Property Description

Listing Status

• More Listing Info

  AC:See Remarks11	true
  Appliances:Dishwasher	true
  Appliances:Electric Range	true
  Appliances:Refrigerator	true
  Contract Info:Foreclosure	No
  Easements:None12	true
  Exterior Finish:Brick4	true
  Flooring:Hardwood	true
  General Property Description:# Buildings	1
  General Property Description:Acres	0.26
  General Property Description:Elementary School3	Lincoln
  General Property Description:High School3	Dobyns Bennett
  General Property Description:HOA YN	No
  General Property Description:Lot Dimensions	137.83 X 78.28 IRR
  General Property Description:Middle School2	Sevier
  General Property Description:Stories2	2
  General Property Description:Total Units	7
  General Property Description:Zoning2	R 1B
  Heating:See Remarks10	true
  Laundry Features:Electric Dryer Hookup	true
  Laundry Features:Washer Hookup	true
  Levels:Two	true
  Location Tax Legal Info:Block	109
  Location Tax Legal Info:City Taxes	1498.73
  Location Tax Legal Info:County Taxes	1804.65
  Location Tax Legal Info:Deed Book #	3633
  Location Tax Legal Info:Deed Page #	2918
  Location Tax Legal Info:Lot #	10
  Remarks Misc:Directions3	From Eastman Road follow Fort Henry Drive to Left on E Center St. Follow E. Center Street to right on Wateree St. Follow Wateree St. to the property on the left at the corner of Wateree and Oak St.
  Remarks Misc:Public Remarks7	Seize the chance to own this centrally located 7-unit multi-family property in Kingsport, TN, offering an excellent return on investment. The complex includes five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, all fully occupied with total monthly rents of $7,090. Each unit is equipped with mini-split systems for efficient heating and cooling, ensuring tenant comfort year-round. Additionally, all units feature laundry hook-ups, adding convenience and appeal for residents. Two units have stackable units owned by the landlord. The property has undergone significant upgrades, including a new roof, updated electrical systems, and modernized plumbing. The recent encapsulation of the crawl space further enhances the building's structural integrity and energy efficiency. With a cap rate of 8.5%, this property is a compelling opportunity for investors seeking a stable and profitable asset. Don't miss out on this prime real estate in a vibrant community. Contact us today to schedule a viewing and explore the potential of this outstanding property!
  Roof:Metal3	true
  Structure Type:Multi Family	true
  Style:Traditional3	true
  TopographyLot Description:Level2	true
  Unit 1:# Bathrooms5	1.0
  Unit 1:# Bedrooms3	1
  Unit 1:# Units	5
  Unit 1:Monthly Rent	4600
  Unit 2:# Bathrooms4	1.0
  Unit 2:# Bedrooms4	2
  Unit 2:# Units2	2
  Unit 2:Monthly Rent2	2490
  Unit 3:# Units3	0
  Unit 4:# Units4	0
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

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