Sales Price: $425,000
Traditional Stories: 2
- Year Built: 1972
- County Tax: $2,151
- Lot Size: 0.27 acre(s)
- Total Area: 5,100 ft²
- Heating: Heat Pump
- Cooling: Heat Pump
- Water / Sewage: Public
- Topography: Level
6-Unit Multifamily Investment Opportunity in KingsportInvestor special! This 6-unit multifamily property, built in 1972 and totaling approximately 5,096 sq ft, offers a solid income-producing opportunity with strong value-add potential. All six units feature an identical layout including a galley kitchen with rear deck access, main-level living area, and an upstairs floor plan with two spacious bedrooms and a full hallway bath.The building features a brick exterior in good condition and an architectural shingle roof. HVAC systems and hot water heaters vary in age but are operational. Kitchen appliances also vary in age. Bathrooms are functional in all units except Unit 1, which requires a full renovation in the tub/shower and is currently non-operational. Flooring varies by unit (carpet and LVP) and is overall in good condition.Current rents:Unit 1: $0 (vacant/non-functional)Unit 2: $300/monthUnits 3-6: $600/month eachTotal monthly income: $2,700Annual income: $32,400Property is in good overall condition and presents a strong opportunity for investors to increase value through updates and renovations. Ideal for buyers seeking a multifamily asset with upside potential and existing cash flow. All Information is deemed reliable but should be verified by buyer or buyer's agent. Set up a showing through your agent or call Listing agent. Please no drive-byes. View with appointment only.
Lot Dimensions: 75 x 150 IRR
Expenses Include: Lawn Maint, Taxes Real Estate, Repairs and Maint, Property ManagementUtilities Expenses: $
Community: Sullivan County, , Subdivision, Zoned R 1
Schools: Ketron Elementary, Sullivan Heights Middle Middle, West Ridge High
Interior Features:
Flooring: Carpet, Luxury Vinyl, See Remarks Basement & Foundation: Crawl SpaceOther Features: See Remarks
Exterior Features:
Porch, Patio, Decking Detail: Rear Porch Roof: Shingle Exterior Finish: Brick