$1,200,000
Kingsport, TN 37660
MLS# 9972406
Status: Closed
9600 sqft
1 / 83
Property Description
Great investment opportunity with a huge amount of land zoned R3 for expansion! City water, sewer, schools and extensive road frontage. 3 adjacent parcels of land with frontage on Parkridge, Tilthammer and Manor Dr, (see attachment.) 8 total units fully rented, (2) 2 bed/2 bath, (2) 3 bed/2 bath, (4) 2 bed/1.5 bath. Each unit has its own power and water meter, owner pays landscape, pest and trash pickup. Extensive renovations done in 2022/2023. Roof 2015, Siding 6 years ago. Large yard area in the rear of the building, each unit has deck or patio. Plenty of parking in the front, 4 units have one-car garage.
Details
Maps
Location, Tax & Legal Info
Unit #: 401-415
Parcel ID: 045n B 032.10
Deed Book #: 2211C
Deed Page #: 747
City Taxes: 5659.68
County Taxes: 6814.97
Contract Info
List Price/SqFt: 145.83
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1400000
Current Price: $1,200,000
Listing Date: 2024-10-16
General Property Description
Lot Dimensions: see acres
Acres: 10.6
Zoning: R 3
# Buildings: 1
Elementary School: Washington-Kingsport City
# of Units: 8
Middle School: Sevier
Total Units: 8
High School: Dobyns Bennett
Stories: 2
Senior Community YN: No
# Fireplaces: 4
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1989
Total SqFt: 9600
Remarks & Misc
Directions: Downtown Kingsport to Netherland Inn Rd to left on Ridgefields Rd. Left on Eastley to left on Parkridge.
Property Condition
Above Average: 1
Income and Expenses
Vacancy Rate %: 0
Gross Annual Income: 100200
Exterior Finish
Brick: 1
Vinyl Siding: 1
Unit 1
# Units: 2
# Bedrooms: 2
# Bathrooms: 2
# Half Baths: 4
SqFt: 2200
Unit 2
# Units: 2
# Bedrooms: 3
# Bathrooms: 2
SqFt: 3000
Style
Contemporary: 1
Townhouse: 1
Unit 3
# Units: 4
# Bedrooms: 2
# Bathrooms: 4
Half Baths: 4
SqFt: 4400
Levels
One: 1
Two: 1
Window Features
Insulated Windows: 1
Interior Features
Eat-in Kitchen: 1
Laminate Counters: 1
Exterior Features
Balcony: 1
View
Mountain(s): 1
Heating
Heat Pump: 1
Fencing
Privacy: 1
Info Available
Aerial: 1
Floor Plan: 1
Rental Rolls: 1
Survey: 1
AC
Heat Pump: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Dishwasher: 1
Disposal: 1
Range: 1
Refrigerator: 1
Topography/Lot Description
Level: 1
Part Wooded: 1
Sloped: 1
Fireplace
Living Room: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Luxury Vinyl: 1
Easements
Other: 1
Basement
Crawl Space: 1
Financing
Cash: 1
Other: 1
Parking Features
Asphalt: 1
Garage
Garage Spaces: 4
Porch/Patio/Deck
Covered: 1
Deck: 1
Rear Patio: 1
Walls
Drywall: 1
Structure Type
Multi Family: 1
Townhouse: 1
Expenses Include
Lawn Maint: 1
Repairs and Maint: 1
Taxes Real Estate: 1
Waste: 1
Location Tax Legal Info
Street #: 401
Street Name: Parkridge
St Suffix: Drive
County: Sullivan
State/Province: TN
Zip Code: 37660
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2024-12-23
Sold Date: 2025-02-26
Sold Price: $1,200,000
Property Features
Property Condition: Above Average
Style: Contemporary; Townhouse
Levels: One; Two
Exterior Finish: Brick; Vinyl Siding
Interior Features: Eat-in Kitchen; Laminate Counters
Exterior Features: Balcony
Appliances: Dishwasher; Disposal; Range; Refrigerator
Flooring: Carpet; Ceramic Tile; Luxury Vinyl
Parking Features: Asphalt
View: Mountain(s)
Heating: Heat Pump
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Window Features: Insulated Windows
Sewer: Public Sewer
Fireplace: Living Room
Basement: Crawl Space
Fencing: Privacy
AC: Heat Pump
Utilities: Electricity Connected; Sewer Connected; Water Connected
Structure Type: Multi Family; Townhouse
Walls: Drywall
Info Available: Aerial; Floor Plan; Rental Rolls; Survey
Easements: Other
Financing: Cash; Other
Expenses Include: Lawn Maint; Repairs and Maint; Taxes Real Estate; Waste
Listing Office: Southern Dwellings
Last Updated: February - 26 - 2025
Information deemed reliable but not guaranteed.