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

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Bedrooms: 8 Full Bathrooms: 4 Half Bathrooms: 0
Type: Residential Sub Type: Single Family Residence MLS Number: 9990235
Living Area: 3,750 Lot Acreage: 0 Year Built: 1950
Elementary School: Gray Middle School: Gray High School: Daniel Boone
Property Description
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 Status
Active
  • More Listing Info
    AC:Heat Pump3true
    Appliances:Dishwashertrue
    Appliances:Electric Rangetrue
    Appliances:Microwavetrue
    Appliances:Refrigeratortrue
    Basement:Finished2true
    Basement:Walk-Out Accesstrue
    Contract Info:ForeclosureNo
    Easements:Rec Right of Waytrue
    Easements:See Remarks18true
    Exterior Finish:Brick4true
    Flooring:Luxury Vinyltrue
    General Property Description:Above Grade SqFt1875.0
    General Property Description:Acres0.0
    General Property Description:Baths - Full4
    General Property Description:Deed Book #21069
    General Property Description:Deed Page #22244
    General Property Description:Elementary School3Gray
    General Property Description:High School3Daniel Boone
    General Property Description:HOA YNNo
    General Property Description:Home WarrantyNo
    General Property Description:Lot DimensionsIRR
    General Property Description:Middle School2Gray
    General Property Description:Total Rooms224
    General Property Description:Total SqFt Finished3750.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2Residential
    Heating:Heat Pump2true
    Interior Features:Remodeledtrue
    Laundry Features:Electric Dryer Hookuptrue
    Laundry Features:Washer Hookuptrue
    Levels:Twotrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes848.59
    Other Rooms:Laundrytrue
    PorchPatioDeck:Decktrue
    PorchPatioDeck:Patiotrue
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3From 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:userdefined80Looking 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:Shingletrue
    Sewer:Public Sewertrue
    SqFt Details:Basement Total SqFt1875
    SqFt Details:Finished SqFt Level 11875
    SqFt Details:Garage Total SqFt0
    Structure Type:Quadruplextrue
    Style:Other3true
    Style:See Remarks2true
    TopographyLot Description:Level2true
    TopographyLot Description:Rolling Slopetrue
    Walls:Drywalltrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
The Addington Agency Bristol
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