$1,425,000
Kingsport, TN 37663
MLS# 9947045
Status: Closed
13739 sqft
1 / 50
Property Description
12-13 Cap and 100% occupancy very low turn over, long term tenants with lots of upgrades and granite! 20 one bedroom apartments with 60% upgraded with LVT or new carpet and granite countertops. These units could easily rent for $700+ a month not counting short term rental or the stand alone building that will house a western wear store for $950/month. It's on septic currently but can be converted to sewer. Property is low maintenance and easy to upkeep.
Details
Maps
Location, Tax & Legal Info
Lot #: 2
Parcel ID: 092g B 003.00
Deed Book #: 1506C
Deed Page #: 331
City Taxes: 0
County Taxes: 6916.38
Contract Info
List Price/SqFt: 108.81
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1495000
Current Price: $1,425,000
Listing Date: 2023-01-06
General Property Description
Lot Dimensions: 191x452x202x384
Acres: 1.95
Zoning: B4
Elementary School: Rock Springs
Middle School: Sullivan Central Middle
Total Units: 21
High School: West Ridge
Property Sub-Type: Multi Family
Year Built: 1979
Total SqFt: 13739
Remarks & Misc
Directions: Fort Henry Drive to Colonial Heights Rd, Left at property, no sign
Property Condition
Above Average: 1
Average: 1
Exterior Finish
Brick: 1
Vinyl Siding: 1
Unit 1
# Units: 1
SqFt: 2128
Unit 2
# Units: 10
# Rooms: 10
# Bedrooms: 10
# Bathrooms: 10
SqFt: 6171
Style
Ranch: 1
Unit 3
# Units: 10
# Rooms: 10
# Bedrooms: 10
# Bathrooms: 10
SqFt: 5440
Levels
Two: 1
Heating
Central: 1
Heat Pump: 1
Info Available
Leases: 1
Pro-Forma Statement: 1
Rental Rolls: 1
AC
Central Air: 1
Heat Pump: 1
Utilities
Cable Available: 1
Water
Public: 1
See Remarks: 1
Sewer
Septic Tank: 1
Topography/Lot Description
Level: 1
Easements
Other: 1
Financing
Cash: 1
Conventional: 1
Existing Finance
Conventional: 1
Walls
Drywall: 1
Structure Type
House: 1
Expenses Include
Property Insurance: 1
Repairs and Maint: 1
Taxes Real Estate: 1
Utilities: 1
Waste: 1
Water/Sewer: 1
Location Tax Legal Info
Street #: 216
Street Name: Colonial Heights
St Suffix: Road
County: Sullivan
State/Province: TN
Zip Code: 37663
Subdivision: Not Listed
Status Change Info
Date Pending: 2023-01-12
Sold Date: 2023-03-15
Sold Price: $1,425,000
Property Features
Property Condition: Above Average; Average
Style: Ranch
Levels: Two
Exterior Finish: Brick; Vinyl Siding
Heating: Central; Heat Pump
Water: Public; See Remarks
Sewer: Septic Tank
AC: Central Air; Heat Pump
Utilities: Cable Available
Structure Type: House
Walls: Drywall
Info Available: Leases; Pro-Forma Statement; Rental Rolls
Easements: Other
Financing: Cash; Conventional
Existing Finance: Conventional
Expenses Include: Property Insurance; Repairs and Maint; Taxes Real Estate; Utilities; Waste; Water/Sewer
Listing Office: Bridge Pointe Real Estate Jonesborough
Last Updated: April - 30 - 2024
Information deemed reliable but not guaranteed.