$1,900,000
$2,150,000
11.6%For more information regarding the value of a property, please contact us for a free consultation.
12,721 SqFt
SOLD DATE : 04/18/2023
Key Details
Sold Price $1,900,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,721 sqft
Price per Sqft $149
MLS Listing ID 1200540
Year Built 1988
Property Description
This well positioned, value-add multifamily community is located just 10 minutes from the heart of downtown Kingsport. There are 7 buildings with a total of 27 units. 22 of the units are studio apartments with 1 bath and 1 large closet. In 2020, roofs were replaced and exteriors were painted. Last year, 8 of the studio apartments were renovated. Three of the remodeled units are currently rented as short term rentals. The buyer will be able to add value by continuing to renovate and increase rents while also implementing RUBs for additional income.
Location
State TN
County Sullivan County
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Window Unit(s)
Flooring Laminate, Vinyl
Exterior
Parking Features On Premise Parking, Individual Garages
Garage Description On Premise Parking, Individual Garages
Roof Type Shingle
Building
Structure Type Block,Frame
Others
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
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