$1,897,000
Kingsport, TN 37660
MLS# 329541
Status: Closed
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Property Description
EXECUTIVE & CORPORATE APARTMENT COMMUNITY FOR SALE! This 42 Unit Apartment Community is located in Kingsport, TN. It features Corporate Housing, Furnished Apartments, Temporary Housing, Short Term Apartment Rentals, Unfurnished Apartments and Extended Stay Suites. These UNIQUE 1 & 2 bedroom apartments feature fully equipped kitchens, queen beds, wireless internet, cable, on-site laundry facility, pet friendly, ample parking, patios, some creek side views, plus many more features too numerous to mention. They are close to shopping, medical and restaurants. The community consists of 3 different properties located close together. Property generates extraordinary Income and has an upside for potential business with the medical, industrial, and recreation and educational facilities in the region. Owner will also sell one of the properties separately-6 Unit townhouse building with long term tenants. Sellers VERY MOTIVATED due to other business interests.
Details
Maps
Location, Tax & Legal Info
Unit #: 0
Parcel ID: 061M B 041
Deed Book #: 2586C
Deed Page #: 432
City Taxes: 11515.04
County Taxes: 12454.36
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 2135000
Current Price: $1,897,000
Listing Date: 2013-02-11
General Property Description
Lot Dimensions: 1.5acres
Acres: 1.5
Zoning: R3
# Buildings: 5
Elementary School: Jefferson
# of Units: 42
Middle School: Robinson
High School: Dobyns Bennett
Stories: 2
Property Sub-Type: Multi Family
Year Built: 1999
Remarks & Misc
Directions: Ft. Henry Dr. to Rt on Warpath, Property on left at beginning of Konnarock.
Property Condition
Above Average: 1
Exterior Finish
Brick: 1
Vinyl Siding: 1
Unit 1
# Units: 20
# Bedrooms: 20
# Bathrooms: 22
Unit 2
# Units: 16
# Bedrooms: 32
# Bathrooms: 12
Roof
Composition: 1
Unit 3
# Units: 6
# Bedrooms: 12
# Bathrooms: 6
Levels
Two: 1
Window Features
Insulated Windows: 1
Interior Features
Laminate Counters: 1
Other: 1
See Remarks: 1
Amenities
Landscaping: 1
Exterior Features
Other: 1
See Remarks: 1
Heating
Electric: 1
Heat Pump: 1
Info Available
Profit/Loss Statement: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Dishwasher: 1
Electric Range: 1
Refrigerator: 1
Other: 1
See Remarks: 1
Topography/Lot Description
Other: 1
See Remarks: 1
Fireplace
Other: 1
See Remarks: 1
Flooring
Carpet: 1
Laminate: 1
Easements
None: 1
Basement
Other: 1
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Asphalt: 1
None: 1
Existing Finance
Conventional: 1
Other Rooms
Other: 1
See Remarks: 1
Porch/Patio/Deck
Other: 1
See Remarks: 1
Walls
Drywall: 1
Foundation
Other: 1
See Remarks: 1
Expenses Include
Other: 1
See Remarks: 1
Location Tax Legal Info
Street #: 1337
Street Name: Konnarock
St Suffix: Road
County: Sullivan
State/Province: TN
Zip Code: 37660
Area: 413 - Downtown,Greenfields,Hillcrest
Status Change Info
Date Pending: 2014-08-19
Sold Date: 2014-10-10
Sold Price: $1,897,000
Property Features
Property Condition: Above Average
Levels: Two
Exterior Finish: Brick; Vinyl Siding
Amenities: Landscaping
Interior Features: Laminate Counters; Other; See Remarks
Exterior Features: Other; See Remarks
Appliances: Dishwasher; Electric Range; Refrigerator; Other; See Remarks
Flooring: Carpet; Laminate
Roof: Composition
Other Rooms: Other; See Remarks
Parking Features: Asphalt; None
Heating: Electric; Heat Pump
Water: Public
Window Features: Insulated Windows
Sewer: Public Sewer
Fireplace: Other; See Remarks
Basement: Other; See Remarks
Foundation: Other; See Remarks
AC: Heat Pump
Walls: Drywall
Info Available: Profit/Loss Statement
Easements: None
Financing: Cash; Conventional
Existing Finance: Conventional
Expenses Include: Other; See Remarks
Listing Office: Blue Ridge Properties
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.