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| Bedrooms: | 3 | Full Bathrooms: | 1 | Half Bathrooms: | 0 |
| Type: | Residential | Sub Type: | Single Family Residence | MLS Number: | 9985790 |
| Living Area: | 7,864 | Lot Acreage: | 1 | Year Built: | 1971 |
| Elementary School: | Lincoln | Middle School: | Sevier | High School: | Dobyns Bennett |
Property Description
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 Status
Active
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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 Videos: (none) Virtual Tours: (none)
Listing Courtesy:
KW Johnson City
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