$1,175,000 Price Analysis    ♡   Kingsport, TN 37664 Unknown bed None bath 6,750 SqFt ($174/SqFt) 0.44 acre lot. Built 1971 Listed 2024-02-13, Taxes $5,945 | Ⓧ USDA Ineligible due to price & location near Kingsport |
SVN | Accel Commercial Real E state is pleased to bring to market an 11 unit opportunity in Kingsport
TN. This property allows an investor to take advantage of the rapid growth in this region with little inventory coming to market. and the demand from incoming residents continuing to rise. There are 11 units with a mix consisting of 1 unit - 3 bed 2 bath, 4 units - 1 bed 1 bath and 6 units - 2 bed 1 bath. The property is currently 100% occupied with monthly rents totaling $9910 with opportunity to increase.
All units electricity is separately metered, water and trash is shared with the adjacent prperty and is billed back to the tenants. The adjacent property is identical and is also for sale allowing the new owner to combine the two properties to acquire a total of 22 units. Please contact agents to schedule a showing. Do NOT disturb tenants or visit property without prior approval.
Presented by Kunal Patel at
SVN Accel Commercial Real Estate.
Property MLS #2618863 from RealTracs
Lot Size Square Feet: 19060
High School: Dobyns - Bennett High School
Middle School: Ross N. Robinson Middle School
Map directions Map directions Map directions Map directionsBedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit 1 Total Actual Rent: 1250
Unit 2 Total Actual Rent: 775
Unit 3 Total Actual Rent: 950
Unit 4 Total Actual Rent: 955
Source Listing Status: Active
County: Sullivan County, TN
Directions: Follow I-40 E and I-81 N to TN-36 N/Fort Henry Dr in Kingsport. Take exit 59 from I-81 N. Continue on TN-36 N/Fort Henry Dr. Drive to Stratford Rd
Source Property Type: Multi-Family
Inclusions: Appliances
Source Neighborhood: Green Valley Manor Sec 1
Subdivision: Green Valley Manor Sec 1
Zoning: R3
Property Subtype: More than 4 Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $135,000 | $5,945 |
| 2021 | $unknown + $unknown $136,680 | $5,855 |
| 2020 | $unknown + $unknown $127,600 | $5,913 |
| 2019 | $unknown + $unknown $127,600 | $5,913 |
| 2018 | $unknown + $unknown $127,600 | $5,774 |
| 2017 | $unknown + $unknown $127,600 | $5,774 |
| 2016 | $unknown + $unknown $129,800 | $6,029 |
| 2015 | $unknown + $unknown $129,800 | $6,029 |
| 2014 | $unknown + $unknown $129,800 | $5,678 |
| 2013 | $unknown + $unknown $129,800 | $5,510 |
| 2012 | $unknown + $unknown $126,960 | $5,460 |
| 2011 | $unknown + $unknown $126,960 | $5,206 |
| 2010 | $unknown + $unknown $126,960 | $5,168 |
| 2009 | $unknown + $unknown $126,960 | $5,168 |
| 2008 | $unknown + $unknown $108,640 | $5,247 |
| 2007 | $unknown + $unknown $108,640 | $5,247 |
$1,175,000
RealTracs
Listed 2024-02-13
$1,225,000
RealTracs
Sold 2022-03-21
$950,000
Public Record
Listing removed 2022-01-11
$0
Rentler
Listed for rent 2021-12-22
$600
Rentler
Listing removed 2021-12-05
$0
Rentler
Listed for rent 2021-11-29
$600
Rentler
Sold 2002-11-22
$535,000
Public Record
Sold 1998-09-21
$725,000
Public Record
Year Built: 1971
Construction Materials: All Brick
Living Area Source: Tax Record
Property Age: 53
Levels or Stories: 2.00
Total Area Main: 3375
Year Built Details: Existing
Water Source: City Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.