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| Bedrooms: | 0 | Full Bathrooms: | 0 | Half Bathrooms: | 0 |
| Type: | Commercial Sale | Sub Type: | MLS Number: | 9997509 | |
| Living Area: | 10,034 | Lot Acreage: | 1 | Year Built: | 1937 |
| Elementary School: | Middle School: | High School: |
Property Description
Exceptional investment opportunity in the heart of Kingsport. Originally constructed as Riverfront Hospital, the city's first hospital, this historic apartment building has been thoughtfully updated while retaining its unique character.
The property offers 10 residential units, including eight 2-bedroom apartments and two 1-bedroom apartments. Tenants are responsible for their own electric and water utilities. Overlooking the Holston River and Riverfront Park, the location is one of the property's greatest assets, providing both scenic views and convenient access to downtown amenities.
Major capital improvements have already been completed. Approximately eight of the ten units were extensively renovated. During the renovations, much of the original plumbing was replaced. There are new appliances throughout many of the units, including washers and dryers in select apartments.
This is a rare opportunity to acquire a historic, income-producing property with significant updates already completed in one of Kingsport's most desirable riverfront locations.
Listing Status
Active
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More Listing Info
AC:Heat Pump3 true Business Type:Residential2 true Contract Info:Foreclosure No Development Status:Finished Lot(s) true Electric Service:Other34 true Exterior Finish:Brick4 true General Property Description:Acres 0.6 General Property Description:Annual Lease 62280.0 General Property Description:HOA YN No General Property Description:Lease No General Property Description:Lot Size2 26,136' General Property Description:Total SqFt Finished 10034.0 General Property Description:Total SqFt Unfinished 0.0 General Property Description:Zoning2 PVD Heating:Heat Pump2 true Info Available:Leases2 true Location Tax Legal Info:City Taxes 4314.02 Location Tax Legal Info:County Taxes 4148.38 Location Tax Legal Info:Deed Book # 3464 Location Tax Legal Info:Deed Page # 968 Location Tax Legal Info:Lot # 2-3 Other Equipment:Other39 true Property Condition:Above Average true Remarks Misc:Directions3 From I-81, take Exit 59A onto I-26 W/US-23 N toward Kingsport. Take Exit 1 (West Stone Dr), continue east, turn right onto Center St., then left onto Netherland Inn Rd. Continue approximately 1 mile. Property is on the right overlooking the Holston River. Remarks Misc:Public Remarks7 Exceptional investment opportunity in the heart of Kingsport. Originally constructed as Riverfront Hospital, the city's first hospital, this historic apartment building has been thoughtfully updated while retaining its unique character. The property offers 10 residential units, including eight 2-bedroom apartments and two 1-bedroom apartments. Tenants are responsible for their own electric and water utilities. Overlooking the Holston River and Riverfront Park, the location is one of the property's greatest assets, providing both scenic views and convenient access to downtown amenities. Major capital improvements have already been completed. Approximately eight of the ten units were extensively renovated. During the renovations, much of the original plumbing was replaced. There are new appliances throughout many of the units, including washers and dryers in select apartments. This is a rare opportunity to acquire a historic, income-producing property with significant updates already completed in one of Kingsport's most desirable riverfront locations. Restrictions:Other37 true Road Access:City Street true Roof:Shingle true Sale Includes:Fee Simple true Sewer:Public Sewer true Water:Public true Videos: (none) Virtual Tours: (none)
Listing Courtesy:
Wallace
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