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127 Patrick Lane, Gray, TN 37615 - $625,000

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Blue Ridge Properties Listing

127 Patrick Lane, Gray, TN 37615 (MLS #9990235)

Basic Information:

Bedrooms: 8

Full Bathrooms: 4

Half Bathrooms: 0

Type: Residential

Sub Type: Single Family Residence

MLS Number: 9990235

Lot Acreage: 0.00000

Living Area: 3,750

Year Built:1950

Elementary School: Gray

Middle School: Gray

High School: Daniel Boone

Public Remarks: Looking for a lucrative investment in the heart of the Tri-Cities? Don't miss this one—location, location, location! Boasting four units in true turnkey condition, this stacked-flat fourplex offers 3,750+ sqft of finished living space and has been completely remodeled throughout. Currently generating a strong return, this like-new property has undergone extensive renovations throughout, including new flooring, sheetrock, mechanicals, roof, windows, kitchens, bathrooms, and more—making this a low-maintenance, plug-and-play investment. Individually metered and fully occupied, the property lends itself to a variety of investment strategies. Explore options such as long-term rentals, STRs, rent-by-the-room with PadSplit, or simply continue enjoying the solid cash flow from an already stabilized asset. Each unit features a spacious floor plan with 2 large bedrooms and 1 full bathroom, highlighted by durable LVP flooring, HVAC, laundry hookups, and dedicated outdoor space—all contributing to strong tenant appeal. Strategically positioned in the heart of everything, this property is located in an established neighborhood convenient to all nearby attractions that include local parks, retail, restaurants, grocery stores, while also being just a short drive away from nearly everything in the TriCities with easy access to I-81 & I-26! Whether you're a seasoned investor looking to strengthen your portfolio or an owner-occupant aiming to house hack and live for free, this property delivers exceptional versatility and tremendous upside. Opportunities like this don't come often—priced to sell at $625,000. Don't miss your chance—call today! Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.

Listing Courtesy:The Addington Agency Bristol

More Listing Info:

AC:Heat Pump3: true

Appliances:Dishwasher: true

Appliances:Electric Range: true

Appliances:Microwave: true

Appliances:Refrigerator: true

Basement:Finished2: true

Basement:Walk-Out Access: true

Contract Info:Foreclosure: No

Easements:Rec Right of Way: true

Easements:See Remarks18: true

Exterior Finish:Brick4: true

Flooring:Luxury Vinyl: true

General Property Description:Above Grade SqFt: 1875.0

General Property Description:Acres: 0.0

General Property Description:Baths - Full: 4

General Property Description:Deed Book #2: 1069

General Property Description:Deed Page #2: 2244

General Property Description:Elementary School3: Gray

General Property Description:High School3: Daniel Boone

General Property Description:HOA YN: No

General Property Description:Home Warranty: No

General Property Description:Lot Dimensions: IRR

General Property Description:Middle School2: Gray

General Property Description:Total Rooms2: 24

General Property Description:Total SqFt Finished: 3750.0

General Property Description:Total SqFt Unfinished: 0.0

General Property Description:Zoning2: Residential

Heating:Heat Pump2: true

Interior Features:Remodeled: true

Laundry Features:Electric Dryer Hookup: true

Laundry Features:Washer Hookup: true

Levels:Two: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 848.59

Other Rooms:Laundry: true

PorchPatioDeck:Deck: true

PorchPatioDeck:Patio: true

Property Condition:Above Average: true

Remarks Misc:Directions3: From I-26, Take exit 13 to merge onto TN-75 N/Bobby Hicks Hwy. Turn left onto Cox Rd. Sharp right onto Gray Station Rd.

Remarks Misc:userdefined80: Looking for a lucrative investment in the heart of the Tri-Cities? Don't miss this one—location, location, location! Boasting four units in true turnkey condition, this stacked-flat fourplex offers 3,750+ sqft of finished living space and has been completely remodeled throughout. Currently generating a strong return, this like-new property has undergone extensive renovations throughout, including new flooring, sheetrock, mechanicals, roof, windows, kitchens, bathrooms, and more—making this a low-maintenance, plug-and-play investment. Individually metered and fully occupied, the property lends itself to a variety of investment strategies. Explore options such as long-term rentals, STRs, rent-by-the-room with PadSplit, or simply continue enjoying the solid cash flow from an already stabilized asset. Each unit features a spacious floor plan with 2 large bedrooms and 1 full bathroom, highlighted by durable LVP flooring, HVAC, laundry hookups, and dedicated outdoor space—all contributing to strong tenant appeal. Strategically positioned in the heart of everything, this property is located in an established neighborhood convenient to all nearby attractions that include local parks, retail, restaurants, grocery stores, while also being just a short drive away from nearly everything in the TriCities with easy access to I-81 & I-26! Whether you're a seasoned investor looking to strengthen your portfolio or an owner-occupant aiming to house hack and live for free, this property delivers exceptional versatility and tremendous upside. Opportunities like this don't come often—priced to sell at $625,000. Don't miss your chance—call today! Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.

Roof:Shingle: true

Sewer:Public Sewer: true

SqFt Details:Basement Total SqFt: 1875

SqFt Details:Finished SqFt Level 1: 1875

SqFt Details:Garage Total SqFt: 0

Structure Type:Quadruplex: true

Style:Other3: true

Style:See Remarks2: true

TopographyLot Description:Level2: true

TopographyLot Description:Rolling Slope: true

Walls:Drywall: true

Water:Public: true