Multifamily (Multi-Family)

1220 Morningside Cir, Kingsport, TN 37664

Owner will CONSIDER financing with an acceptable down payment. This residence comprises three distinct and independent units; it can function as a single-family dwelling or as a triplex. The front unit features two bedrooms, one bathroom, a living room, an eat-in kitchen, and a reading room. Exiting this unit through the reading room, ascend two steps to the shared laundry area and hallway leading to the entrance of Unit 2, which could serve as an impressive primary suite (refer to Unit #2 description). In the hallway, descending the stairs takes you to Unit #3, allowing internal access to all units, which is ideal for a multi-generational household. Unit #2 is designed as a studio with an open living area, a modest kitchen equipped with a refrigerator and microwave, and a spacious bathroom boasting a garden tub and separate shower. Unit #3, located on the lower level, includes a vast open living/dining space, an expansive kitchen, one bathroom, and one bedroom. A communal laundry facility is accessible to all occupants. Each unit has its own deck, with the front unit overlooking the street. The property is fully enclosed and includes a storage shed. This home underwent extensive renovations in 2023, including new HVAC systems for each unit. It features a durable metal roof and is offered fully furnished. More...Private Remarks: WITH ALL THE RENOVATIONS THIS PROPERTY HAS HAD; IT COMPS OUT AT $447,000. This property is tenant occupied, do not go there without making an appointment. Thank you. FOR POTENTIAL INVESTORS: RENTS HAVE BEEN: Unit #1: $1800/month Unit #2: $1400/month Unit #3: $1600/month Utilities average out to approximately $500/month pest control$58/mo lawn care $100/mo insurance for the building $1242/yr

Geographical

County: Sullivan

Subdivision:

Zoning: residential

School System

Lincoln Elementary

Sevier Middle

Dobyns Bennett High

Other Rooms: See Remarks  Rooms with Fireplaces: See Remarks  Flooring: Hardwood, Luxury Vinyl, Tile  Other Features: Eat-in Kitchen, Garden Tub, Laminate Counters, See Remarks 

Porch, Patio, Decking Detail:  Deck, Porch Roof: Metal Exterior Finish: Vinyl Siding Other Exterior: Balcony, See Remarks

Photos