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1223 Wateree Street, Kingsport, TN 37660
Property Facts
Property Type: Multi Family
Sub Type: Multi Family
Status: Active
Year Built: 1930
Lot Acreage: 0.26
Lot Dimensions: 137.83 X 78.28 IRR
City Taxes: $1,498.73
County Taxes: $1,804.65
Elementary School: Lincoln
Middle School: Sevier
High School: Dobyns Bennett
Description
Seize the chance to own this centrally located 7-unit multi-family property in Kingsport, TN, offering an excellent return on investment. The complex includes five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, all fully occupied with total monthly rents of $7,090. Each unit is equipped with mini-split systems for efficient heating and cooling, ensuring tenant comfort year-round. Additionally, all units feature laundry hook-ups, adding convenience and appeal for residents. Two units have stackable units owned by the landlord. The property has undergone significant upgrades, including a new roof, updated electrical systems, and modernized plumbing. The recent encapsulation of the crawl space further enhances the building's structural integrity and energy efficiency. With a cap rate of 8.3%, this property is a compelling opportunity for investors seeking a stable and profitable asset. Don't miss out on this prime real estate in a vibrant community. Contact us today to schedule a viewing and explore the potential of this outstanding property!
Features & Amenities
- Brick Exterior
- Dishwasher
- Electric Dryer Hookup
- Electric Range
- Hardwood Flooring
- Level Lot
- Metal Roof
- Public Water
- Refrigerator
- Traditional
- Two-Level
- Washer Hookup
Listing Courtesy
Weichert Realtors Saxon Clark KPT