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Blue Ridge Properties Listing
420 Wheatley Street, Kingsport, TN 37660 (MLS #9985788)
Basic Information:
Bedrooms: 0
Full Bathrooms: 0
Half Bathrooms: 0
Type: Multi Family
Sub Type: Multi Family
MLS Number: 9985788
Lot Acreage: 0.57000
Living Area: 0
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
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
