$1,312,500
Church Hill, TN 37642
MLS# 9994776
Status: Closed
13286 sqft
1 / 1
Property Description
LOW MAINTENANCE INCOME PRODUCING MULTI-FAMILY COMPLEX. 13 Total units. The main/upper level consists of 9 Townhouse style 2bed/1.5 bath units. The lower 4 units have separate driveway entrance and consist of one level 2 bed/1 bath units. Each unit has own laundry hook-ups. Currently 7 Units rent at $850/month, 3 at $800/month, and one at $1100/month. The other two are vacant while having appliances upgraded in between tenants and they will each rent for $1100/month. So fully rented, that is $11,650/month or $139,800/year!! Seven of the rented units have had same tenant for at least 4 years! Great location in Church Hill, close to grocery stores and only 15 min to Kingsport. Units are all metered separate. City Utilities-Gas, Water, Electric, Sewer. In recent years, windows have been replaced, new blacktop in upper parking area, half of HVACs have been replaced. New appliances added to 4-5 units as needed. There is a storage garage on sight for management to store tools, etc, plus all the plumbing is accessible by an enclosed breezeway that spans the entire length of the building. This is a quality turnkey property!!
Details
Maps
Location, Tax & Legal Info
Lot #: 1
Parcel ID: 032 05705 000
Deed Book #: 1499
Deed Page #: 349
City Taxes: 2533.48
County Taxes: 6407.96
Contract Info
List Price/SqFt: 103.49
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1375000
Current Price: $1,312,500
Listing Date: 2026-04-28
General Property Description
Acres: 0.92
Lease: No
Lot Size: 170x210
Zoning: B-3
HOA Y/N: No
Stories: 2
Total SqFt Finished: 12566
Total SqFt Unfinished: 720
Annual Lease $: 120000
Year Built: 1998
Total SqFt: 13286
Remarks & Misc
Public Remarks: LOW MAINTENANCE INCOME PRODUCING MULTI-FAMILY COMPLEX. 13 Total units. The main/upper level consists of 9 Townhouse style 2bed/1.5 bath units. The lower 4 units have separate driveway entrance and consist of one level 2 bed/1 bath units. Each unit has own laundry hook-ups. Currently 7 Units rent at $850/month, 3 at $800/month, and one at $1100/month. The other two are vacant while having appliances upgraded in between tenants and they will each rent for $1100/month. So fully rented, that is $11,650/month or $139,800/year!! Seven of the rented units have had same tenant for at least 4 years! Great location in Church Hill, close to grocery stores and only 15 min to Kingsport. Units are all metered separate. City Utilities-Gas, Water, Electric, Sewer. In recent years, windows have been replaced, new blacktop in upper parking area, half of HVACs have been replaced. New appliances added to 4-5 units as needed. There is a storage garage on sight for management to store tools, etc, plus all the plumbing is accessible by an enclosed breezeway that spans the entire length of the building. This is a quality turnkey property!!
Directions: West Stone Drive(Lee Hwy) to church Hill Right onto Silver Lake Rd, Right onto Old Stage, Property on your right
Business Type
Residential: 1
Exterior Finish
Brick: 1
Other Equipment
Basement: 1
Roof
Composition: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Development Status
Infrastructure In: 1
Heating
Natural Gas: 1
Info Available
Other: 1
AC
Central Air: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Other: 1
Financing
Conventional: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 722
Street Name: Old Stage
St Suffix: Road
County: Hawkins
State/Province: TN
Zip Code: 37642
Area: 415 - Church Hil/Mt Carmel/E Hawkins
Subdivision: Walter Lawson Property
Status Change Info
Date Pending: 2026-04-30
Sold Date: 2026-05-01
Sold Price: $1,312,500
Property Features
Business Type: Residential
Exterior Finish: Brick
Other Equipment: Basement
Roof: Composition
Electric Service: 220 Volts
Development Status: Infrastructure In
Heating: Natural Gas
AC: Central Air
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Other
Restrictions: Other
Financing: Conventional
Sale Includes: Fee Simple
Listing Office: Non Member
Last Updated: May - 01 - 2026
Information deemed reliable but not guaranteed.