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423-968-7653
Multifamily (Quadruplex)

241 Parker St
Kingsport, TN 37664

See Remarks  Stories: 2
FOR SALE – An offer has been accepted, BUT there are contigencies.
Price: $369,000  Price Per ft²: $inf  List Date: 2024-01-30  DOM:  25
City Tax: $0 County Tax: $1,266
Year Built: 1983 

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.63 acre(s)Lot Dimensions: 182.96X179.85 IRRTopography: Level, Rolling Slope
Heating: OtherCooling: See RemarksWater & Sewage: Public

Description

Welcome to an exceptional investment opportunity just outside of Kingsport City limits. This brick quadraplex presents a lucrative venture for savvy investors seeking a prime rental property. Each unit has 2 bedrooms, 1 bathroom, a living area, and a kitchen.Equipped with washer/dryer hookups provides added convenience for residents. The units are also separately metered for water and electricity and the tenants pay their own utilities.The property offers ample parking for tenants and guests, eliminating any concerns about parking shortages. A generously sized yard provides a delightful space for relaxation and communal activities, offering views of the mountains.Accessibility is optimized with a separate entrance for upper units at the back and a front entrance for the lower units, ensuring privacy and convenience for all residents.One of the key highlights of this investment opportunity is the recent renovation of all units in the past 18 months which included adding mini-split heating/cooling systems to each unit. This is truly a turn-key investment!Currently, three out of the four units are occupied bringing in $900/month rent each. Two of the tenant's leases have ended and are now on a month-to-month basis. The other tenant's lease ends in July 2024. The fourth unit, recently vacated, and ready to be shown to potential buyers. Due to the financing options for quadraplexes this type of property will be one of the most sought after types of properties for investors, don't miss your chance to add this one to your portfolio.Buyer and Buyer's agent to verify all information.

Community Information

Geographical
County: Sullivan
Subdivision:
Zoning: R 2
School System
Indian Springs Elementary
Sullivan Central Middle Middle
West Ridge High

Interior

Exterior

Exterior Finish: Brick 

Photos

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Listing by Fathom Realty
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