$775,000
Kingsport, TN 37660
MLS# 9909130
Status: Closed
18000 sqft
1 / 12
Property Description
Attention investors! Rare opportunity to own multiple rental units in the highly desirable Ridgefields area neighborhood. Three well-kept townhouse-style apartment buildings on 1.23 acres in City of Kingsport with 18 total units all currently rented. Six 2 bedroom, 1.5 bath units per building with refrigerator, dishwasher and stove, washer/dryer hookups, most with garbage disposal. Excellent rental history. Each has own power and water meter, owner pays lawn maintenance and trash pickup. All information herein deemed reliable but not guaranteed, buyer or buyer's agent to verify.
Details
Maps
Location, Tax & Legal Info
Lot #: 9
Parcel ID: 045n B 019.00
Deed Book #: 2211C
Deed Page #: 747
City Taxes: 6325.84
County Taxes: 7875.51
Contract Info
List Price/SqFt: 55.5
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 999000
Current Price: $775,000
Listing Date: 2020-06-15
General Property Description
Lot Dimensions: 200.57 X 313.93 IRR
Acres: 1.23
Zoning: R3
# Buildings: 3
Elementary School: Washington-Kingsport City
# of Units: 18
Middle School: Sevier
Total Units: 18
High School: Dobyns Bennett
Stories: 2
# Fireplaces: 0
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1980
Total SqFt: 18000
Remarks & Misc
Directions: West Center St to Netherland Inn Rd., Left on Ridgefields Rd to Left on Eastley, apartments on right.
Property Condition
Above Average: 1
Income and Expenses
Annual Operating Expenses: 24824
Vacancy Rate %: 0
Gross Annual Income: 109200
Exterior Finish
Brick: 1
Unit 1
# Units: 6
# Bedrooms: 12
# Bathrooms: 6
# Half Baths: 6
SqFt: 6000
Unit 2
# Units: 6
# Bedrooms: 12
# Bathrooms: 6
# Half Baths: 6
SqFt: 6000
Style
Townhouse: 1
Roof
Asphalt: 1
Unit 3
# Units: 6
# Bedrooms: 12
# Bathrooms: 6
Half Baths: 6
SqFt: 6000
Interior Features
Balcony: 1
Kitchen/Dining Combo: 1
Laminate Counters: 1
Exterior Features
Balcony: 1
Heating
Electric: 1
Heat Pump: 1
Info Available
Aerial: 1
Survey: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Dishwasher: 1
Disposal: 1
Range: 1
Refrigerator: 1
Topography/Lot Description
Sloped: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Flooring
Carpet: 1
Laminate: 1
Easements
None: 1
Basement
Crawl Space: 1
Parking Features
Asphalt: 1
Attached: 1
Porch/Patio/Deck
Deck: 1
Walls
Drywall: 1
Foundation
Block: 1
Structure Type
House: 1
Expenses Include
Lawn Maint: 1
Property Insurance: 1
Taxes Real Estate: 1
Waste: 1
Location Tax Legal Info
Street #: 424-428
Street Name: Eastley
St Suffix: Court
County: Sullivan
State/Province: TN
Zip Code: 37660
Area: 404 - City/West
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2020-08-30
Sold Date: 2020-10-08
Sold Price: $775,000
Property Features
Property Condition: Above Average
Style: Townhouse
Exterior Finish: Brick
Interior Features: Balcony; Kitchen/Dining Combo; Laminate Counters
Exterior Features: Balcony
Appliances: Dishwasher; Disposal; Range; Refrigerator
Flooring: Carpet; Laminate
Roof: Asphalt
Parking Features: Asphalt; Attached
Heating: Electric; Heat Pump
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Sewer: Public Sewer
Basement: Crawl Space
Foundation: Block
AC: Heat Pump
Structure Type: House
Walls: Drywall
Info Available: Aerial; Survey
Easements: None
Expenses Include: Lawn Maint; Property Insurance; Taxes Real Estate; Waste
Listing Office: Southern Dwellings
Last Updated: October - 11 - 2020
Information deemed reliable but not guaranteed.