Multifamily (Multi-Family)

1305-11 Highpoint Ave
Kingsport, TN 37665

Map & Directions

1 Story

FOR SALE – An offer has been accepted, BUT there are contigencies.

Price: $275,000 Price Per ft²: $72.98 List Date: 2023-05-05 DOM: 33
City Tax: $1,483 County Tax: $1,785Expenses Include: Repairs and Maint, Taxes Real Estate

Year Built: 1972 About homes built before 1978

Total Area: 3,768 ft² (Finished & Unfinished)

Lot Size: 0.32 acre(s) Lot Dimensions: 60 X 239.5 IRR Topography: Level

Heating: Radiant Ceiling Cooling: Ceiling Fan(s), Window Unit(s) Water & Sewage: Public

Description

This is the investment property you've been waiting for! Two brick duplexes on the same parcel for a total of four units. The units sit on a nice quite cul de sac.The one on the corner has a newer metal roof within the past 2 years.Each unit is two bedrooms, one bathroom and is around 942 square feet.The tenants pay all utilities and each unit is separately metered for water and electric. The tenants maintain their own lawn. Trash pick up is provided by the City of Kingsport. The owners pay property taxes, insurance, and maintenance costs. The sellers self-manage and do not have any other expenses on the property.Three of the units are occupied. One unit is vacant because the tenant just moved out and the seller is renovating this unit to make it rent ready. Once it's rent ready they plan on placing a tenant in it for $725 per month unless it goes under contract sooner and the new owner would prefer to place their own tenant.