Multifamily (Quadruplex)

5021 Emerald Dr, Kingsport, TN 37664

See Remarks, Townhouse Stories: 2

FOR SALE

Price: $450,000 Price Per ft²: $97.91 List Date: 2024-11-08 DOM: 48
City Tax: $0 County Tax: $2,087

Year Built: 1983

Total Area: 4,596 ft² (Finished & Unfinished)

Lot Size: 0.76 acre(s) Lot Dimensions: 33,105 Topography: Level

Heating: Heat Pump Cooling: Heat Pump Water & Sewage: Public

Appliances: Dishwasher, Refrigerator, Electric Range

Description

Looking for a lucrative investment in the heart of the TriCities? Don't miss this one! Boasting 4 units, this 4500+ sqft building showcases a unique townhome style development situated at the end of the cul de sac with tons of potential. Currently generating a generous return, this property offers a value add opportunity with below market rents, turn key condition with room for improvements, and possibility for so much more! Individually metered and eligible for HUD, this property could be tailored to meet various investment strategies- consider affordable housing, elevate to upscale townhomes, or continue benefiting from the lucrative returns that are already being generated from this stable asset. Each unit offers a well maintained condition highlighted with a spacious floor plan, luxury vinyl flooring in most units, HVAC, and sliding glass doors leading to the secluded back patio. Strategically positioned in the county, yet located in the highly sought after Cooks Valley area, this property showcases an enviable location convenient to nearly everything with easy access on to Hwy 126, I-81, and much more! Whether you're a savvy investor looking to add a great asset to the portfolio, or aiming to live for free by house hacking, this property delivers unparalleled versatility and potential! Opportunities like this do not come up often and will not last long priced to sell at $450k. Don't miss your chance, and call today to take advantage of this opportunity! The property is 100% leased, and will not be conducting showings without an accepted offer or LOI. There is a virtual tour of the property that allows you, or your agent, to view the interior online. The information provided herein is deemed reliable but is collected from third party sources and subject to buyers, or buyers agent, verification.