$549,900
Kingsport, TN 37664
MLS# 9964153
1 / 57
Property Description
Calling all investors!! This 12 Bedroom 11 bath multi family home is exactly what you're looking for! This property is close to East Stone Drive and Dobyns-Bennett High School! Property needs some TLC but still cash flows, and can cash flow even more if fixed up. This building is 11 units bringing in $6,050 a month or $72,600 annually! Owner pays utilities, no HOA or CAM fees. This would be a perfect addition to your investment portfolio, schedule a showing today!
Details
Maps
Location, Tax & Legal Info
Street #: 2020
St Direction: East
Street Name: Center
St Suffix: Street
County: Sullivan
State/Province: TN
Zip Code: 37664
Lot #: P 6
Block: 8
Deed Book #: 3456
Deed Page #: 899
Parcel ID: 061d E 013.00
City Taxes: 1580.26
County Taxes: 1902.82
Contract Info
Status: Active
Listing Price: 549900
Current Price: $549,900
Listing Date: 2024-04-06
Buyer Broker: Yes
Buyer Broker Comm: 2.5
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: 25 X 145
Acres: 0.09
Zoning: Commercial
Property Sub-Type: Multi-Family
# Buildings: 1
# of Units: 11
Total Units: 11
Stories: 2
Year Built: 1920
Elementary School: Lincoln
Middle School: Sevier
High School: Dobyns Bennett
Home Warranty: No
HOA Y/N: No
Remarks & Misc
Public Remarks: Calling all investors!! This 12 Bedroom 11 bath multi family home is exactly what you're looking for! This property is close to East Stone Drive and Dobyns-Bennett High School! Property needs some TLC but still cash flows, and can cash flow even more if fixed up. This building is 11 units bringing in $6,050 a month or $72,600 annually! Owner pays utilities, no HOA or CAM fees. This would be a perfect addition to your investment portfolio, schedule a showing today!
Directions: On I-26 W, take exit 4 for TN-92 S. Continue straight onto Old Wilcox Dr. Continue onto Sheridan Square/S Wilcox Dr. Turn Right onto E Center St. 2020 E Center St will be on the left.
Unit 1
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 700
Unit 2
# Units: 6
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 650
Unit 3
# Units: 3
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 550
Unit 4
# Units: 1
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 450
Property Features
Property Condition: Below Average
Style: See Remarks
Levels: Two
Exterior Finish: Brick
Interior Features: See Remarks
Exterior Features: See Remarks
Appliances: See Remarks
Flooring: Carpet; Laminate; Vinyl
Roof: Rubber
Topography/Lot Description: Level
Heating: Radiant
Water: Public
Sewer: Public Sewer
Basement: Concrete; Sump Pump
AC: Window Unit(s)
Construction: Site Built
Walls: Drywall; Paneling; Plaster
Info Available: Rental Rolls
Easements: None
Financing: Cash; Conventional
Expenses Include: Utilities; See Remarks
Listing Office: Greater Impact Realty Jonesborough
Last Updated: April - 06 - 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.