$2,225,000
Kingsport, TN 37664
MLS# 9947049
Status: Closed
21804 sqft
1 / 35
Property Description
Well maintained 34 unit apartment complex across from Eastman! Just imagine the corporate short term per diem rental potential with this one! 8 large 2 bedrooms and 26 one bedrooms with 3 sizes that will offer a nice mix for your tenants. Most tenants are month to month and have been here for years. Rents are coming up and will come up. Newly rented units were rented closer to market rents. This apartment complex has the ability to cap at 12-13% or more! With the stock market down, why risk your losses when you can win here!! The potential is easy for it to only get better with a well maintained and cared for complex. Next showing for 8 units Wednesday January 11th 11-1
Details
Maps
Location, Tax & Legal Info
Parcel ID: 076d A 004.00
Deed Book #: 2637C
Deed Page #: 35
City Taxes: 7011.64
County Taxes: 8442.87
Contract Info
List Price/SqFt: 114.43
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 2495000
Current Price: $2,225,000
Listing Date: 2023-01-07
General Property Description
Lot Dimensions: 515x535x467x318
Acres: 5
Zoning: R3
Elementary School: Johnson
# of Units: 34
Middle School: Robinson
Total Units: 34
High School: Dobyns Bennett
Property Sub-Type: Multi Family
Year Built: 1964
Total SqFt: 21804
Remarks & Misc
Directions: I 26 to Wilcox to John B Dennis
Just past Eastman on your right
Property Condition
Above Average: 1
Exterior Finish
Brick: 1
Unit 1
SqFt: 7168
Unit 2
SqFt: 7168
Unit 3
SqFt: 7168
Levels
Two: 1
Unit 4
SqFt: 300
Heating
Central: 1
Heat Pump: 1
Info Available
Leases: 1
Pro-Forma Statement: 1
Profit/Loss Statement: 1
Rental Rolls: 1
AC
Heat Pump: 1
Wall Unit(s): 1
Utilities
Cable Available: 1
Water
Public: 1
Sewer
Public Sewer: 1
Topography/Lot Description
Level: 1
Part Wooded: 1
Rolling Slope: 1
Steep Slope: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Walls
Drywall: 1
Structure Type
House: 1
Location Tax Legal Info
Street #: 1701
St Direction: North
Street Name: John B Dennis
St Suffix: Highway
County: Sullivan
State/Province: TN
Zip Code: 37664
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2023-02-04
Sold Date: 2023-03-31
Sold Price: $2,225,000
Property Features
Property Condition: Above Average
Levels: Two
Exterior Finish: Brick
Heating: Central; Heat Pump
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Sewer: Public Sewer
AC: Heat Pump; Wall Unit(s)
Utilities: Cable Available
Structure Type: House
Walls: Drywall
Info Available: Leases; Pro-Forma Statement; Profit/Loss Statement; Rental Rolls
Easements: None
Financing: Cash; Conventional
Listing Office: Bridge Pointe Real Estate Jonesborough
Last Updated: May - 30 - 2023
Information deemed reliable but not guaranteed.