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Blue Ridge Properties Listing
1527-1529 Fuller Street, Kingsport, TN 37664 (MLS #9977041)
Basic Information:
Bedrooms: 0
Full Bathrooms: 0
Half Bathrooms: 0
Type: Multi Family
Sub Type: Multi Family
MLS Number: 9977041
Lot Acreage: 0.15000
Living Area: 0
Year Built:1935
Elementary School: Jefferson
Middle School: Robinson
High School: Dobyns Bennett
Public Remarks: This investment property—featuring a quadplex and a standalone house—offers immediate rental income with over an 8% cap rate. Unlike properties priced for potential earnings, this opportunity allows you to buy at today's income and grow into future potential, ensuring a solid return from day one while leaving room for increased cash flow over time. The current owner has stabilized rents at a sustainable level, providing an opportunity for future rent increases as further improvements are made and as the market naturally appreciates. Recent updates include new windows, updated flooring, and mini-split units, enhancing efficiency and tenant satisfaction. Unit 8 has been intentionally left vacant for showings, allowing the new owner to decide its best use. High rental demand is already proven, with multiple inquiries received for this unit alone. Located in Kingsport, close to shopping, dining, and essential amenities, this property ensures strong occupancy and long-term tenant appeal. Whether you're a seasoned investor or entering the market, this is a rare opportunity to generate immediate cash flow while strategically increasing returns over time.
Listing Courtesy:Blue Ridge Properties
More Listing Info:
AC:See Remarks11: true
AC:Window Unit(s): true
Appliances:Dishwasher: true
Appliances:Electric Range: true
Appliances:Refrigerator: true
Contract Info:Foreclosure: No
Easements:None12: true
Exterior Finish:Brick4: true
Flooring:Laminate: true
General Property Description:# Buildings: 2
General Property Description:# of Units: 5.0
General Property Description:Acres: 0.15
General Property Description:Elementary School3: Jefferson
General Property Description:High School3: Dobyns Bennett
General Property Description:HOA YN: No
General Property Description:Home Warranty2: No
General Property Description:Lot Dimensions: 50X120
General Property Description:Middle School2: Robinson
General Property Description:Senior Community YN3: No
General Property Description:Stories2: 2
General Property Description:Total Units: 5
General Property Description:Zoning2: Commercial
Heating:See Remarks10: true
Heating:Wall Furnace: true
Info Available:Rental Rolls: true
Levels:Two: true
Location Tax Legal Info:Block: 2
Location Tax Legal Info:City Taxes: 969.58
Location Tax Legal Info:County Taxes: 1167.49
Location Tax Legal Info:Deed Book #: 3543
Location Tax Legal Info:Deed Page #: 1972
Location Tax Legal Info:Lot #: 12
Parking Features:Asphalt2: true
Parking Features:Gravel: true
Property Condition:Above Average: true
Remarks Misc:Directions3: Kingsport, Eastman Road, Right on E Center st, Right on Fuller St, Property is on the left
Remarks Misc:Public Remarks2: This investment property—featuring a quadplex and a standalone house—offers immediate rental income with over an 8% cap rate. Unlike properties priced for potential earnings, this opportunity allows you to buy at today's income and grow into future potential, ensuring a solid return from day one while leaving room for increased cash flow over time. The current owner has stabilized rents at a sustainable level, providing an opportunity for future rent increases as further improvements are made and as the market naturally appreciates. Recent updates include new windows, updated flooring, and mini-split units, enhancing efficiency and tenant satisfaction. Unit 8 has been intentionally left vacant for showings, allowing the new owner to decide its best use. High rental demand is already proven, with multiple inquiries received for this unit alone. Located in Kingsport, close to shopping, dining, and essential amenities, this property ensures strong occupancy and long-term tenant appeal. Whether you're a seasoned investor or entering the market, this is a rare opportunity to generate immediate cash flow while strategically increasing returns over time.
Roof:Shingle: true
Sewer:Public Sewer: true
Structure Type:House: true
Structure Type:Multi Family: true
Structure Type:Quadruplex: true
Style:Traditional3: true
TopographyLot Description:Level2: true
Unit 1:# Bathrooms5: 4.0
Unit 1:# Bedrooms3: 6
Unit 1:# Units: 4
Unit 1:Monthly Rent: 3025
Unit 1:SqFt6: 2646
Unit 2:# Bathrooms4: 1.0
Unit 2:# Bedrooms4: 1
Unit 2:# Units2: 1
Unit 2:Monthly Rent2: 550
Unit 2:SqFt5: 640
Unit 3:# Units3: 0
Unit 4:# Units4: 0
Water:Public: true
