Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9995567

Lot Acreage: 0.02000

Living Area: 0

Year Built:1920

Elementary School: Lincoln

Middle School: Sevier

High School: Dobyns Bennett

Public Remarks: Own a beautifully maintained, privately situated three-unit condo investment that is truly turn-key. Completely remodeled and featuring a brand-new roof, this property offers peace of mind along with modern style and quality. This exceptional property comes fully furnished, with all beautiful furniture and amazing appliances remaining -- allowing for immediate income potential from day one. Even better, it comes with an established and loyal clientele already in place, making this a seamless transition for any savvy investor. Each unit is thoughtfully designed and tastefully appointed, creating a warm, inviting atmosphere that keeps guests coming back time and time again. Whether you choose to continue operating as a successful short-term rental or explore long-term leasing options, the possibilities are both flexible and rewarding. These beautiful condos are not only located in the heart of Downtown Kingsport, but are also housed within a stunning, tall historic building-offering timeless character alongside modern comfort. Tucked away for privacy yet conveniently located near the vibrant charm of downtown, this property offers the perfect balance of seclusion and accessibility. Opportunities like this are incredibly rare-own not just real estate, but a thriving, income-producing asset from day one. Schedule your private showing today and step into a proven investment with endless potential!

Listing Courtesy:Blue Ridge Properties

More Listing Info:

AC:Central Air: true

Appliances:Built-In Electric Oven: true

Appliances:Dishwasher: true

Appliances:Dryer: true

Appliances:Microwave: true

Appliances:Refrigerator: true

Appliances:Washer: true

Contract Info:Foreclosure: No

Door Features:Wide Doors: true

Easements:See Remarks18: true

Exterior Finish:Brick4: true

Exterior Finish:Stone5: true

Flooring:Brick2: true

Flooring:Ceramic Tile: true

Flooring:Hardwood: true

Flooring:Tile2: true

Foundation:Concrete Perimeter: true

General Property Description:# Buildings: 1

General Property Description:# of Units: 3.0

General Property Description:Acres: 0.02

General Property Description:Elementary School3: Lincoln

General Property Description:High School3: Dobyns Bennett

General Property Description:HOA YN: No

General Property Description:Lot Dimensions: 28.22 X 42.33 IRR

General Property Description:Middle School2: Sevier

General Property Description:Stories2: 3

General Property Description:Total Units: 3

General Property Description:Zoning2: B 2

Heating:Central: true

Income and Expenses:Annual Operating Expenses: 4295

Income and Expenses:Annual Utility Expenses: 5424

Income and Expenses:Gross Annual Income: 55200

Income and Expenses:Net Annual Income: 45401

Income and Expenses:Vacancy Rate %: 100.0

Info Available:Floor Plan: true

Interior Features:2 Person Tub: true

Interior Features:Eat-in Kitchen: true

Interior Features:Granite Counters: true

Interior Features:Open Floorplan: true

Interior Features:Walk-In Closet(s): true

Laundry Features:Electric Dryer Hookup: true

Laundry Features:Washer Hookup: true

Levels:Three Or More: true

Location Tax Legal Info:Block: 156

Location Tax Legal Info:City Taxes: 783.72

Location Tax Legal Info:County Taxes: 753.63

Location Tax Legal Info:Deed Book #: 3549

Location Tax Legal Info:Deed Page #: 1032

Location Tax Legal Info:Lot #: PT12

Parking Features:Other13: true

Property Condition:Above Average: true

Remarks Misc:Directions3: Downtown Kingsport to Broad Street to Church Circle. Turn right onto East Sullivan Street, building will be on your right.

Remarks Misc:Public Remarks7: Own a beautifully maintained, privately situated three-unit condo investment that is truly turn-key. Completely remodeled and featuring a brand-new roof, this property offers peace of mind along with modern style and quality. This exceptional property comes fully furnished, with all beautiful furniture and amazing appliances remaining -- allowing for immediate income potential from day one. Even better, it comes with an established and loyal clientele already in place, making this a seamless transition for any savvy investor. Each unit is thoughtfully designed and tastefully appointed, creating a warm, inviting atmosphere that keeps guests coming back time and time again. Whether you choose to continue operating as a successful short-term rental or explore long-term leasing options, the possibilities are both flexible and rewarding. These beautiful condos are not only located in the heart of Downtown Kingsport, but are also housed within a stunning, tall historic building-offering timeless character alongside modern comfort. Tucked away for privacy yet conveniently located near the vibrant charm of downtown, this property offers the perfect balance of seclusion and accessibility. Opportunities like this are incredibly rare-own not just real estate, but a thriving, income-producing asset from day one. Schedule your private showing today and step into a proven investment with endless potential!

Roof:Rubber: true

Security Features:Carbon Monoxide Detector(s): true

Security Features:Fire Alarm2: true

Security Features:Firewall(s): true

Security Features:Smoke Detector(s)3: true

Sewer:Public Sewer: true

Structure Type:Multi Family: true

Style:Other53: true

TopographyLot Description:See Remarks: true

Unit 1:# Bathrooms5: 1.0

Unit 1:# Bedrooms3: 1

Unit 1:# Rooms4: 3

Unit 1:Monthly Rent: 1000

Unit 1:SqFt6: 923

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 1

Unit 2:# Rooms3: 3

Unit 2:Monthly Rent2: 1500

Unit 2:SqFt5: 1023

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 1

Unit 3:# Rooms2: 2

Unit 3:Monthly Rent3: 1500

Unit 3:SqFt2: 1023

Utilities:Cable Available: true

Utilities:Cable Connected2: true

Utilities:Electricity Available: true

Utilities:Electricity Connected: true

Utilities:Fiber Available: true

Utilities:Sewer Available: true

Utilities:Sewer Connected: true

Utilities:Water Available: true

Utilities:Water Connected: true

Walls:Drywall: true

Water:Public: true

Window Features:Double Pane Windows: true