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228 Moreland Drive, Kingsport, TN 37660 - $219,500

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Blue Ridge Properties Listing

228 Moreland Drive, Kingsport, TN 37660 (MLS #9961398)

Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi-Family

Sub Type: Multi-Family

MLS Number: 9961398

Lot Acreage: 0.84000

Living Area: 0

Year Built:1972

Elementary School: Rock Springs

Middle School: Sullivan Heights Middle

High School: West Ridge

Public Remarks: Welcome to a unique investment opportunity! This property features a recently renovated single-family home and a duplex, all on the same parcel. The duplex has a 2 bedrooms and 1 bathroom on each side of the building with separate driveways for privacy. One side of the duplex has been renovated in recent years. The single-family home, also recently renovated, provides a cozy 1-bedroom, 1-bathroom rental. The full, unfinished basement beneath the duplex is a hidden gem, complete with washer and dryer hookups. The coin operated washer and dryer convey to the buyer. This versatile space presents endless possibilities for additional storage or the potential to possibly create another rental unit, maximizing your rental income. The expenses for the seller includes water (about $70/month on average), property taxes, property insurance, and lawn care, with lawn maintenance costs averaging around $100 per month during mowing season. Each unit is separately metered for electric and the tenants pay for their own electricity. The renovated side of the duplex has a had a mini-split installed for heating and cooling, the other units have window units. The tenant on the renovated side of the duplex pays $950 per month and the other side pays $750 per month. The single-family home is primed and ready for a new tenant, offering an opportunity to set a competitive rental rate and further enhance your return on investment. Don't miss out on this chance to acquire a well-maintained, income-generating property with potential for expansion. Whether you're a seasoned investor or entering the real estate market, this property is a standout opportunity for long-term financial growth. Schedule a viewing today and unlock the full potential of this unique duplex and single-family home combo! Buyer and Buyer's agent to verify all information.

Listing Courtesy:Fathom Realty

More Listing Info:

AC:Wall Unit(s): true

AC:Window Unit(s): true

Basement:Unfinished: true

Construction:Site Built2: true

Contract Info:Foreclosure: No

Easements:None12: true

Exterior Finish:Other16: true

Exterior Finish:Vinyl Siding: true

General Property Description:# Buildings: 2

General Property Description:# of Units: 3.0

General Property Description:Acres: 0.84

General Property Description:Elementary School3: Rock Springs

General Property Description:High School3: West Ridge

General Property Description:HOA YN: No

General Property Description:Home Warranty2: No

General Property Description:Lot Dimensions: 91.53 X 440.59 IRR

General Property Description:Middle School2: Sullivan Heights Middle

General Property Description:Total Units: 3

General Property Description:Zoning2: R 1

Heating:Baseboard: true

Heating:Electric: true

Heating:Space Heater: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 1192.51

Location Tax Legal Info:Deed Book #: 3438

Location Tax Legal Info:Deed Page #: 2061

Remarks Misc:Directions3: JB Dennis to Jared Dr. Left on Moreland. Property is on the left.

Remarks Misc:Public Remarks2: Welcome to a unique investment opportunity! This property features a recently renovated single-family home and a duplex, all on the same parcel. The duplex has a 2 bedrooms and 1 bathroom on each side of the building with separate driveways for privacy. One side of the duplex has been renovated in recent years. The single-family home, also recently renovated, provides a cozy 1-bedroom, 1-bathroom rental. The full, unfinished basement beneath the duplex is a hidden gem, complete with washer and dryer hookups. The coin operated washer and dryer convey to the buyer. This versatile space presents endless possibilities for additional storage or the potential to possibly create another rental unit, maximizing your rental income. The expenses for the seller includes water (about $70/month on average), property taxes, property insurance, and lawn care, with lawn maintenance costs averaging around $100 per month during mowing season. Each unit is separately metered for electric and the tenants pay for their own electricity. The renovated side of the duplex has a had a mini-split installed for heating and cooling, the other units have window units. The tenant on the renovated side of the duplex pays $950 per month and the other side pays $750 per month. The single-family home is primed and ready for a new tenant, offering an opportunity to set a competitive rental rate and further enhance your return on investment. Don't miss out on this chance to acquire a well-maintained, income-generating property with potential for expansion. Whether you're a seasoned investor or entering the real estate market, this property is a standout opportunity for long-term financial growth. Schedule a viewing today and unlock the full potential of this unique duplex and single-family home combo! Buyer and Buyer's agent to verify all information.

Sewer:Septic Tank: true

Showing Instructions:Showing Service: true

Style:Ranch: true

TopographyLot Description:Level2: true

Unit 1:# Bathrooms5: 1.0

Unit 1:# Bedrooms3: 2

Unit 1:SqFt6: 900

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 2

Unit 2:SqFt5: 900

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 1

Unit 3:SqFt2: 572

Water:Public: true