Basic Information:

Bedrooms: 3

Full Bathrooms: 1

Half Bathrooms: 0

Type: Residential

Sub Type: Single Family Residence

MLS Number: 9985790

Lot Acreage: 0.57000

Living Area: 7,864

Year Built:1971

Elementary School: Lincoln

Middle School: Sevier

High School: Dobyns Bennett

Public Remarks: 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!

Listing Courtesy:KW Johnson City

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

Exterior Finish:Brick4: true

Flooring:Carpet: true

Flooring:Tile2: true

Flooring:Vinyl: true

General Property Description:Above Grade SqFt: 7864.0

General Property Description:Acres: 0.57

General Property Description:Baths - Full: 1

General Property Description:Block2: 6

General Property Description:Deed Book #2: 3639

General Property Description:Deed Page #2: 949

General Property Description:Elementary School3: Lincoln

General Property Description:High School3: Dobyns Bennett

General Property Description:HOA YN: No

General Property Description:Home Warranty: No

General Property Description:Lot #2: PT 5

General Property Description:Lot Dimensions: 177x133

General Property Description:Middle School2: Sevier

General Property Description:Stories2: 2

General Property Description:Total Rooms2: 5

General Property Description:Total SqFt Finished: 7864.0

General Property Description:Total SqFt Unfinished: 421.0

General Property Description:Zoning2: R 4

Heating:Heat Pump2: true

Levels:Two: true

Location Tax Legal Info:City Taxes: 2149.37

Location Tax Legal Info:County Taxes: 2684.91

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:userdefined80: 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

SqFt Details:Basement Total SqFt: 0

SqFt Details:Finished SqFt Level 1: 3932

SqFt Details:Finished SqFt Level 2: 3932

SqFt Details:Garage Total SqFt: 0

SqFt Details:Unfinished SqFt Level 1: 421

Structure Type:Multi Family: true

Style:See Remarks2: true

TopographyLot Description:Level2: true

Walls:Drywall: true

Water:Public: true