Elementary School: | Middle School: | High School: |
Property Description
Brick 10-Plex in Church Hill provides a great value and opportunity for an investor looking to expand their portfolio. Eight 1 bedroom, 1 bath units at the front of the building. All units are move in ready with new paint, newer flooring, and some have newer appliances. 2 units are ready to be rented. Roof was put on in 2020. All the doors have been painted. New steps and decking done to the upstairs units. The monthly income could be up to $5600+ The rear of the building includes 2304 sq. ft. of unfinished and semi-finished space for income producing improvements including a 2-bedroom 1.5 bath unit in need of renovation, a framed 1 bedroom, 1 bath unit, and an additional space for an on-site laundry. Once finished that could add an additional $1800+ a month income. Separate Electric meters. Owner pays water, lawn care and trash. Each unit is approx 576 sq ft. Unit 1 is getting a new stove. Unit 4 appliances have been ordered and will be installed before closing. Property Information taken from tax records and third party sources. Buyer's agent to verify all information. Buyers NEED to be pre approved before viewing.
Listing Status
Active
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More Listing Info
AC:Heat Pump3 true Business Type:Residential2 true Contract Info:Foreclosure No Development Status:Cleared2 true Easements:None12 true Electric Service:Other34 true Exterior Finish:Brick4 true General Property Description:# Parking Spaces 10 General Property Description:Acres 0.52 General Property Description:Annual Lease 0.0 General Property Description:HOA YN No General Property Description:Lease No General Property Description:Lot Size2 150 x 141 irr General Property Description:Stories3 2.0 General Property Description:Total SqFt Finished 2304.0 General Property Description:Total SqFt Unfinished 3264.0 General Property Description:Zoning2 R Heating:Heat Pump2 true Info Available:Rental Roles true Location Tax Legal Info:Block 4 Location Tax Legal Info:City Taxes 1273.81 Location Tax Legal Info:County Taxes 3221.86 Location Tax Legal Info:Deed Book # 1521 Location Tax Legal Info:Deed Page # 371 Location Tax Legal Info:Lot # 1 Other Equipment:Dumpster true Property Condition:Above Average true Remarks Misc:Directions3 Follow US-11W from Kingsport to Silver Lake Rd. Turn Right on Silver Lake Rd. Turn Left onto East Main Blvd. Follow to Highland Ave. Turn Left on Highland Avenue and property is at the top of the Hill. See sign Remarks Misc:Public Remarks7 Brick 10-Plex in Church Hill provides a great value and opportunity for an investor looking to expand their portfolio. Eight 1 bedroom, 1 bath units at the front of the building. All units are move in ready with new paint, newer flooring, and some have newer appliances. 2 units are ready to be rented. Roof was put on in 2020. All the doors have been painted. New steps and decking done to the upstairs units. The monthly income could be up to $5600+ The rear of the building includes 2304 sq. ft. of unfinished and semi-finished space for income producing improvements including a 2-bedroom 1.5 bath unit in need of renovation, a framed 1 bedroom, 1 bath unit, and an additional space for an on-site laundry. Once finished that could add an additional $1800+ a month income. Separate Electric meters. Owner pays water, lawn care and trash. Each unit is approx 576 sq ft. Unit 1 is getting a new stove. Unit 4 appliances have been ordered and will be installed before closing. Property Information taken from tax records and third party sources. Buyer's agent to verify all information. Buyers NEED to be pre approved before viewing. Restrictions:Other37 true Road Access:County Road true Roof:Composition true Roof:Shingle true Sale Includes:Business Only true Sewer:Public Sewer true Water:Public true Videos: (none) Virtual Tours: (none)
Listing Courtesy:
KW Bristol
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