Property Description

Listing Status

• More Listing Info

  AC:Ceiling Fan(s)	true
  AC:Heat Pump3	true
  Appliances:Electric Range	true
  Appliances:Microwave	true
  Appliances:Refrigerator	true
  Contract Info:Foreclosure	No
  Easements:See Remarks18	true
  Exterior Finish:Brick4	true
  Flooring:Carpet	true
  Flooring:Laminate	true
  Flooring:Tile2	true
  Foundation:Block6	true
  General Property Description:# Buildings	1
  General Property Description:# of Units	8.0
  General Property Description:Acres	0.57
  General Property Description:Elementary School3	Lincoln
  General Property Description:High School3	Dobyns Bennett
  General Property Description:HOA YN	No
  General Property Description:Lot Dimensions	177x133
  General Property Description:Middle School2	Sevier
  General Property Description:Stories2	2
  General Property Description:Total Units	8
  General Property Description:Zoning2	R 4
  Heating:Heat Pump2	true
  Info Available:Leases2	true
  Info Available:Rental Rolls	true
  Levels:Two	true
  Location Tax Legal Info:Block	6
  Location Tax Legal Info:City Taxes	2149.37
  Location Tax Legal Info:County Taxes	2684.91
  Location Tax Legal Info:Deed Book #	3639
  Location Tax Legal Info:Deed Page #	949
  Location Tax Legal Info:Lot #	PT 5
  Other Rooms:Utility Room	true
  Parking Features:Asphalt2	true
  Property Condition:Average	true
  Remarks Misc:Directions3	From Johnson City, take I-26 W toward Kingsport. Continue for approximately 20 miles, then take Exit 1 for Wilcox Drive toward TN-126/Center Street. Turn right onto Wilcox Drive, then continue straight. Turn left onto Wheatley Street. Property will be on the right.
  Remarks Misc:Public Remarks7	Unlock the potential of this income-producing apartment building in the heart of Kingsport! Featuring 8 total units, this property offers a versatile mix of floor plans to attract a variety of tenants: (2) spacious 3-bed/1-bath units (4) comfortable 2-bed/1-bath units, (2) efficient 1-bed/1-bath units All units are currently 100% occupied by long-term tenants, providing stable cash flow with significant upside potential through future rent increases. The property is in an excellent location directly across from Eastman Headquarters, ensuring strong demand and long-term security. That's not all—an additional 421 sq. ft. storage area provides extra income potential or utility space for tenants. Each apartment comes with its own individual power meter, while city water, sewer, and schools make management simple. Tenants will also appreciate the ample on-site parking, a rare and valuable convenience for multi-family living. Whether you're an experienced investor looking to expand your portfolio or just starting out in real estate investing, this property offers a solid opportunity with long-term rental demand. Schedule your showing today and see why 420 Wheatley Street is the smart move for your investment future!
  Roof:Shingle	true
  Sewer:Public Sewer	true
  Structure Type:Multi Family	true
  Style:See Remarks40	true
  TopographyLot Description:Level2	true
  Unit 1:# Bathrooms5	1.0
  Unit 1:# Bedrooms3	3
  Unit 1:# Units	2
  Unit 1:SqFt6	2400
  Unit 2:# Bathrooms4	1.0
  Unit 2:# Bedrooms4	1
  Unit 2:# Units2	2
  Unit 2:SqFt5	1400
  Unit 3:# Bathrooms3	1.0
  Unit 3:# Bedrooms5	2
  Unit 3:# Units3	4
  Unit 3:SqFt2	4032
  Unit 4:# Units4	1
  Unit 4:SqFt	421
  Walls:Drywall	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

Listing Courtesy: