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308 East Sullivan Street
Kingsport TN 37660
MLS #9995567 · Listing Courtesy of Blue Ridge Properties
$499,900
Active
0.02
Acres
1920
Built
Property Description
Own a beautifully maintained, privately situated three-unit condo investment that is truly turn-key. Completely remodeled and featuring a brand-new roof, this property offers peace of mind along with modern style and quality. This exceptional property comes fully furnished, with all beautiful furniture and amazing appliances remaining -- allowing for immediate income potential from day one. Even better, it comes with an established and loyal clientele already in place, making this a seamless transition for any savvy investor.
Each unit is thoughtfully designed and tastefully appointed, creating a warm, inviting atmosphere that keeps guests coming back time and time again. Whether you choose to continue operating as a successful short-term rental or explore long-term leasing options, the possibilities are both flexible and rewarding.
These beautiful condos are not only located in the heart of Downtown Kingsport, but are also housed within a stunning, tall historic building-offering timeless character alongside modern comfort. Tucked away for privacy yet conveniently located near the vibrant charm of downtown, this property offers the perfect balance of seclusion and accessibility.
Opportunities like this are incredibly rare-own not just real estate, but a thriving, income-producing asset from day one.
Schedule your private showing today and step into a proven investment with endless potential!
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9995567
Lot Dimensions28.22 X 42.33 IRR
City Taxes$783.72
County Taxes$753.63
Elementary SchoolLincoln
Middle SchoolSevier
High SchoolDobyns Bennett
Features & Amenities
2 Person Tub
Above Average Condition
Brick Exterior
Brick Flooring
Built-In Electric Oven
Cable Available
Cable Connected
Carbon Monoxide Detector(s)
Central Air
Central Heating
Ceramic Tile Flooring
Concrete Perimeter Foundation
Dishwasher
Double Pane Windows
Dryer
Drywall Walls
Eat-in Kitchen
Electric Dryer Hookup
Electricity Available
Electricity Connected
Fiber Available
Fire Alarm
Firewall(s)
Floor Plan
Granite Counters
Hardwood Flooring
Microwave
Open Floorplan
Public Sewer
Public Water
Refrigerator
Rubber Roof
Sewer Available
Sewer Connected
Smoke Detector(s)
Stone Exterior
Three Or More-Level
Tile Flooring
Walk-In Closet(s)
Washer
Washer Hookup
Water Available
Water Connected
Wide Doors
Directions
Downtown Kingsport to Broad Street to Church Circle. Turn right onto East Sullivan Street, building will be on your right.
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Additional Information
Contract InfoForeclosureNoEasementsSee RemarksYesGeneral Property Description# Buildings1# of Units3HOANoStories3Total Units3ZoningB 2Income and ExpensesAnnual Operating Expenses4,295Annual Utility Expenses5,424Gross Annual Income55,200Net Annual Income45,401Vacancy Rate %100Location Tax Legal InfoBlock156Deed Book #3,549Deed Page #1,032Lot #PT12Parking FeaturesOtherYesStructure TypeMulti FamilyYesStyleOtherYesTopographyLot DescriptionSee RemarksYesUnit 1# Bathrooms1# Bedrooms1# Rooms3Monthly Rent1,000SqFt923Unit 2# Bathrooms1# Bedrooms1# Rooms3Monthly Rent1,500SqFt1,023Unit 3# Bathrooms1# Bedrooms1# Rooms2Monthly Rent1,500SqFt1,023
Listing Agent
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