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Listing Details

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1300 Holyoke Street

Kingsport TN 37664
MLS #9999939 · Listing Courtesy of Crye-Leike Realtors
$625,000
Active
3,248
Sq Ft
0.23
Acres
1967
Built
Property Description
Fabulous four-unit investment property centrally located in downtown Kingsport, just minutes from I-26, area hospitals, major chemical and paper plants, restaurants, shopping, and everyday conveniences! There are 4 total units, each consisting of 2 bedrooms and 1 full bath. This property has been extensively remodeled and updated, including flooring, interior paint, appliances, plumbing, HVAC units, windows, and a durable metal roof. The brick exterior and metal roofing provide the added benefit of minimal exterior maintenance. All four units are currently furnished, with the owner paying utilities, taxes, and other property expenses. Current occupants are on three-month leases that transition to month-to-month thereafter. The owner has successfully catered to short-term and temporary occupants, including traveling nurses, interns, and other professionals--creating an attractive opportunity for an investor seeking a furnished rental property. For added flexibility, each unit has its own separate utility meter and HVAC system, allowing a future owner to easily transition utility expenses to tenants and pursue a more traditional rental structure if desired. The owner will also consider selling the furnishings and personal property currently located within the units, offering the potential for a truly turnkey investment opportunity. Whether continuing the current furnished rental model or transitioning to traditional long-term rentals, this property offers multiple income strategies, low-maintenance construction, and an excellent central Kingsport location!
Property Facts
Property TypeCommercial Sale
MLS Number9999939
City Taxes$2,048.32
County Taxes$1,969.67
Features & Amenities
Interior
Central Air
Dishwasher
Exterior Lights
Heat Pump
Range
Refrigerator
Washer
Exterior
Brick Exterior
City Street
Infrastructure In
Metal Roof
Other
220 Volts
Above Average Condition
Electricity Connected
Fee Simple
Fiber Available
Floor Plan
Lease Hold
Profit/Loss Statement
Public Sewer
Public Water
Rental Rolls
Residential
Sewer Connected
Water Connected
Directions
From downtown Kingsport: Travel Center Street to right onto Lamont. Turn right on Holyoke Street. Located on the corner of Holyoke and Federal Street. Parking is on the right.
  • Additional Information
    Contract Info
    ForeclosureNo
    Easements
    NoneYes
    General Property Description
    # Parking Spaces8
    Annual Lease50,319
    HOANo
    LeaseNo
    Lot Size100 x 100
    Stories2
    Total Finished SqFt3,248
    Unfinished SqFt0
    ZoningR 1C
    Location Tax Legal Info
    Block163
    Deed Book #3,440
    Deed Page #320
    Lot #1A
    Restrictions
    OtherYes
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