Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Sale

Sub Type:

MLS Number: 9997509

Lot Acreage: 0.60000

Living Area: 10,034

Year Built:1937

Elementary School:

Middle School:

High School:

Public Remarks: Exceptional investment opportunity in the heart of Kingsport. Originally constructed as Riverfront Hospital, the city's first hospital, this historic apartment building has been thoughtfully updated while retaining its unique character. The property offers 10 residential units, including eight 2-bedroom apartments and two 1-bedroom apartments. Tenants are responsible for their own electric and water utilities. Overlooking the Holston River and Riverfront Park, the location is one of the property's greatest assets, providing both scenic views and convenient access to downtown amenities. Major capital improvements have already been completed. Approximately eight of the ten units were extensively renovated. During the renovations, much of the original plumbing was replaced. There are new appliances throughout many of the units, including washers and dryers in select apartments. This is a rare opportunity to acquire a historic, income-producing property with significant updates already completed in one of Kingsport's most desirable riverfront locations.

Listing Courtesy:Wallace

More Listing Info:

AC:Heat Pump3: true

Business Type:Residential2: true

Contract Info:Foreclosure: No

Development Status:Finished Lot(s): true

Electric Service:Other34: true

Exterior Finish:Brick4: true

General Property Description:Acres: 0.6

General Property Description:Annual Lease: 62280.0

General Property Description:HOA YN: No

General Property Description:Lease: No

General Property Description:Lot Size2: 26,136'

General Property Description:Total SqFt Finished: 10034.0

General Property Description:Total SqFt Unfinished: 0.0

General Property Description:Zoning2: PVD

Heating:Heat Pump2: true

Info Available:Leases2: true

Location Tax Legal Info:City Taxes: 4314.02

Location Tax Legal Info:County Taxes: 4148.38

Location Tax Legal Info:Deed Book #: 3464

Location Tax Legal Info:Deed Page #: 968

Location Tax Legal Info:Lot #: 2-3

Other Equipment:Other39: true

Property Condition:Above Average: true

Remarks Misc:Directions3: From I-81, take Exit 59A onto I-26 W/US-23 N toward Kingsport. Take Exit 1 (West Stone Dr), continue east, turn right onto Center St., then left onto Netherland Inn Rd. Continue approximately 1 mile. Property is on the right overlooking the Holston River.

Remarks Misc:Public Remarks7: Exceptional investment opportunity in the heart of Kingsport. Originally constructed as Riverfront Hospital, the city's first hospital, this historic apartment building has been thoughtfully updated while retaining its unique character. The property offers 10 residential units, including eight 2-bedroom apartments and two 1-bedroom apartments. Tenants are responsible for their own electric and water utilities. Overlooking the Holston River and Riverfront Park, the location is one of the property's greatest assets, providing both scenic views and convenient access to downtown amenities. Major capital improvements have already been completed. Approximately eight of the ten units were extensively renovated. During the renovations, much of the original plumbing was replaced. There are new appliances throughout many of the units, including washers and dryers in select apartments. This is a rare opportunity to acquire a historic, income-producing property with significant updates already completed in one of Kingsport's most desirable riverfront locations.

Restrictions:Other37: true

Road Access:City Street: true

Roof:Shingle: true

Sale Includes:Fee Simple: true

Sewer:Public Sewer: true

Water:Public: true