Sales Price: $350,000
Traditional Stories: 2
- Year Built: 1935
- City Tax: $970
- County Tax: $1,167
- Lot Size: 0.15 acre(s)
- Total Area: 3,286 ft²
- Heating: See Remarks, Wall Furnace
- Cooling: See Remarks, Window Unit(s)
- Water / Sewage: Public
- Topography: Level
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.
Lot Dimensions: 50X120
Community: Sullivan County, , Subdivision, Zoned COMMERCIAL
Schools: Jefferson Elementary, Robinson Middle, Dobyns Bennett High
Interior Features:
Flooring: Laminate
Exterior Features:
Roof: Shingle Exterior Finish: Brick
