$349,000
1220 Morningside Circle
Kingsport, TN 37664
MLS# 9963832
Status: Active Under Contract
2850 sqft


1220 Morningside Circle, Kingsport, TN 37664
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1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664 1220 Morningside Circle, Kingsport, TN 37664

Property Description
Owner will CONSIDER financing with an acceptable down payment. This residence comprises three distinct and independent units; it can function as a single-family dwelling or as a triplex. The front unit features two bedrooms, one bathroom, a living room, an eat-in kitchen, and a reading room. Exiting this unit through the reading room, ascend two steps to the shared laundry area and hallway leading to the entrance of Unit 2, which could serve as an impressive primary suite (refer to Unit #2 description). In the hallway, descending the stairs takes you to Unit #3, allowing internal access to all units, which is ideal for a multi-generational household. Unit #2 is designed as a studio with an open living area, a modest kitchen equipped with a refrigerator and microwave, and a spacious bathroom boasting a garden tub and separate shower. Unit #3, located on the lower level, includes a vast open living/dining space, an expansive kitchen, one bathroom, and one bedroom. A communal laundry facility is accessible to all occupants. Each unit has its own deck, with the front unit overlooking the street. The property is fully enclosed and includes a storage shed. This home underwent extensive renovations in 2023, including new HVAC systems for each unit. It features a durable metal roof and is offered fully furnished. More... Private Remarks: WITH ALL THE RENOVATIONS THIS PROPERTY HAS HAD; IT COMPS OUT AT $447,000. This property is tenant occupied, do not go there without making an appointment. Thank you. FOR POTENTIAL INVESTORS: RENTS HAVE BEEN: Unit #1: $1800/month Unit #2: $1400/month Unit #3: $1600/month Utilities average out to approximately $500/month pest control$58/mo lawn care $100/mo insurance for the building $1242/yr

Details
Maps
Location, Tax & Legal Info
Street #: 1220
Street Name: Morningside
St Suffix: Circle
County: Sullivan
State/Province: TN
Zip Code: 37664
Lot #: 7
Block: 81
Deed Book #: 3558
Deed Page #: 189
Parcel ID: 061c A 006.00
City Taxes: 644.45
County Taxes: 776
Contract Info
Status: Active Under Contract
Listing Price: 349000
Current Price: $349,000
List Price/SqFt: 122.46
Listing Date: 2024-03-29
Buyer Broker: Yes
Buyer Broker Comm: 2.5
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: 53.9 X 150 IRR
Acres: 0.23
Zoning: residential
Property Sub-Type: Multi-Family
# Buildings: 1
# of Units: 3
Total Units: 3
Stories: 2
Year Built: 1940
# Fireplaces: 1
Elementary School: Lincoln
Middle School: Sevier
High School: Dobyns Bennett
Home Warranty: No
HOA Y/N: No
Total SqFt: 2850
Remarks & Misc
Public Remarks: Owner will CONSIDER financing with an acceptable down payment. This residence comprises three distinct and independent units; it can function as a single-family dwelling or as a triplex. The front unit features two bedrooms, one bathroom, a living room, an eat-in kitchen, and a reading room. Exiting this unit through the reading room, ascend two steps to the shared laundry area and hallway leading to the entrance of Unit 2, which could serve as an impressive primary suite (refer to Unit #2 description). In the hallway, descending the stairs takes you to Unit #3, allowing internal access to all units, which is ideal for a multi-generational household. Unit #2 is designed as a studio with an open living area, a modest kitchen equipped with a refrigerator and microwave, and a spacious bathroom boasting a garden tub and separate shower. Unit #3, located on the lower level, includes a vast open living/dining space, an expansive kitchen, one bathroom, and one bedroom. A communal laundry facility is accessible to all occupants. Each unit has its own deck, with the front unit overlooking the street. The property is fully enclosed and includes a storage shed. This home underwent extensive renovations in 2023, including new HVAC systems for each unit. It features a durable metal roof and is offered fully furnished. More... Private Remarks: WITH ALL THE RENOVATIONS THIS PROPERTY HAS HAD; IT COMPS OUT AT $447,000. This property is tenant occupied, do not go there without making an appointment. Thank you. FOR POTENTIAL INVESTORS: RENTS HAVE BEEN: Unit #1: $1800/month Unit #2: $1400/month Unit #3: $1600/month Utilities average out to approximately $500/month pest control$58/mo lawn care $100/mo insurance for the building $1242/yr
Directions: Off Center Street onto Summer to Morningside
Status Change Info
Date Pending: 2024-04-09
Income and Expenses
Annual Operating Expenses: 8042
Net Annual Income: 49558
Gross Annual Income: 57600
Unit 1
# Units: 1
# Rooms: 5
# Bedrooms: 2
# Bathrooms: 1
SqFt: 1100
Monthly Rent: 1800
Unit 2
# Units: 2
# Rooms: 2
# Bathrooms: 1
SqFt: 450
Monthly Rent: 1400
Unit 3
# Units: 3
# Rooms: 4
# Bedrooms: 1
# Bathrooms: 1
SqFt: 1300
Monthly Rent: 1600
Property Features
Property Condition: Above Average; Updated/Remodeled
Style: Traditional; See Remarks
Levels: Two
Exterior Finish: Vinyl Siding
Interior Features: Eat-in Kitchen; Garden Tub; Laminate Counters; See Remarks
Exterior Features: Balcony; See Remarks
Appliances: Dryer; Electric Range; Microwave; Refrigerator; Washer; See Remarks
Flooring: Hardwood; Luxury Vinyl; Tile
Roof: Metal
Other Rooms: See Remarks
Parking Features: Driveway
Porch/Patio/Deck: Deck; Porch
Topography/Lot Description: See Remarks
Heating: Central; Other; See Remarks
Water: Public
Window Features: Double Pane Windows
Sewer: Public Sewer
Fireplace: See Remarks
Fencing: Full; Privacy
Foundation: Block
AC: Central Air; Zoned
Construction: Site Built
Walls: Drywall; Plaster
Easements: See Remarks
Financing: Cash; Conventional; Indiv/Seller Financing
Existing Finance: None
Expenses Include: Cable TV; Electric; Lawn Maint; Taxes Real Estate; Utilities; Waste; Water/Sewer; See Remarks

Listing Office: eXp Realty, LLC

Last Updated: April - 11 - 2024


The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.


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