Multifamily (Quadruplex)

127 Patrick Ln, Gray, TN 37615

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FOR SALE

Price: $589,900 Price Per ft²: $inf List Date: 2026-03-06 DOM: 0
City Tax: $0 County Tax: $849

Year Built: 1950 pre-1978 Homes

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.00 acre(s) Lot Dimensions: IRR Topography: Level, Rolling Slope

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

Appliances: Dishwasher, Refrigerator, Electric Range, Microwave

Description

REDUCED!! Looking for a lucrative investment in the heart of the Tri-Cities? Don't miss this one—location, location, location! Boasting four units in true turnkey condition, this stacked-flat fourplex offers 3,750+ sqft of finished living space and has been completely remodeled throughout.Currently generating a strong return, this like-new property has undergone extensive renovations throughout, including new flooring, sheetrock, mechanicals, roof, windows, kitchens, bathrooms, and more—making this a low-maintenance, plug-and-play investment.Individually metered and fully occupied, the property lends itself to a variety of investment strategies. Explore options such as long-term rentals, STRs, rent-by-the-room with PadSplit, or simply continue enjoying the solid cash flow from an already stabilized asset.Each unit features a spacious floor plan with 2 large bedrooms and 1 full bathroom, highlighted by durable LVP flooring, HVAC, laundry hookups, and dedicated outdoor space—all contributing to strong tenant appeal.Strategically positioned in the heart of everything, this property is located in an established neighborhood convenient to all nearby attractions that include local parks, retail, restaurants, grocery stores, while also being just a short drive away from nearly everything in the TriCities with easy access to I-81 & I-26! Whether you're a seasoned investor looking to strengthen your portfolio or an owner-occupant aiming to house hack and live for free, this property delivers exceptional versatility and tremendous upside. Opportunities like this don't come often—priced to sell at $589K. Don't miss your chance—call today!Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.