$235,000
228 Moreland Drive
Kingsport, TN 37660
MLS# 9961398
Status: Closed
2372 sqft


228 Moreland Drive, Kingsport, TN 37660
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228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660 228 Moreland Drive, Kingsport, TN 37660

Property Description
Welcome to a unique investment opportunity! This property features a recently renovated single-family home and a duplex, all on the same parcel. The duplex has a 2 bedrooms and 1 bathroom on each side of the building with separate driveways for privacy. One side of the duplex has been renovated in recent years. The single-family home, also recently renovated, provides a cozy 1-bedroom, 1-bathroom rental. The full, unfinished basement beneath the duplex is a hidden gem, complete with washer and dryer hookups. The coin operated washer and dryer convey to the buyer. This versatile space presents endless possibilities for additional storage or the potential to possibly create another rental unit, maximizing your rental income. The expenses for the seller includes water (about $70/month on average), property taxes, property insurance, and lawn care, with lawn maintenance costs averaging around $100 per month during mowing season. Each unit is separately metered for electric and the tenants pay for their own electricity. The renovated side of the duplex has a had a mini-split installed for heating and cooling, the other units have window units. The tenant on the renovated side of the duplex pays $950 per month and the other side pays $750 per month. The single-family home is primed and ready for a new tenant, offering an opportunity to set a competitive rental rate and further enhance your return on investment. Don't miss out on this chance to acquire a well-maintained, income-generating property with potential for expansion. Whether you're a seasoned investor or entering the real estate market, this property is a standout opportunity for long-term financial growth. Schedule a viewing today and unlock the full potential of this unique duplex and single-family home combo! Buyer and Buyer's agent to verify all information.

Details
Maps
Location, Tax & Legal Info
Street #: 228
Street Name: Moreland
St Suffix: Drive
County: Sullivan
State/Province: TN
Zip Code: 37660
Subdivision: Not In Subdivision
Deed Book #: 3438
Deed Page #: 2061
Parcel ID: 076b A 041.00
County Taxes: 1192.51
Contract Info
Status: Closed
Listing Price: 219500
Current Price: $235,000
List Price/SqFt: 92.54
Listing Date: 2024-01-30
Buyer Broker: Yes
Buyer Broker Comm: 3
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: 91.53 X 440.59 IRR
Acres: 0.84
Zoning: R 1
Property Sub-Type: Multi-Family
# Buildings: 2
# of Units: 3
Total Units: 3
Year Built: 1972
Elementary School: Rock Springs
Middle School: Sullivan Heights Middle
High School: West Ridge
Home Warranty: No
HOA Y/N: No
Total SqFt: 2372
Remarks & Misc
Public Remarks: Welcome to a unique investment opportunity! This property features a recently renovated single-family home and a duplex, all on the same parcel. The duplex has a 2 bedrooms and 1 bathroom on each side of the building with separate driveways for privacy. One side of the duplex has been renovated in recent years. The single-family home, also recently renovated, provides a cozy 1-bedroom, 1-bathroom rental. The full, unfinished basement beneath the duplex is a hidden gem, complete with washer and dryer hookups. The coin operated washer and dryer convey to the buyer. This versatile space presents endless possibilities for additional storage or the potential to possibly create another rental unit, maximizing your rental income. The expenses for the seller includes water (about $70/month on average), property taxes, property insurance, and lawn care, with lawn maintenance costs averaging around $100 per month during mowing season. Each unit is separately metered for electric and the tenants pay for their own electricity. The renovated side of the duplex has a had a mini-split installed for heating and cooling, the other units have window units. The tenant on the renovated side of the duplex pays $950 per month and the other side pays $750 per month. The single-family home is primed and ready for a new tenant, offering an opportunity to set a competitive rental rate and further enhance your return on investment. Don't miss out on this chance to acquire a well-maintained, income-generating property with potential for expansion. Whether you're a seasoned investor or entering the real estate market, this property is a standout opportunity for long-term financial growth. Schedule a viewing today and unlock the full potential of this unique duplex and single-family home combo! Buyer and Buyer's agent to verify all information.
Directions: JB Dennis to Jared Dr. Left on Moreland. Property is on the left.
Status Change Info
Date Pending: 2024-02-14
Sold Date: 2024-04-25
Sold Price: $235,000
Unit 1
# Bedrooms: 2
# Bathrooms: 1
SqFt: 900
Unit 2
# Bedrooms: 2
# Bathrooms: 1
SqFt: 900
Unit 3
# Bedrooms: 1
# Bathrooms: 1
SqFt: 572
Property Features
Style: Ranch
Exterior Finish: Vinyl Siding; Other
Topography/Lot Description: Level
Heating: Baseboard; Electric; Space Heater
Water: Public
Sewer: Septic Tank
Basement: Unfinished
AC: Wall Unit(s); Window Unit(s)
Construction: Site Built
Easements: None
Financing: Cash; Conventional; VA Loan
Showing Instructions: Showing Service

Listing Office: Fathom Realty

Last Updated: April - 25 - 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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