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1300 Holyoke Street
Kingsport TN 37664
MLS #9999844 · Listing Courtesy of Crye-Leike Realtors
$625,000
Active
0.23
Acres
1967
Built
Property Description
Fabulous four-unit investment property centrally located in downtown Kingsport, just minutes from I-26, area hospitals, major chemical and paper plants, restaurants, shopping, and everyday conveniences!
There are 4 total units, each consisting of 2 bedrooms and 1 full bath. This property has been extensively remodeled and updated, including flooring, interior paint, appliances, plumbing, HVAC units, windows, and a durable metal roof. The brick exterior and metal roofing provide the added benefit of minimal exterior maintenance.
All four units are currently furnished, with the owner paying utilities, taxes, and other property expenses. Current occupants are on three-month leases that transition to month-to-month thereafter. The owner has successfully catered to short-term and temporary occupants, including traveling nurses, interns, and other professionals--creating an attractive opportunity for an investor seeking a furnished rental property.
For added flexibility, each unit has its own separate utility meter and HVAC system, allowing a future owner to easily transition utility expenses to tenants and pursue a more traditional rental structure if desired.
The owner will also consider selling the furnishings and personal property currently located within the units, offering the potential for a truly turnkey investment opportunity.
Whether continuing the current furnished rental model or transitioning to traditional long-term rentals, this property offers multiple income strategies, low-maintenance construction, and an excellent central Kingsport location!
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9999844
Lot Dimensions100 x 100
City Taxes$2,048.32
County Taxes$1,969.67
Elementary SchoolJefferson
Middle SchoolRobinson
High SchoolDobyns Bennett
Features & Amenities
Interior
Central Air
Ceramic Tile Flooring
Double Pane Windows
Dryer
Drywall Walls
Electric Dryer Hookup
Heat Pump
Kitchen/Dining Combo
Laminate Counters
Laundry
Luxury Vinyl Flooring
Microwave
Range
Refrigerator
Remodeled
Two-Level
Washer
Washer Hookup
Exterior
Asphalt
Brick Exterior
Colonial
Deeded
Landscaping
Level Lot
Metal Roof
Other
Above Average Condition
Average Condition
Cable Connected
Electricity Connected
Fiber Available
Floor Plan
Leases
Public Sewer
Public Water
Sewer Connected
Water Connected
Directions
From downtown Kingsport: Travel Center Street to right onto Lamont. Turn right on Holyoke Street. Located on the corner of Holyoke and Federal Street. Parking is on the right.
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Additional Information
Contract InfoForeclosureNoEasementsNoneYesGeneral Property Description# Buildings1# of Units4HOANoStories2Total Units4ZoningR 1CLocation Tax Legal InfoBlock163Deed Book #3,440Deed Page #320Lot #1AStructure TypeHouseYesUnit 1# Bathrooms4# Bedrooms8# Rooms20# Units1SqFt3,248Unit 2# Units0Unit 3# Units0Unit 4# Units0
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