How Does Saved Listings Work?
To save a listing to your list of favorites, click into the listing you're interested in and simply click the "Save Listing" button from the listing details page.
You have now saved your listing!
To view your saved listings, click on the top " Saved Listings" link at the top of the screen near the menu. Save as many as you want and catalog them with this easy-to-use feature!
This feature works by storing an HTTP cookie on your machine to store and retrieve your list of favorites. To clear all favorite listings, simply clear out your browser's cookies (under the browser's settings).
2000 Netherland Inn Road
Kingsport TN 37660
MLS #9997509 · Listing Courtesy of Wallace
$1,149,000
Active
10,034
Sq Ft
0.6
Acres
1937
Built
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.
Property Facts
Property TypeCommercial Sale
MLS Number9997509
City Taxes$4,314.02
County Taxes$4,148.38
Features & Amenities
Interior
Heat Pump
Exterior
Brick Exterior
City Street
Finished Lot(s)
Shingle Roof
Other
Above Average Condition
Fee Simple
Leases
Public Sewer
Public Water
Residential
Directions
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.
-
Additional Information
Contract InfoForeclosureNoElectric ServiceOtherYesGeneral Property DescriptionAnnual Lease62,280HOANoLeaseNoLot Size26,136'Total Finished SqFt10,034Unfinished SqFt0ZoningPVDLocation Tax Legal InfoDeed Book #3,464Deed Page #968Lot #2-3Other EquipmentOtherYesRestrictionsOtherYes
Mortgage Calculator
Estimate your monthly payments!
Share This Listing
Want to see this property?
Fill out the form below!