$1,000,000
Kingsport, TN 37664
MLS# 427718
Status: Closed
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Property Description
***Please call List Agent for all Showings 423-737-0001*** Heres the opportunity youve been waiting for! Break into the highly desirable Kingsport rental market with this unique property. 26 total units comprised of 19 studio apartments, two 1 bedrooms, a 2 bedroom unit with 3 car drive under garage, a 4 bedroom 3 bath vintage home with a 2 bedroom separate addition, and a duplex with 2 two bedroom townhouse units. Something for everyone! Owner agent, all info obtained from CRS Buyer/buyers agent to confirm all information.CAP Rate is 9.06%!!Well established property in convenient location. Property is in excellent condition, has a great rental history and low vacancy rate. This one wont last long! Call today for more information and to schedule a showing.
Details
Maps
Documents
Location, Tax & Legal Info
Unit #: 0
Parcel ID: 062G C 051
City Taxes: 5753.57
County Taxes: 7428.66
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1100000
Current Price: $1,000,000
Listing Date: 2019-09-24
General Property Description
Lot Dimensions: 4.7 acres
Acres: 4.7
Zoning: Multi Family
# Buildings: 5
Elementary School: Johnson
# of Units: 26
Middle School: Robinson
Total Units: 26
High School: Dobyns Bennett
Property Sub-Type: Multi Family
Year Built: 1986
Remarks & Misc
Directions: John B Dennis Hwy. Take exit to Memorial Blvd. Property on the left.
Income and Expenses
Annual Operating Expenses: 26292
Net Annual Income: 108816
Gross Annual Income: 135108
Exterior Finish
Brick: 1
Vinyl Siding: 1
Style
Duplex: 1
Levels
One: 1
AC
Other: 1
See Remarks: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Expenses Include
Property Management: 1
Utilities: 1
Location Tax Legal Info
Street #: 3714
Street Name: Memorial
St Suffix: Boulevard
County: Sullivan
State/Province: TN
Zip Code: 37664
Area: 410 - City/East,Indian Springs,India
Status Change Info
Date Pending: 2021-05-03
Sold Date: 2021-07-16
Sold Price: $1,000,000
Property Features
Style: Duplex
Levels: One
Exterior Finish: Brick; Vinyl Siding
AC: Other; See Remarks
Easements: None
Financing: Cash; Conventional
Expenses Include: Property Management; Utilities
Other 
Listing Office: Crye-Leike Realtors
Last Updated: July - 21 - 2021
Information deemed reliable but not guaranteed.