Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Quadruplex

MLS Number: 9973233

Lot Acreage: 0.76000

Living Area: 0

Year Built:1983

Elementary School: Indian Springs

Middle School: Sullivan Central Middle

High School: West Ridge

Public Remarks: Looking for a lucrative investment in the heart of the TriCities? Don't miss this one! Boasting 4 units, this 4500+ sqft building showcases a unique townhome style development situated at the end of the cul de sac with tons of potential. Currently generating a generous return, this property offers a value add opportunity with below market rents, turn key condition with room for improvements, and possibility for so much more! Individually metered and eligible for HUD, this property could be tailored to meet various investment strategies- consider affordable housing, elevate to upscale townhomes, or continue benefiting from the lucrative returns that are already being generated from this stable asset. Each unit offers a well maintained condition highlighted with a spacious floor plan, luxury vinyl flooring in most units, HVAC, and sliding glass doors leading to the secluded back patio. Strategically positioned in the county, yet located in the highly sought after Cooks Valley area, this property showcases an enviable location convenient to nearly everything with easy access on to Hwy 126, I-81, and much more! Whether you're a savvy investor looking to add a great asset to the portfolio, or aiming to live for free by house hacking, this property delivers unparalleled versatility and potential! Opportunities like this do not come up often and will not last long priced to sell at $450k. Don't miss your chance, and call today to take advantage of this opportunity! The property is 100% leased, and will not be conducting showings without an accepted offer or LOI. There is a virtual tour of the property that allows you, or your agent, to view the interior online. The information provided herein is deemed reliable but is collected from third party sources and subject to buyers, or buyers agent, verification.

Listing Courtesy:The Addington Agency Bristol

More Listing Info:

AC:Heat Pump3: true

Appliances:Dishwasher: true

Appliances:Electric Range: true

Appliances:Refrigerator: true

Contract Info:Foreclosure: No

Easements:None12: true

Exterior Finish:Brick4: true

Flooring:Carpet: true

Flooring:Laminate: true

Flooring:Luxury Vinyl: true

Flooring:Tile2: true

General Property Description:# Buildings: 1

General Property Description:# of Units: 4.0

General Property Description:Acres: 0.76

General Property Description:Elementary School3: Indian Springs

General Property Description:High School3: West Ridge

General Property Description:HOA YN: No

General Property Description:Lot Dimensions: 33,105

General Property Description:Middle School2: Sullivan Central Middle

General Property Description:Senior Community YN3: No

General Property Description:Stories2: 2

General Property Description:Total Units: 4

General Property Description:Zoning2: R1

Heating:Heat Pump2: true

Income and Expenses:Gross Annual Income: 42720

Income and Expenses:Vacancy Rate %: 0.0

Interior Features:See Remarks4: true

Levels:Two: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 2086.66

Location Tax Legal Info:Deed Book #: 3273

Location Tax Legal Info:Deed Page #: 235

Location Tax Legal Info:Lot #: 6

Other Rooms:Primary Bathroom: true

Parking Features:Parking Pad: true

PorchPatioDeck:Rear Patio: true

Property Condition:Above Average: true

Property Condition:Average: true

Remarks Misc:Directions3: From I-81S, Take exit 66 toward Kingsport. Turn right onto TN-126 W. Turn left onto Cooks Valley Rd. Turn right onto Spardale St. Turn right onto Emerald Dr. GPS Friendly.

Remarks Misc:Public Remarks2: Looking for a lucrative investment in the heart of the TriCities? Don't miss this one! Boasting 4 units, this 4500+ sqft building showcases a unique townhome style development situated at the end of the cul de sac with tons of potential. Currently generating a generous return, this property offers a value add opportunity with below market rents, turn key condition with room for improvements, and possibility for so much more! Individually metered and eligible for HUD, this property could be tailored to meet various investment strategies- consider affordable housing, elevate to upscale townhomes, or continue benefiting from the lucrative returns that are already being generated from this stable asset. Each unit offers a well maintained condition highlighted with a spacious floor plan, luxury vinyl flooring in most units, HVAC, and sliding glass doors leading to the secluded back patio. Strategically positioned in the county, yet located in the highly sought after Cooks Valley area, this property showcases an enviable location convenient to nearly everything with easy access on to Hwy 126, I-81, and much more! Whether you're a savvy investor looking to add a great asset to the portfolio, or aiming to live for free by house hacking, this property delivers unparalleled versatility and potential! Opportunities like this do not come up often and will not last long priced to sell at $450k. Don't miss your chance, and call today to take advantage of this opportunity! The property is 100% leased, and will not be conducting showings without an accepted offer or LOI. There is a virtual tour of the property that allows you, or your agent, to view the interior online. The information provided herein is deemed reliable but is collected from third party sources and subject to buyers, or buyers agent, verification.

Roof:Shingle: true

Structure Type:Quadruplex: true

Style:See Remarks40: true

Style:Townhouse2: true

TopographyLot Description:Level2: true

Unit 1:# Bathrooms5: 1.0

Unit 1:# Bedrooms3: 2

Unit 1:# Half Baths: 1.0

Unit 1:# Rooms4: 6

Unit 1:# Units: 1

Unit 1:Monthly Rent: 825

Unit 1:SqFt6: 1149

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 2

Unit 2:# Half Baths2: 1.0

Unit 2:# Rooms3: 7

Unit 2:# Units2: 1

Unit 2:Monthly Rent2: 875

Unit 2:SqFt5: 1149

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 2

Unit 3:# Rooms2: 6

Unit 3:# Units3: 1

Unit 3:Half Baths: 1.0

Unit 3:Monthly Rent3: 860

Unit 3:SqFt2: 1149

Unit 4:# Bathrooms2: 1.0

Unit 4:# Bedrooms6: 2

Unit 4:# Rooms: 6

Unit 4:# Units4: 1

Unit 4:Half Baths2: 1.0

Unit 4:Monthly Rent4: 1000

Unit 4:SqFt: 1149

Walls:Drywall: true

Walls:Paneling: true

Water:Public: true