Multifamily (Multi Family)

1527-1529 Fuller St, Kingsport, TN 37664

Traditional Stories: 2

FOR SALE

Price: $350,000 Price Per ft²: $106.51 List Date: 2025-03-10 DOM: 60
City Tax: $970 County Tax: $1,167

Year Built: 1935 pre-1978 Homes

Total Area: 3,286 ft² (Finished & Unfinished)

Lot Size: 0.15 acre(s) Lot Dimensions: 50X120 Topography: Level

Heating: See Remarks, Wall Furnace Cooling: See Remarks, Window Unit(s) Water & Sewage: Public

Appliances: Dishwasher, Refrigerator, Electric Range

Description

This investment property—featuring a quadplex and a standalone house—offers immediate rental income with over an 8% cap rate. Unlike properties priced for potential earnings, this opportunity allows you to buy at today's income and grow into future potential, ensuring a solid return from day one while leaving room for increased cash flow over time.The current owner has stabilized rents at a sustainable level, providing an opportunity for future rent increases as further improvements are made and as the market naturally appreciates. Recent updates include new windows, updated flooring, and mini-split units, enhancing efficiency and tenant satisfaction.Unit 8 has been intentionally left vacant for showings, allowing the new owner to decide its best use. High rental demand is already proven, with multiple inquiries received for this unit alone.Located in Kingsport, close to shopping, dining, and essential amenities, this property ensures strong occupancy and long-term tenant appeal. Whether you're a seasoned investor or entering the market, this is a rare opportunity to generate immediate cash flow while strategically increasing returns over time.