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1220 Morningside Circle, Kingsport, TN 37664 - $349,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi-Family Sub Type: Multi-Family MLS Number: 9963832
Living Area: 0 Lot Acreage: 0 Year Built: 1940
Elementary School: Lincoln Middle School: Sevier High School: Dobyns Bennett
Property Description
Owner will CONSIDER financing with an acceptable down payment. This residence comprises three distinct and independent units; it can function as a single-family dwelling or as a triplex. The front unit features two bedrooms, one bathroom, a living room, an eat-in kitchen, and a reading room. Exiting this unit through the reading room, ascend two steps to the shared laundry area and hallway leading to the entrance of Unit 2, which could serve as an impressive primary suite (refer to Unit #2 description). In the hallway, descending the stairs takes you to Unit #3, allowing internal access to all units, which is ideal for a multi-generational household. Unit #2 is designed as a studio with an open living area, a modest kitchen equipped with a refrigerator and microwave, and a spacious bathroom boasting a garden tub and separate shower. Unit #3, located on the lower level, includes a vast open living/dining space, an expansive kitchen, one bathroom, and one bedroom. A communal laundry facility is accessible to all occupants. Each unit has its own deck, with the front unit overlooking the street. The property is fully enclosed and includes a storage shed. This home underwent extensive renovations in 2023, including new HVAC systems for each unit. It features a durable metal roof and is offered fully furnished. More... Private Remarks: WITH ALL THE RENOVATIONS THIS PROPERTY HAS HAD; IT COMPS OUT AT $447,000. This property is tenant occupied, do not go there without making an appointment. Thank you. FOR POTENTIAL INVESTORS: RENTS HAVE BEEN: Unit #1: $1800/month Unit #2: $1400/month Unit #3: $1600/month Utilities average out to approximately $500/month pest control$58/mo lawn care $100/mo insurance for the building $1242/yr
  • More Listing Info
    AC:Central Airtrue
    AC:Zonedtrue
    Appliances:Dryertrue
    Appliances:Electric Rangetrue
    Appliances:Microwavetrue
    Appliances:Refrigeratortrue
    Appliances:See Remarks5true
    Appliances:Washertrue
    Construction:Site Built2true
    Contract Info:ForeclosureNo
    Easements:See Remarks18true
    Expenses Include:Cable TV3true
    Expenses Include:Electric2true
    Expenses Include:Lawn Mainttrue
    Expenses Include:See Remarks39true
    Expenses Include:Taxes Real Estatetrue
    Expenses Include:Utilities2true
    Expenses Include:Wastetrue
    Expenses Include:WaterSewertrue
    Exterior Features:Balconytrue
    Exterior Features:See Remarks23true
    Exterior Finish:Vinyl Sidingtrue
    Fencing:Full2true
    Fencing:Privacytrue
    Fireplace:See Remarks13true
    Flooring:Hardwoodtrue
    Flooring:Luxury Vinyltrue
    Flooring:Tile2true
    Foundation:Block6true
    General Property Description:# Buildings1
    General Property Description:# Fireplaces1
    General Property Description:# of Units3.0
    General Property Description:Acres0.23
    General Property Description:Elementary School3Lincoln
    General Property Description:High School3Dobyns Bennett
    General Property Description:HOA YNNo
    General Property Description:Home Warranty2No
    General Property Description:Lot Dimensions53.9 X 150 IRR
    General Property Description:Middle School2Sevier
    General Property Description:Stories22
    General Property Description:Total Units3
    General Property Description:Zoning2residential
    Heating:Centraltrue
    Heating:Other12true
    Heating:See Remarks10true
    Income and Expenses:Annual Operating Expenses8042
    Income and Expenses:Gross Annual Income57600
    Income and Expenses:Net Annual Income49558
    Interior Features:Eat-in Kitchentrue
    Interior Features:Garden Tubtrue
    Interior Features:Laminate Counterstrue
    Interior Features:See Remarks4true
    Levels:Twotrue
    Location Tax Legal Info:Block81
    Location Tax Legal Info:City Taxes644.45
    Location Tax Legal Info:County Taxes776.0
    Location Tax Legal Info:Deed Book #3558
    Location Tax Legal Info:Deed Page #189
    Location Tax Legal Info:Lot #7
    Other Rooms:See Remarks8true
    Parking Features:Drivewaytrue
    PorchPatioDeck:Decktrue
    PorchPatioDeck:Porchtrue
    Property Condition:Above Averagetrue
    Property Condition:UpdatedRemodeledtrue
    Remarks Misc:Directions3Off Center Street onto Summer to Morningside
    Remarks Misc:Public Remarks2Owner will CONSIDER financing with an acceptable down payment. This residence comprises three distinct and independent units; it can function as a single-family dwelling or as a triplex. The front unit features two bedrooms, one bathroom, a living room, an eat-in kitchen, and a reading room. Exiting this unit through the reading room, ascend two steps to the shared laundry area and hallway leading to the entrance of Unit 2, which could serve as an impressive primary suite (refer to Unit #2 description). In the hallway, descending the stairs takes you to Unit #3, allowing internal access to all units, which is ideal for a multi-generational household. Unit #2 is designed as a studio with an open living area, a modest kitchen equipped with a refrigerator and microwave, and a spacious bathroom boasting a garden tub and separate shower. Unit #3, located on the lower level, includes a vast open living/dining space, an expansive kitchen, one bathroom, and one bedroom. A communal laundry facility is accessible to all occupants. Each unit has its own deck, with the front unit overlooking the street. The property is fully enclosed and includes a storage shed. This home underwent extensive renovations in 2023, including new HVAC systems for each unit. It features a durable metal roof and is offered fully furnished. More... Private Remarks: WITH ALL THE RENOVATIONS THIS PROPERTY HAS HAD; IT COMPS OUT AT $447,000. This property is tenant occupied, do not go there without making an appointment. Thank you. FOR POTENTIAL INVESTORS: RENTS HAVE BEEN: Unit #1: $1800/month Unit #2: $1400/month Unit #3: $1600/month Utilities average out to approximately $500/month pest control$58/mo lawn care $100/mo insurance for the building $1242/yr
    Roof:Metal3true
    Sewer:Public Sewertrue
    Style:See Remarks2true
    Style:Traditionaltrue
    TopographyLot Description:See Remarkstrue
    Unit 1:# Bathrooms51.0
    Unit 1:# Bedrooms32
    Unit 1:# Half Baths0.0
    Unit 1:# Rooms45
    Unit 1:# Units1
    Unit 1:Monthly Rent1800
    Unit 1:SqFt61100
    Unit 2:# Bathrooms41.0
    Unit 2:# Bedrooms40
    Unit 2:# Half Baths20.0
    Unit 2:# Rooms32
    Unit 2:# Units22
    Unit 2:Monthly Rent21400
    Unit 2:SqFt5450
    Unit 3:# Bathrooms31.0
    Unit 3:# Bedrooms51
    Unit 3:# Rooms24
    Unit 3:# Units33
    Unit 3:Half Baths0.0
    Unit 3:Monthly Rent31600
    Unit 3:SqFt21300
    Walls:Drywalltrue
    Walls:Plastertrue
    Water:Publictrue
    Window Features:Double Pane Windowstrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
eXp Realty, LLC
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