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Blue Ridge Properties Listing
1223 Wateree Street, Kingsport, TN 37660 (MLS #9998329)
Basic Information:
Bedrooms: 0
Full Bathrooms: 0
Half Bathrooms: 0
Type: Multi Family
Sub Type: Multi Family
MLS Number: 9998329
Lot Acreage: 0.26000
Living Area: 0
Year Built:1930
Elementary School: Lincoln
Middle School: Sevier
High School: Dobyns Bennett
Public Remarks: Seize the chance to own this centrally located 7-unit multi-family property in Kingsport, TN, offering an excellent return on investment. The complex includes five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, all fully occupied with total monthly rents of $7,090. Each unit is equipped with mini-split systems for efficient heating and cooling, ensuring tenant comfort year-round. Additionally, all units feature laundry hook-ups, adding convenience and appeal for residents. Two units have stackable units owned by the landlord. The property has undergone significant upgrades, including a new roof, updated electrical systems, and modernized plumbing. The recent encapsulation of the crawl space further enhances the building's structural integrity and energy efficiency. With a cap rate of 8.5%, this property is a compelling opportunity for investors seeking a stable and profitable asset. Don't miss out on this prime real estate in a vibrant community. Contact us today to schedule a viewing and explore the potential of this outstanding property!
Listing Courtesy:Weichert Realtors Saxon Clark KPT
More Listing Info:
AC:See Remarks11: true
Appliances:Dishwasher: true
Appliances:Electric Range: true
Appliances:Refrigerator: true
Contract Info:Foreclosure: No
Easements:None12: true
Exterior Finish:Brick4: true
Flooring:Hardwood: true
General Property Description:# Buildings: 1
General Property Description:Acres: 0.26
General Property Description:Elementary School3: Lincoln
General Property Description:High School3: Dobyns Bennett
General Property Description:HOA YN: No
General Property Description:Lot Dimensions: 137.83 X 78.28 IRR
General Property Description:Middle School2: Sevier
General Property Description:Stories2: 2
General Property Description:Total Units: 7
General Property Description:Zoning2: R 1B
Heating:See Remarks10: true
Laundry Features:Electric Dryer Hookup: true
Laundry Features:Washer Hookup: true
Levels:Two: true
Location Tax Legal Info:Block: 109
Location Tax Legal Info:City Taxes: 1498.73
Location Tax Legal Info:County Taxes: 1804.65
Location Tax Legal Info:Deed Book #: 3633
Location Tax Legal Info:Deed Page #: 2918
Location Tax Legal Info:Lot #: 10
Remarks Misc:Directions3: From Eastman Road follow Fort Henry Drive to Left on E Center St. Follow E. Center Street to right on Wateree St. Follow Wateree St. to the property on the left at the corner of Wateree and Oak St.
Remarks Misc:Public Remarks7: Seize the chance to own this centrally located 7-unit multi-family property in Kingsport, TN, offering an excellent return on investment. The complex includes five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, all fully occupied with total monthly rents of $7,090. Each unit is equipped with mini-split systems for efficient heating and cooling, ensuring tenant comfort year-round. Additionally, all units feature laundry hook-ups, adding convenience and appeal for residents. Two units have stackable units owned by the landlord. The property has undergone significant upgrades, including a new roof, updated electrical systems, and modernized plumbing. The recent encapsulation of the crawl space further enhances the building's structural integrity and energy efficiency. With a cap rate of 8.5%, this property is a compelling opportunity for investors seeking a stable and profitable asset. Don't miss out on this prime real estate in a vibrant community. Contact us today to schedule a viewing and explore the potential of this outstanding property!
Roof:Metal3: true
Structure Type:Multi Family: true
Style:Traditional3: true
TopographyLot Description:Level2: true
Unit 1:# Bathrooms5: 1.0
Unit 1:# Bedrooms3: 1
Unit 1:# Units: 5
Unit 1:Monthly Rent: 4600
Unit 2:# Bathrooms4: 1.0
Unit 2:# Bedrooms4: 2
Unit 2:# Units2: 2
Unit 2:Monthly Rent2: 2490
Unit 3:# Units3: 0
Unit 4:# Units4: 0
Water:Public: true
